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The benchmark indices <keyword id="19896381" type="General" weightage="100" keywordseo="Nifty" source="keywords">Nifty</keyword> and <keyword id="19896382" type="General" weightage="20" keywordseo="Sensex" source="keywords">Sensex</keyword> hits lifetime highs on Thursday during the mid-hours of <keyword id="20114014" type="General" weightage="20" keywordseo="trading" source="keywords">trading</keyword>. The Nifty touched a record high at 25,174.55 and Sensex rose to 82,220.68. The indices opened almost flat with a mixed response from both indices in the opening hour. The Nifty at the National <keyword id="19976022" type="General" weightage="20" keywordseo="stock" source="keywords">Stock</keyword> Exchange (NSE) opened 17 points down at 25,035.30 points. The BSE Sensex opened with a minor gain of 35 points at 81,822.56. "Finally, it (Nifty) has broken through to fresh all-time highs. This opens up possibilities for a strong upmove now. Sector-wise, domestic cyclical will lead the way while IT is coming back in favour of selective names," said Ajay Bagga, <keyword id="19913381" type="General" weightage="20" keywordseo="market" source="keywords">Market</keyword> and Banking expert. "The markets have weathered the geopolitical news flow, the disorderly Yen carry trade unwinding moves, and the minor panic on an incipient US slowdown leading to a hard landing. These issues have been digested and factored in and FII flows have improved over the last few days to add to the robust domestic inflows. The structural bull market is back and we expect further upside in the markets," said Bagga. "While Nifty is trading at 23x its actual value, many heavyweight stocks like HDFC and Reliance are still trading below their all-time highs. However, I think sectors like IT, <keyword id="19933821" type="General" weightage="20" keywordseo="pharma" source="keywords">Pharma</keyword>, FMCG, Consumption, and Metals have been instrumental, driven by factors such as the depreciation of the Indian Rupee, rising inflation in food items, and the growing scope in Pharma due to government projects," said VLA Ambala, Co-founder, Stock Market Today. "Despite this bullish trend, I would suggest <keyword id="19900618" type="General" weightage="20" keywordseo="investors" source="keywords">investors</keyword> to be cautious. Moreover, the NIFTY index is currently in an overbought zone, with RSI levels indicating a potential correction in the next 3-6 months. I would advise all investors to focus on dip-buying opportunities and avoid FOMO. Lastly, stick to stocks with strong fundamentals, as overvalued prices won't sustain in the long run," she said. Later this week, the markets will be reading the first quarter <keyword id="19904293" type="General" weightage="20" keywordseo="GDP" source="keywords">GDP</keyword> data which is scheduled on Friday. The Reserve Bank of India, in its latest monetary policy meeting, projected GDP growth for 2024-25 at 7.2 per cent, with growth for Q1 expected at 7.1 per cent. India's GDP grew by an impressive 8.2 per cent during the financial year 2023-24, continuing to be the fastest-growing major economy. The Nifty 50 index began on April 22, 1996, with a starting value of 1136.28 points and has crossed the 25,100 milestone today, marking a growth of nearly 22 times.

