ANI
23 Nov 2022, 10:48 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)Get a daily dose of Tennis Times news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Tennis Times.
More InformationMADRID, Spain: Liverpool footballer Diogo Jota and his younger brother, André Silva, have died in a car accident in Spain. Spanish...
Birmingham [UK], July 7 (ANI): After England's heavy 336-run defeat to India, captain Ben Stokes hinted at the possibility of Jofra...
New Delhi [India], July 7 (ANI): Team India scripted history by defeating England for the first time ever at Edgbaston, Birmingham...
(Photo credit: Mark J. Rebilas-Imagn Images) The Washington Nationals dismissed manager Dave Martinez and general manager Mike Rizzo...
(Photo credit: Kiyoshi Mio-Imagn Images) Jose Altuve went 2-for-4 with a home run and two RBIs, and the Houston Astros pulled away...
(Photo credit: Rick Scuteri-Imagn Images) Michael Lorenzen pitched seven scoreless innings and won for the first time in nearly a...
PARIS, France: France is taking stronger steps to reduce smoking. A new health rule announced on Saturday will soon ban smoking in...
Tel Aviv [Israel], July 6 (ANI/TPS): The IDF (Israel Defense Forces) said it will begin sending draft summonses this week to complete...
Udhampur (Jammu and Kashmir)[India], July 6(ANI): More than 300 cadets of the newly established 6th Jammu and Kashmir National Cadet...
Monte Carlo [Monaco], July 6 (ANI): Team Sea Sakthi from Kumaraguru College of Technology in India has been awarded the Communication...
New Delhi [India], July 6 (ANI): Amid the ongoing language row, Union Minister Ramdas Athawale on Sunday criticised Maharashtra Navnirman...
New Delhi [India], July 6 (ANI): Amid the ongoing language row, Union Minister Ramdas Athawale on Sunday criticised Maharashtra Navnirman...