Indian stocks rise marginally on global cues

ANI
23 Nov 2022, 15:18 GMT+10

New Delhi [India], November 23 (ANI): Indian stock indices extended their gains from the previous session in line with strength in overnight US markets.

At the time of writing this report, Sensex traded at 61,519.68 points, up 100.72 points or 0.16 per cent, whereas Nifty traded at 18,275.75 points, up 31.55 points or 0.17 per cent.

On Tuesday, the markets started on a sluggish note, however, indices recovered to end with smart gains, mainly aided by a recovery in European markets.

"We believe that IT stocks can be a good buy for both small and medium-term gains led by good corporate earnings and expectations of slowing pace of interest rate hike by FED. Investors can also accumulate auto shares as good demand and RM prices cooling off may lead to a rise in these stocks," said Mohit Nigam, Fund ManagerHead - PMS, Hem Securities.

Nigam said some stock-specific actions can be witnessed in stocks such as FSN E-Commerce as CFO Arvind Agarwal reportedly resigned to pursue other opportunities, Vedanta as its board approved the third interim dividend for FY23 of Rs 17.5 per share, and DCW as the company will invest Rs 125 crore towards capacity expansion.

Meanwhile, the rupee however depreciated marginally this morning. It opened at 81.80 against the US dollar from its previous close of 81.67.

In October, the rupee breached the 83 mark for the first time in its history. So far this year, the rupee has depreciated around 8-9 per cent. (ANI)

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Tennis Times.

More Information

25 ℃

Fair in Seletar

Sports

Section

Ghana beat South Korea 3-2 in World Cup Group H

FIFA World Cup 2022: Salisu, Kudus strikes give Ghana 2-0 lead over South Korea in half-time

Doha [Qatar], November 28 (ANI): Strikes from Mohammed Salisu and Mohammed Kudus helped Ghana take a 2-0 lead against South ...

World Cup roundup: Ghana up to 3 points with upset of S. Korea

Cameroon closed a 3-1 deficit with a pair of late goals and scored a draw with Serbia in a 3-3 ...

Canucks deny discrimination claim of ex-employee

A discrimination complaint against the Vancouver Canucks was filed by Rachel Doerrie, a former analytics department specialist who alleges assistant ...

Report: Mavericks, Kemba Walker agree to deal

Kemba Walker is set to join the Dallas Mavericks on a one-year deal, pending a physical. Walker, 31, will take ...

World Cup roundup: Cameroon rallies in 3-3 draw with Serbia

Cameroon closed a 3-1 deficit with a pair of late goals and scored a draw with Serbia in a 3-3 ...

Lifestyle

Section