Sensex surges to record high, gains 400 points; Nifty reaches all-time peak

The <keyword id="19925636" type="General" weightage="20" keywordseo="stock-market" source="keywords">stock market</keyword> closed in the green, with benchmark indices hitting new all-time highs at the end of closing sessions on Monday. The <keyword id="19950208" type="General" weightage="20" keywordseo="BSE-Sensex" source="keywords">BSE Sensex</keyword> surged by 384.30 points, closing at 84,928.61, while the NSE <keyword id="19896381" type="General" weightage="20" keywordseo="Nifty" source="keywords">Nifty</keyword> gained 148.10 points to settle at 25,939.05. Both indices ended the session driven by strong buying in sectors like auto, oil and gas, and <keyword id="19976433" type="General" weightage="20" keywordseo="financial-services" source="keywords">financial services</keyword>. Out of the Nifty 50 companies, 34 stocks advanced, while 16 declined. Bajaj Auto, Mahindra &amp; Mahindra (M&amp;M), ONGC, Hero Motocorp, and SBI Life emerged as the top gainers, contributing significantly to the market's rise. On the flip side, Eicher Motors, ICICI Bank, Divi's Labs, Wipro, and IndusInd Bank were the top losers, experiencing profit booking after recent rallies. The market's bullish momentum was largely influenced by anticipation surrounding the <keyword id="19899810" type="General" weightage="20" keywordseo="Reserve-Bank-of-India" source="keywords" meta.keywordsubtype="org" meta.entityname="Reserve Bank of India" meta.hostid="261" meta.entityid="Reserve Bank of India">Reserve Bank of India</keyword>'s (RBI) Monetary Policy Committee (MPC) meeting to be held October 7 to 9 and its decision on the repo rate. As the market gears up for potential rate cuts, India VIX, a volatility index, spiked by more than 9 per cent, also reflecting investor caution. VLA <keyword id="19958748" type="General" weightage="20" keywordseo="ambala" source="keywords">Ambala</keyword>, Co-Founder of Stock Market Today, commented on the session's performance, highlighting the role of macroeconomic factors. "In today's session, the India VIX rose more than 9 per cent as the market awaits the MPC policy and <keyword id="21977342" type="General" weightage="20" keywordseo="repo-rate-cut" source="keywords">REPO rate cut</keyword> decision. Notably, India's fast composite PMI recorded a slightly slower growth in September. This is the slowest rate of growth in 2024 for the manufacturing and service sectors," she said. "According to me, to remain globally competitive, the RBI needs to match the US Fed rate, which will create a significant difference between India's lending growth and the long-term FD rates," she added. Ambala emphasized the importance of the RBI's decision in maintaining India's global competitiveness, particularly in comparison to the US Federal Reserve's rates. She noted that any repo rate cut by the RBI could inject more liquidity into the economy, potentially spurring a bullish trend in the equity market and benefiting asset classes like real estate. "If the RBI chooses a REPO rate cut, it will inject more liquidity into the economy, likely fueling a bullish market trend. On the other hand, account holders could enjoy better returns in asset classes such as the equity market and real estate," she said. "The banking and NBFC sectors are already responding to the potential rate cut, and we may see a decline of 100-200 bps points in the next 1.5 years. Since the market has been resilient, I believe it will adapt quickly to these economic changes," Ambala added. Currently, major indices such as Nifty, Bank Nifty, Financial Services, Mid Cap 100, Mid Cap 150, Next 50, FMCG, Consumption, Metal, Infrastructure, and Auto are trading at all-time highs. Sectors like NBFCs, Realty, Infrastructure, and PSU stocks are expected to remain in focus as potential rate cuts could open up significant opportunities for mid-term investors. The technical indicators show that the broader trend remains bullish, with the Relative Strength Index (RSI) for Nifty standing at 74 on the daily, 75 on the weekly, and 83 on the monthly timeframe. However, Ambala advised investors to approach the market cautiously. "The Nifty index can expect support levels at 25,870 and 25,680 with resistance at 26,050 and 26,130 in the next market session," she stated.

Sensex soars to 84,928, Nifty settles at 25,939 as stock market closes at all-time high

