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Market Forecast: Holiday Shortened Week Packed With Geopolitical Shifts, Earnings and Macro Data
Business

Market Forecast: Holiday Shortened Week Packed With Geopolitical Shifts, Earnings and Macro Data

Last week, the BSE benchmark Sensex dipped marginally by 3.32 points after a record-breaking rally. (Representative image)Shares of TCS will remain in focus on Monday. The company reported its January-March quarterly earnings on Friday.Geopolitical events, macroeconomic data and quarterly earnings of corporates would guide the stock market in a holiday-shortened week ahead, analysts said.Stock markets will remain closed on Wednesday for Ram Navami.Also Read: Bullish Economic Outlook: FPIs Infuse Rs 13,300 Crore In Equities In April So Far“This week promises to be crucial for the market as fresh worries about a potential conflict between Iran and Israel emerge. Any significant escalation in tensions could trigger panic selling and volatility in global equity markets. The market will also b...
Closing Bell: Sensex Breaches 71k-mark, Nifty Surges To Fresh Record
Business

Closing Bell: Sensex Breaches 71k-mark, Nifty Surges To Fresh Record

In the broader market, the BSE midcap jumped 1.06 per cent and smallcap climbed 0.62 per cent on ThursdayBenchmark equity indices Sensex and Nifty rallied over 1 per cent to hit all-time highs on Thursday,Stock Markets Today India: Benchmark equity indices surged more than 1 per cent to hit their new all-time highs on Friday, with the Sensex breaching the 71,000 mark, as domestic macroeconomic data and easing concerns over the US economic growth bolstered market sentiment.Besides, heavy buying in IT, tech and metal counters amid sustained buying by foreign investors helped the domestic equities, traders said.Rising for the third day running, the 30-share BSE Sensex jumped 969.55 points or 1.37 per cent to settle at its record closing high of 71,483.75. During the day, it surged 1,091.56 p...