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)
Get a daily dose of Irish Sun 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 Irish Sun.
More InformationWASHINGTON, DC - Within hours of blocking a UN Security Council resolution from demanding a ceasefire in the current Mideast ...
WASHINGTON D.C.: In a sign of the challenges ahead for his 2024 re-election bid, a new Reuters/Ipsos poll showed that ...
Israel has acknowledged and thanked the United States and President Joe Biden for standing firmly by Israel's side at the ...
NEW YORK: This week, New York City officials said that one person was killed and six others were injured when ...
NEW YORK, New York - The United Kingdom refrained from supporting demands for a ceasefire in the two-months long Israel-Gaza ...
NEW YORK, New York - The U.S. was alone on Friday in a 13-1 vote for a ceasefire in the ...
DUBLIN, Ireland: The latest Balance for Better Business report has revealed that women now hold 39 percent of board positions ...
BRUSSELS, Belgium: To address power shortages at electric vehicle (EV) charging stations, last week, the European Commission announced plans to ...
New Delhi [India], December 10 (ANI): Economic nationalism will play an important role in the journey to a developed India, ...
New Delhi [India], December 10 (ANI): Singapore High Commissioner to India, Simon Wong, shared some pictures from the Hornbill festival ...
The ex-Russian president slammed the German chancellor over claims that Moscow cut gas supplies to western EuropeDmitry Medvedev, the deputy ...
In the last two years, Russian export revenue has seen unprecedented growth, Grigory Yavlinsky has saidRussian income from oil sales ...