The <keyword id="19950208" type="General" weightage="20" keywordseo="BSE-Sensex" source="keywords">BSE Sensex</keyword> climbed up by as much as 1,400 points during the day, to close at 84544.31. Nifty wasn't far behind, inching up over 1% during the day to close at 25790.95. What is driving this rally? And this is not just the secondary market. The primary market, i.e. IPO subscriptions are also witnessing a stellar surge in investor interest. The IPOs of Northern Arc Capital and Arkade Developers, which closed yesterday, were oversubscribed 117 times and 113 times, respectively, largely on the back of significant investments made via the QIB and NII categories. But the question is, what is driving this frenzy, which comes on the heels of the Fed's recent announcement slashing interest rates by a significant 50 basis points? Experts explain that the most direct impact of the rate cut comes in the form of higher <keyword id="20078820" type="General" weightage="20" keywordseo="foreign-capital-inflows" source="keywords">foreign capital inflows</keyword> into emerging markets like India. The impending anticipation of this is what is driving the rally witnessed in the stock market today. As per data from NSDL’s FPI monitor, foreign investors infused a net total of Rs 2,341.64 crore in Indian equity markets via stock exchanges, as of September 19th, 2024. Data shows that September has seen inflows of around Rs 27,862 crores in first half of September. This is around 4 times the flows seen during the entire month of August. Just within this week (till September 19), FPI inflows have touched Rs 5,419 crores. Palka Arora Chopra. Director, <keyword id="23251477" type="General" weightage="20" keywordseo="Master-Capital-Services" source="keywords">Master Capital Services</keyword> Ltd explains that the current upswing in the stock market results from market forecasts of increased foreign inflows into India following the Fed rate decrease. “This, combined with the fact that US jobless claims are at their lowest since May 2024, have alleviated concerns about the US labor market failing, rather, it is simply slowing down. This is also why the Dow Jones Industrial Averages and S&amp;P 500 index surged to 1.7%, and Asia saw a rise in markets across Korea, Japan, and Hong Kong”, she continued. Riding on the tide of higher foreign inflows is the strengthening of Indian Rupee. Already, the rupee has regained strength from a high of 84.0 to 83.7 over the last week, and this trend may continue in the near term. Santosh Meena, Head of Research, Swastika Investmart Ltd notes that historically, emerging markets tend to outperform during the onset of a rate-cut cycle in the U.S. “Indian markets, backed by robust fundamentals, remain resilient despite concerns over valuations. Large-cap stocks, particularly in the private banking sector, continue to look attractive, fueling the current bullish momentum. This positive trend is expected to persist unless significant negative developments arise on the domestic or global front”, he highlights. Mr. Pradeep Gupta, Co-founder &amp; Vice-chairman, Anand Rathi Group notes that this rate cut comes with some short-term benefits for the country, which means stronger rupee and potential capital inflows. "A stronger rupee would make imports cheaper, potentially improving India’s trade balance. However, these advantages may be temporary if the US economy continues to weaken. The Reserve Bank of India (RBI) may follow the Fed’s lead but not immediately. Improved global sentiment could drive a rally in <keyword id="19991358" type="General" weightage="100" keywordseo="Indian-markets" source="keywords">Indian markets</keyword>, as emerging economies like India become more attractive to investors", notes Gupta. But note that in the longer term, the direction of the Indian stock market will depend largely on global economic conditions, and particularly the health of the US economy. If the US achieves a “soft landing”, as is targeted by Fed, and avoids a recession, Indian equities may experience gradual growth. However, if the global outlook deteriorates, Indian markets—especially mid and small-cap segments, could come face to face with increased volatility and market downturns. <h2>What should your investment strategy be?</h2>SEBI registered Investment Advisor Gaurav Goel advises having a thorough look at your portfolio whenever the equity markets hit a fresh high. Look, it is practically impossible to time the markets. But, as a smart investor, markets hitting a fresh high is a good time to rebalance your portfolio, so that you can cushion your funds from any significant downturn that will invariably stem from any market downturns thereafter "When equities hit all time highs, there is a natural tendency of equity component of your asset allocation to breach the prescribed asset allocation. In such a situation, on should reassess the asset allocation and shave off excess percentages from the equity allocation to revert to the mean". Goel also suggests hedging a portion of your portfolio by buying naked long dated put options on benchmark index like Nifty 50. This way, you'd be able to benefit from a decrease in the prices of underlying assets, without having to own it. But most importantly, "At these crests, its important to shuffle your portfolio. Remove the crap, low-value stocks that might have made their in your portfolio during bullish phase, and replace with high quality stocks. Shift your assets more toward the large cap stocks/index funds where the volatility would be less or towards sector/market caps, which are less expensive on valuations", Goel continued. As for traders looking to make the most of the ongoing upward trajectory of the market, Osho Krishan, Senior Analyst, Technical &amp; Derivatives, Angel One, advises "capitalizing on the upward momentum by taking profits, rather than adopting an aggressive stance in the overbought territory". "From a technical perspective, we have entered a phase where the market is overbought, as indicated by various metrics. Therefore, it is crucial to avoid complacency and instead adopt a practical and realistic approach to the current situation", he continued. Anirudh Garg- Founder and Fund Manager at Invasset PMS explains that "When markets hit an all-time high, investors need to reassess their strategies to navigate potential risks while still capitalizing on opportunities. However, it’s essential to understand that not every market high signals overvaluation. There’s a key difference between markets reaching record levels and being fundamentally expensive. Identifying this distinction helps avoid premature decisions based solely on market peaks". "In particular, when mid-cap and small-cap stocks exhibit stretched valuations, investors should shift their focus to high-quality companies. These are firms with robust balance sheets, consistent earnings growth, and strong competitive advantages, often found in sectors linked to steady inflation", says Garg. Naturally, quality stocks tend to be more resilient in volatile environments, offering stability and better protection against downside risk. Also, don't forget to keep an eye out for the risk-reward ratio, which becomes critical during expensive markets. This involves diversifying portfolios, avoiding overexposure to overheated sectors, and focusing on capital preservation while seeking reasonable returns. Disclaimer: The content on this website is for informational purposes only and should not be construed as investment advice. We recommend readers consult certified, qualified and registered advisors for professional and personalised financial advice.

