Markets recover after Budget: Sensex settles 950 pts higher, Nifty ends near 25,100; 6 key factors behind gains

Sensex, Nifty rebounded on Monday driven by value-buying, after facing a massive drubbing on the Budget day. The equity benchmark indices Sensex and Nifty staged a sharp recovery on Monday, amid value buying in blue-chip oil & gas, banking and auto shares. After opening on a weak note, tracking a broad-based sell-off during a special…

NSE IPO: Sebi issues no-objection certificate

Sebi’s NoC puts an end to nine years of waiting for NSE’s initial public offering (IPO). The Securities and Exchange Board of India (Sebi) has issued a no-objection certificate (NoC) for the public listing of National Stock Exchange of India Ltd (NSE), according to two people familiar with the matter. The development puts an end…

Sensex gains 485 points, Nifty 50 ends above 25,700; what drove the Indian stock market higher? 5 key factors explained

The Sensex ended 485 points, or 0.58 per cent, up at 83,952.19, while the Nifty 50 ended at 25,709.85, up 125 points, or 0.49 per cent. The BSE Midcap and Smallcap indices ended with losses of 0.43 per cent and 0.49 per cent, respectively. Stock market today: Extending gains to a third consecutive session, Indian…