Market and Business News

Investors' wealth rises by Rs 4.05 lakh crore to new record high of Rs 4.5 lakh crore (Gujarat News Correspondent) MUMBAI: Before Dussehra, funds, experts and high net worth investors hit record highs in Indian stock markets today. After a tumultuous rally in Tata Group stocks yesterday, IT stocks in IT-software services stocks along with Wipro, Infosys and other IT stocks rose sharply on the back of encouraging quarterly results. Karavi had set a new peak. With Prime Minister Narendra Modi's determination to continue the country's infrastructure development and the rural economy growing faster this year with the monsoon successful, the IMF estimates India's economic-GDP growth to be 4.5 per cent for the current financial year, in stark contrast to the global economy. As Coro's transition is also slowing down and economic-industrial growth picking up, corporate India's performance is expected to be encouraging. At the end of the day, the Sensex jumped 3.50 poi...

Investors' wealth rises by Rs 4.05 lakh crore to new record high of Rs 4.5 lakh crore (Gujarat News Correspondent) MUMBAI: Before Dussehra, funds, experts and high net worth investors hit record highs in Indian stock markets today. After a tumultuous rally in Tata Group stocks yesterday, IT stocks in IT-software services stocks along with Wipro, Infosys and other IT stocks rose sharply on the back of encouraging quarterly results. Karavi had set a new peak. With Prime Minister Narendra Modi's determination to continue the country's infrastructure development and the rural economy growing faster this year with the monsoon successful, the IMF estimates India's economic-GDP growth to be 4.5 per cent for the current financial year, in stark contrast to the global economy. As Coro's transition is also slowing down and economic-industrial growth picking up, corporate India's performance is expected to be encouraging. At the end of the day, the Sensex jumped 3.50 poi...