Indian markets surging to all time highs today: What's happening post Fed decision?

<ul class="summary-list"><li>Shopify's stock popped 25% on Tuesday after reporting strong revenue and a promising holiday outlook.</li><li>The gains added fuel to Canada's stock rally, helping the market touch record highs. </li></ul>Shopify shares soared Tuesday, lifting Canda's benchmark stock index. Shares of the e-commerce firm popped as much as 25% after reporting revenue that beat estimates and giving strong guidance for the holiday season.With the heaviest weighting on Canada's benchmark index, Shopify's gains pushed the S&amp;P/TSX Composite Index up as much as 1% on Tuesday to touch nearly 25,025, marking the first time the index has crossed the 25,000 threshold.The company, which builds software to power online storefronts, reported earnings per share of $0.35, beating forecasts of $0.26 according to LSEG estimates. Revenue, meanwhile, came in at $2.16 billion versus estimates of $2.12 billion.Going forward, the company says it expects revenue growth in the mid- to high-twenties percentage for the present quarter, above forecasts of around 23% according to FactSet. The strong outlook shows optimism around spending in the upcoming holiday season.Shopify president Harley Finkelstein said the company's strong beat shows it's gaining market share among e-commerce companies. He said the company has attracted an increasing number of key retailers like Reebok, Hanes, and Vera Bradley."Shopify is increasingly the go-to platform of choice, not just for entrepreneurship, but for all of commerce. We are well positioned for extensive growth across different merchant segments, size, geographies, channels and products," Finkelstein said on a call with investors.The company is also making headway in <a target="_blank" class="" href="https://www.businessinsider.com/shopify-ai-use-boosts-efficiency-shakes-up-staff-structure-2024-5">incorporating new technology</a>, launching an AI assistant and AI-powered tools for merchants.Analysts from Citi said they have a bullish outlook for the stock, citing a large addressable market, secular tailwinds, and large-scale growth.The latest earnings add fuel to what has already been a hot streak for Shopify stock, which is up over 43% this year. Canada's benchmark index has soared over 19% in 2024.

