In the past one month, the Nifty Midcap 100 index outperformed the market by gaining 3.4 per cent, as compared to 0.1 per cent decline in the Nifty 50. Shares of midcap companies were in demand with the Nifty Midcap 100 index hitting a record high of 62,324.20, up nearly 1 per cent on the…
The May series marked a shift in “market character”, representing a transition from a short covering-led recovery to fresh positioning near higher levels India is likely to become a stock-pickers market in June as local money moves selectively into certain sectors while bearish bets by overseas investors limit broader gains, two brokerages said. The…
Domestic technology stocks saw significant gains on June 1, with all Nifty IT index constituents rising. Strong US software earnings and improved sentiment boosted confidence, reversing previous losses. Persistent Systems led with a 4% increase, while the Nifty IT index closed up 2.66%. Domestic technology stocks witnessed strong buying momentum in Monday’s trade on…