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Ruchit Purohit

The author is a Trainee Journalist at BW Businessworld based in Mumbai. He tracks the Markets and related news.

Latest Articles By Ruchit Purohit

Sensex Ends Above 60,000, Nifty Above 17,850

Ruchit Purohit

The Sensex and Nifty pared some of its early gains after hitting lifetime highs in the morning deals on Friday. The Sensex made a lifetime high of 60,333.00, and the Nifty-50 hit 17,947.65 in the morning trade.

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Sensex Hits 60,000 For First Time In History

Ruchit Purohit

The bulls continued to dominate the Dalal-Street and sent the Sensex beyond 60,000 points in the opening deals on Friday, while the Nifty-50 also made a fresh record high of 17,947.65. The IT sector was the top performer in the morning session as the Nifty IT index gained over two per cent led by shares of Infosys, HCL Tech, and TCS.

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Sensex Jumps 1000 Points, Nifty Nears 17,850

Ruchit Purohit

The Indian equity markets ended at record closing highs on Thursday, September 23 with the Sensex registering its highest ever intraday jump since May 2020, fueled by advances in stocks of Reliance Industries and Bajaj Finserv.

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T+1 Cycle: Understanding Benefits; Resistance from Foreign Investors

Ruchit Purohit

The Securities and Exchange Board of India (Sebi) has recently cleared the proposal to allow exchanges to further reduce the settlement cycle of shares from T+2 to T+1. However, the Foreign Investors (FIs) have raised red flags to the move citing issues with different time zones and exchange problems.

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Sensex Up 650 Pts, Nifty Above 17,700 Driven By Banking, Metal Stocks

Ruchit Purohit

The Sensex and Nifty logged major gains post the opening session on Thursday, backed by strong buying in banking, metal and realty counters. The markets also took support from U.S markets post the Federal Reserve signaled reducing their monthly bond purchases.

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Sensex Recovers From Day's Lows, Ends 514 Pts Higher, Nifty Above 17,560

Ruchit Purohit

The markets made a sharp recovery in the afternoon trade on Tuesday backed by gains in IT, Metal, and Financial stocks. Shares of ITC and Bajaj Finance were the top gainers of Sensex in the intraday session as they gained between 3-5 per cent each.

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Sensex, Nifty Open Higher Despite Weak Global Markets

Ruchit Purohit

The Sensex jumped over 200 points in the opening trade on Monday, negating cues from US and other global markets as they danced to the tunes of China's Evergrande crisis and cautiousness ahead of decision meet. The IT and FMCG stocks were trading positive amid volatility across the board.

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Tourism, Hotel & Aviation Stocks In Action on Sep 20

Ruchit Purohit

The sector saw good momentum on Monday, September 20 with hopes of reopening of economy and ease in curbs on travel and tourism across the country. Furthermore, the government's recent decision to allow airlines to operate at 85 per cent of pre-Covid levels from 72.5 per cent earlier also boosted the investor sentiment, as per market experts.

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Sensex Falls 525 Pts, Nifty Down 188 points

Ruchit Purohit

Negative cues from foreign markets and profit booking from higher levels dragged the markets on September 20. The Metal and PSU Bank stocks were the worst hit, while the FMCG sector outperformed amid volatility across the board.

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Sensex Slips 125 pts Dragged By Metal, PSU Bank Stocks

Ruchit Purohit

Declines in Metal and PSU Bank stocks coupled with negative contribution from Reliance Industries dragged the markets lower on Friday, September 17. However, the overall weekly outlook of the indices has been positive as both Sensex and Nifty gained more than a per cent each.

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