Benchmark indices Sensex and Nifty climbed to fresh all-time highs on Thursday driven by buying in auto shares amid a sharp rally in Asian markets. The BSE Sensex jumped 666.25 points or 0.78 per cent to settle at an all-time high of 85,836.12. During the day, it reached a record intra-day peak of 85,930.43, surging 760.56 points or 0.89 per cent.
Share market update: Most active stocks of the day in terms of traded value (26-09-2024)
The NSE Nifty index closed 211.9 points up at 26216.05
Stock market update: Nifty IT index advances 0.48% (26-09-2024)
The Nifty IT index closed 0.48 per cent up at 42160.9.
Journey of a Small Cap investor! (26-09-2024)
@DrHarshilRohit
The data below would explain the investment thesis for Aditya Birla Money!
As is evident, the Co. has been growing aggressively, both in Sales & profits, for the last several qtrs. I expect it to continue in much the same way qtr. after qtr. for the foreseeable future. With the economy booming, & a burgeoning young middle class looking to multiply its wealth, the share broking/ wealth mgt. business has never been better.
It is a subsidiary of Aditya Birla Capital, a company with a market cap of over 60K crs., & is being closely monitored by it. The business model is such that it is pretty much risk free using the latest technologies for risk mgt. The Co. is not into any wholesale funding of Corporates/builders etc., which has been the achilles heel for many finance companies.
As things stand, it seems to be a multi year hold for now. As the stock is currently in Trade-To-Trade category, it seems to be a good time to accumulate as I too am doing!
Stock market update: Nifty Realty index advances 0.1% (26-09-2024)
The Nifty Realty index closed 0.1 per cent up at 1131.3.
Karnataka Cabinet withdraws consent for CBI probes in state over alleged misuse of central agency (26-09-2024)
The Karnataka Cabinet has withdrawn consent for any CBI probe in the state, citing concerns over the alleged misuse of the central agency. State Law Minister HK Patil emphasized that this decision is unrelated to the MUDA scam involving CM Siddaramaiah, but aims to address perceived biases and inefficiencies in CBI investigations.
Gainers & Losers: Maruti Suzuki, EaseMyTrip among 11 stocks that hogged limelight today (26-09-2024)
Nifty50 and Sensex hit record highs for the sixth consecutive session, driven by strong auto and metal sector performances.