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 International Travel News 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 International Travel News.
More InformationNew Delhi [India], December 4 (ANI): In an analysis conducted by the PHD Chamber of Commerce and Industry, India's states ...
© Provided by Xinhua An increasing number of people are interested in knowing China and there is no better way ...
(Photo credit: Bob DeChiara-USA TODAY Sports) Brad Marchand scored a natural hat trick in the third period as the Boston ...
(Photo credit: Wendell Cruz-USA TODAY Sports) Artemi Panarin recorded his fifth career hat trick and collected a season-high four points ...
New Delhi [India], December 3 (ANI): The Confederation of All India Traders (CAIT) has alleged misuse of Indian travellers' data ...
(Photo credit: Gary Cosby Jr.-USA TODAY Sports) With two losses in the past three games, No. 23 Alabama will be ...
BEIJING, China: The Chaoyang District Intermediary Court in Beijing has begun compensation hearings for the Chinese relatives of those who ...
WASHINGTON D.C.: U.S. First Lady Jill Biden stressed that she wants everyone visiting the White House during Christmas to "feel ...
DUBAI, UAE: On November 24, countries participating in a five-day conference hosted by the International Civil Aviation Organization in Dubai ...
Fewer planes and helicopters will be flying tourists over Mount Rushmore and other national monuments and parks as new regulations ...
New Delhi [India], December 4 (ANI): In an analysis conducted by the PHD Chamber of Commerce and Industry, India's states ...
© Provided by Xinhua An increasing number of people are interested in knowing China and there is no better way ...