stock market today, BSE Sensex and Nifty50, the Indian equity benchmark index, hit an all-time high in trading on Monday. While the BSE Sensex touched 81,749.34 points, nifty 50 It hit 24,980.45 shortly before hitting the 25,000 mark. At 9:20 am, the BSE Sensex was trading 325 points, or 0.40%, higher at 81,658.01. The Nifty 50 was at 24,928.15, up 93 points, or 0.38%.
The Indian stock market has been on a strong bullish trend with continuous gains for the last eight weeks, although it has faced challenges like volatility and profit booking. According to an ET report, analysts believe that going forward, the first quarter earnings reports of major companies will be a key factor in determining the market direction.
Technical analysis by Nagaraj Shetti of HDFC Securities indicates that the positive chart pattern of higher tops and bottoms on the daily chart remains intact, and Nifty has recently confirmed the formation of a new higher bottom.
global market US stocks rose on Friday as markets stabilised after a massive sell-off and economic data showed an improving inflation outlook.
Asian stocks rose on Monday ahead of key decisions from central banks in Japan, the US and the UK and the release of important technology earnings. Oil prices rose on Monday, paring last week's losses, on concerns about a possible escalation in the Middle East conflict after a rocket attack hit the Israeli-occupied Golan Heights.
Foreign portfolio investors turned net buyers and purchased shares worth Rs 2,546 crore on Friday, while domestic institutional investors bought shares worth Rs 2,774 crore.
FIIs' net long position increased from Rs 62,416 crore on Thursday to Rs 1.32 lakh crore on Friday. Several companies, including Adani Total Gas, HPCL, Adani Wilmar and ACC, are scheduled to announce their first quarter results on Monday.
The Indian stock market has been on a strong bullish trend with continuous gains for the last eight weeks, although it has faced challenges like volatility and profit booking. According to an ET report, analysts believe that going forward, the first quarter earnings reports of major companies will be a key factor in determining the market direction.
Technical analysis by Nagaraj Shetti of HDFC Securities indicates that the positive chart pattern of higher tops and bottoms on the daily chart remains intact, and Nifty has recently confirmed the formation of a new higher bottom.
global market US stocks rose on Friday as markets stabilised after a massive sell-off and economic data showed an improving inflation outlook.
Asian stocks rose on Monday ahead of key decisions from central banks in Japan, the US and the UK and the release of important technology earnings. Oil prices rose on Monday, paring last week's losses, on concerns about a possible escalation in the Middle East conflict after a rocket attack hit the Israeli-occupied Golan Heights.
Foreign portfolio investors turned net buyers and purchased shares worth Rs 2,546 crore on Friday, while domestic institutional investors bought shares worth Rs 2,774 crore.
FIIs' net long position increased from Rs 62,416 crore on Thursday to Rs 1.32 lakh crore on Friday. Several companies, including Adani Total Gas, HPCL, Adani Wilmar and ACC, are scheduled to announce their first quarter results on Monday.