Shares defy global worries, Nifty climbs past 22,400 for a 4-day win streak
Mumbai, April 24 -- The domestic equity market continued its rise for the fourth consecutive day, with the Nifty 50 breaching the 22,400 mark. Metals and healthcare stocks emerged as the frontrunners, brushing aside worries about high US bond yields and Middle East tensions. This resilience is despite the ongoing selloff by foreign investors (FPIs). However, aggressive buying by domestic institutional investors (DIIs) is neutralising the FPI outflow, fueling the current rally.
The barometer index, the S&P BSE Sensex, was up 114.49 points or 0.16% to 73,852.94. The Nifty 50 index added 34.40 points or 0.15% to 22,402.40.
The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index rose 0.92% and the S&P BSE Small-Cap ...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.