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The benchmark Bombay Stock Exchange (BSE) index Sensex reclaimed the 28,000-level for the first time since December 9 and the National Stock Exchange (NSE) Nifty rose by 22 points to trade above 8,400-mark in opening trade on Monday on sustained foreign fund inflows. Marketmen said apart from sustained capital inflows, encouraging manufacturing output data for Read More

Nifty’s PE multiple is still attractive, corporate profits are looking up, and the country’s economy is relatively stable After the Nifty’s 31 per cent gain in 2014, the Indian stock market is among the most expensive in the world, going by the price-earnings (PE) multiple of the index. The Nifty’s PE multiple, at 15.8 times Read More

With a reversal in the benchmarks, the market appears set to surge to new highs It has been a buoyant start to the New Year. The bulls, back from their year-end break, seemed determined to continue the party in stock market. Both the Sensex and the Nifty ended the week with more than 2 per Read More

MUMBAI (Reuters) – India’s banking stocks surged, with the Bank Nifty hitting a record high on hopes of faster reforms in the sector ahead of a two-day industry meet that starts on Friday. The one-of-a-kind retreat, spearheaded by Prime Minister Narendra Modi along with Reserve Bank of India (RBI) Governor Raghuram Rajan and Finance Minister Read More

Banking stocks surged, with the Bank Nifty Index hitting a record high on hopes of faster reforms in the sector ahead of a two-day industry meet that starts on Friday. The one-of-a-kind retreat, spearheaded by Prime Minister Narendra Modi along with central bank Governor Raghuram Rajan and Finance Minister Arun Jaitley, will include all top Read More

MUMBAI (Reuters) – The BSE Sensex and Nifty rose more than 1 percent on Friday, heading towards their sixth straight session of gains, helped by banking stocks ahead of an industry meet while a survey showing manufacturing activity expanded at its fastest pace in two years in December also boosted sentiment. Banking stocks advanced on Read More