Business

New highs on D-Street! Nifty scales Mt 23K, Sensex hits fresh peak

Indian benchmark equity indices Nifty and Sensex hit fresh record highs on Friday, led by banking and financial stocks, despite robust economic data in the U.S. dampening hopes of early interest rate cuts.

Nifty50 hit a fresh lifetime high of 23,000 in today’s trade before trading at 22,970, up 2 points meanwhile the BSE Sensex hit a record high of 75,582 before trading 77 points higher at 75,495 at around 9.46 am.

Data on Thursday showed U.S. jobless claims dropped while S&P Global’s Flash PMI survey showed business activity expanded faster than economists forecast in May.

The article originally appeared on The Economic Times.

You May Also Like

World

A leader of Kataib Hezbollah and two of his guards were in a vehicle when it was targeted in the east of the Iraqi...

World

Pakistan will discuss an Extended Fund Facility (EFF) with the International Monetary Fund (IMF) in Washington next month, Finance Minister Muhammad Aurangzeb said on...

Business

New York CNN — Apple has received approval to change the way its smartwatches function so the company can overcome the Apple Watch ban imposed by...

Finance

NEW YORK – Gold prices saw a marginal increase today, with spot gold trading at $2,030.87 per ounce. The uptick in the precious metal’s value coincided...

Copyright © 2024 prwireonline

Exit mobile version