Information technology (IT) and auto stocks helped India's benchmark indexes hit fresh record highs on Friday, after robust economic data from the United States eased fears of a slowdown and improved broader sentiment.
has risen over 10.5% in the three months ended June 30, its best performance since the September quarter of 2021.The benchmark also logged its best week in over 11 months and extended gains for the fourth month in a row.
Analysts cited strong foreign inflows, cooling inflation, and steady corporate earnings growth as key reasons for the rise in Indian equities. "The current upward momentum could continue and the 19000-19200 band could be the next resistance for the Nifty in the near term", said Deepak Jasani, head of retail research at HDFC Securities.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
IT powers rise in India's Nifty 50, Sensex to new record highsInformation technology (IT) stocks helped India's benchmark indexes hit fresh record highs on Friday, after robust economic data from the United States eased fears of a slowdown and improved broader sentiment.
Read more »
5 things to know before the stock market opens FridayHere are the most important news items that investors need to start their trading day.
Read more »
Alaska Supreme Court considers whether Hilcorp’s financial information should stay secretThe Alaska Supreme Court is considering whether the public should have access to financial information for privately held Hilcorp Energy Co., operator of the Prudhoe Bay oil field and the near-half owner of the trans-Alaska pipeline. (via AlaskaBeacon)
Read more »
Sony just spilled confidential PlayStation information because of a SharpieConfidential information includes how much Sony spends on games
Read more »
Popular apps for kids collecting personal information, report saysThe '2023 State of Kids' Privacy' report says 73% of the most popular 200 apps and platforms are monetizing personal information.
Read more »
Denver police seeking information after dead horse found tied to telephone poleDenver police are seeking information after a deceased horse was found tied to a telephone pole in far northeast Denver.
Read more »