The stock market in India dropped 178.5 points or 0.2% to 74,161 in early deals on Friday, falling for the 1st time in six days, dragged by financial services, realty, and consumer goods, following a downbeat session in Wall Street overnight after the US GDP grew less than expected. Traders anticipate releases of March the US PCE index for cues on the Fed's interest rate trajectory. Investors braced for the Q4 earning results of several heavyweight companies, including HCL Tech, Maruti Suzuki, and SBI Life. Bajaj Finance plunged 6.7% despite posting a higher-than-expected consolidated net profit for Q4, while Bajaj Finserv fell by 2.7% ahead of the earnings report later today. By contrast, Tech Mahindra jumped 8.4% after announcing a turnaround plan that offered succor following declining revenue growth for the past three quarters. For the week, the BSE Sensex is heading for a 1.5% surge, which would be the 1st increase in three weeks, supported by expectations of robust Q4 earnings.
The main stock market index in India (SENSEX) increased 1613 points or 2.23% since the beginning of 2024, according to trading on a contract for difference (CFD) that tracks this benchmark index from India. Historically, the BSE SENSEX Stock Market Index reached an all time high of 75124.28 in April of 2024. BSE SENSEX Stock Market Index - data, forecasts, historical chart - was last updated on April 26 of 2024.
The main stock market index in India (SENSEX) increased 1613 points or 2.23% since the beginning of 2024, according to trading on a contract for difference (CFD) that tracks this benchmark index from India. The BSE SENSEX Stock Market Index is expected to trade at 72436.10 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 68908.20 in 12 months time.