New Delhi: nifty 50 It hit an all-time high of 22,186.65 points in early morning trade on Monday, mainly driven by. financial situation And energy reserves, bse sensex It also rose 0.34% to 72,679.55, just 800 points away from its all-time high.
Although the benchmarks initially opened 0.3% higher, they later fell 0.1% within the first hour of trading.
Siddharth Khemka, head of retail research at Motilal Oswal Financial Services, said domestic equities remain resilient despite low expectations of an early US rate cut. This resilience can be linked to strong macroeconomic fundamentals and persistent domestic inflows.
Khemka also highlighted interest in public sector banks due to positive impact of quarterly results, stable earnings in energy companies and favorable valuations.
Growth was recorded in 11 out of 13 major sectors. The financial sector witnessed a growth of 0.6%, while public sector banks grew by 0.5%. Energy shares also rose 0.4%. Tata Power Co. experienced 2% rise after receiving letter of intent for power project acquisition worth Rs 8.38 billion ($101 million).
ITC which had fallen 14.2% in the last four weeks, rose 1.5%. Information technology stocks fell 0.3% while small- and mid-cap stocks rose 0.6%.
Although the benchmarks initially opened 0.3% higher, they later fell 0.1% within the first hour of trading.
Siddharth Khemka, head of retail research at Motilal Oswal Financial Services, said domestic equities remain resilient despite low expectations of an early US rate cut. This resilience can be linked to strong macroeconomic fundamentals and persistent domestic inflows.
Khemka also highlighted interest in public sector banks due to positive impact of quarterly results, stable earnings in energy companies and favorable valuations.
Growth was recorded in 11 out of 13 major sectors. The financial sector witnessed a growth of 0.6%, while public sector banks grew by 0.5%. Energy shares also rose 0.4%. Tata Power Co. experienced 2% rise after receiving letter of intent for power project acquisition worth Rs 8.38 billion ($101 million).
ITC which had fallen 14.2% in the last four weeks, rose 1.5%. Information technology stocks fell 0.3% while small- and mid-cap stocks rose 0.6%.
