Mumbai, April 12 (IANS) The Indian stock markets witnessed a strong rebound last week after six consecutive weeks of decline, supported by favourable global cues, according to analysts.Sentiment remained buoyant amid optimism surrounding a temporary US–Iran ceasefire, although lingering geopolitical uncertainties capped the pace of gains as the week progressed. “The rally was further aided by a stable domestic macro backdrop, with broader markets outperforming the benchmarks. Despite elevate…
Latest Composite PMI News & Updates
New Delhi, March 4 (IANS) India’s services sector continued to expand at a healthy pace in February, even as growth in new orders slowed amid rising competition, according to the latest data from the HSBC India Services PMI Business Activity Index.The Services Purchasing Managers’ Index (PMI) stood at 58.1 in February, slightly lower than the 58.5 recorded in January.A reading above 50 indicates expansion, which means the sector remained firmly in growth territory as the current financial ye…
New Delhi, Feb 10 (IANS) The Nifty Midcap 150, despite a one‑month decline of 3.53 per cent in January, emerged as a top gainer on annual basis, delivering one‑year returns of 8.26 per cent, a report said on Tuesday.The report from Motilal Oswal Mutual Fund said the index delivered returns of -2.52 per cent and 0.61 per cent over the last three months and six months respectively.Commodities were the only positive contributor to the Nifty 500 in January, the report further said. Among sectors…
Mumbai, Jan 4 (IANS) The Indian stock market is expected to stay active in the coming sessions as investors assess a combination of domestic economic signals and global developments. With the Q3 earnings season approaching, market sentiment will be guided by key data releases, geopolitical developments and trends in commodities and currencies.Commenting on Nifty technical outlook, an analyst said that “on the upside, immediate resistance is placed at 26,400, followed by 26,500 and 26,600, whil…