Shopify's 25% gain sends Canada's benchmark stock index to all-time highs

Benchmark <keyword id="19963565" type="General" weightage="20" keywordseo="equity-indices" source="keywords">equity indices</keyword> <keyword id="19896382" type="General" weightage="100" keywordseo="Sensex" source="keywords">Sensex</keyword> and <keyword id="19896381" type="General" weightage="20" keywordseo="Nifty" source="keywords">Nifty</keyword> hit their fresh all-time closing high levels on Monday, tracking <keyword id="20072947" type="General" weightage="20" keywordseo="foreign-fund-inflows" source="keywords">foreign fund inflows</keyword> and a rally in the <keyword id="20577663" type="General" weightage="20" keywordseo="US-markets" source="keywords">US markets</keyword>. The US rate cut hopes and renewed foreign fund inflows are fuelling the recent rally in domestic equities, traders said. Surging for the 10th straight session, the 30-share <keyword id="19950208" type="General" weightage="20" keywordseo="BSE-Sensex" source="keywords">BSE Sensex</keyword> jumped 194.07 points or 0.24 % to settle at an all-time closing high of 82,559.84. During the day, it surged 359.51 points or 0.43 % to reach a new intra-day record peak of 82,725.28. The <keyword id="19950205" type="General" weightage="20" keywordseo="NSE-Nifty" source="keywords">NSE Nifty</keyword> climbed 42.80 points or 0.17 % to settle at a lifetime closing high of 25,278.70, taking its winning run to the 13th day in a row. During the day, it soared 97.75 points or 0.38 % to hit a fresh all-time intra-day peak of 25,333.65. Among the 30 Sensex firms, <keyword id="19950210" type="General" weightage="20" keywordseo="Bajaj-Finserv" source="keywords" meta.keywordsubtype="org" meta.entityname="Bajaj Finserv" meta.hostid="261" meta.entityid="Bajaj Finserv">Bajaj Finserv</keyword>, Bajaj Finance, HCL Tech, IndusInd Bank, ITC, UltraTech Cement, Axis Bank and Infosys were the biggest gainers. On the other hand, Tata Motors, NTPC, Mahindra &amp; Mahindra, Bharti Airtel, Larsen &amp; Toubro and Power Grid were among the laggards. In Asian markets, Seoul and Tokyo settled in the positive territory, while Shanghai and Hong Kong ended lower. European markets were trading in the negative territory. The US markets ended higher on Friday. Foreign Institutional Investors (<keyword id="19950996" type="General" weightage="20" keywordseo="FIIs" source="keywords">FIIs</keyword>) bought equities worth Rs 5,318.14 crore on Friday, according to exchange data. "The market has entered a zone of steady but mild up-move caused by the accumulation of quality large-caps. FIIs turning buyers last week mainly due to some large bulk deals also has improved sentiments in the market," said VK Vijayakumar, Chief Investment Strategist, Geojit Financial Services. Global oil benchmark <keyword id="20025497" type="General" weightage="20" keywordseo="Brent-crude" source="keywords">Brent crude</keyword> climbed 0.14 % to USD 77.04 a barrel. Gross GST collections in August grew 10 % to about Rs 1.75 lakh crore, reflecting higher domestic consumption. In its best winning streak since its launch in 1996, the NSE Nifty soared 83.95 points or 0.33 % to hit a new lifetime closing high of 25,235.90, taking its victorious run to the 12th day in a row. Said Shrikant Chouhan, Head Equity Research, Kotak Securities, "today, the benchmark indices registered a fresh all time high of 25,333.65/82,725.28, the Nifty ends 43 points higher while the Sensex was up by 194 points. Among Sectors, FMCG index rallied 0.88% whereas Metal index shed over 1%. Technically, after gap up opening market witnessed some intraday profit booking at higher levels. "However, the short-term texture of the market is still in to the positive side. Additionally, on intraday charts market is still holding higher high and higher low series formation, which supports further uptrend from the current levels. We are of the view that, 25200/82350 would act as a sacrosanct support zone for the day traders. As long as it is trading above the same, the bullish sentiment is likely to continue. On the higher side, it could move up till 25,400-25,425/82800-83000. On the flip side, below 25,200/82,350 traders may prefer to exit out from the trading long positions. Below the same, the market could slip till 25,100-25,050/82,000-81,800", he continued.

Sensex, Nifty hit fresh all-time high levels, as Sensex closes over 82k, Nifty crosses 25k mark

Mumbai: The rupee slipped 1 paisa to an all-time low of 84.40 against the US dollar in early trade on Wednesday, as persistent <keyword id="20520117" type="General" weightage="20" keywordseo="foreign-fund-outflows" source="keywords">foreign fund outflows</keyword> and a muted trend in domestic equities weighed on the local unit. Forex traders said the USDINR pair has shown significant volatility in recent sessions, with the rupee inching closer to its all-time low of 84.40. This downward pressure is largely driven by global factors, particularly the Dollar Index's strengthening. At the interbank foreign exchange, the rupee opened at 84.40 against the greenback, registering a fall of 1 paisa over its previous close. On Tuesday, the rupee fell 1 paisa to a new lifetime low of 84.39 against the US dollar. "It appears that the rupee has established support around the current levels, with depreciation limited near 84.50," CR Forex Advisors MD Amit Pabari said. Pabari further added that the RBI stands tall as the depreciation in the rupee seems to be limited as the <keyword id="19899810" type="General" weightage="100" keywordseo="Reserve-Bank-of-India" source="keywords" meta.keywordsubtype="org" meta.entityname="Reserve Bank of India" meta.hostid="261" meta.entityid="Reserve Bank of India">Reserve Bank of India</keyword> (RBI) continues to sell the dollars to protect the sharp depreciation. "For the 5th consecutive week, India's forex reserves declined, possibly due to RBI selling the dollars. Currently, the forex reserves of India stand at USD 682 billion down from the recent all-time high of USD 704 billion," he said. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading lower by 0.04 per cent at 105.98. Brent crude, the global oil benchmark, rose 0.25 per cent to USD 72.07 per barrel in futures trade. On the domestic equity market front, Sensex was trading 210.66 points, or 0.27 per cent lower, to 78,464.52 points. The Nifty fell 100.45 points, or 0.42 per cent, to 23,783.00 points. Foreign Institutional Investors (FIIs) were net sellers in the capital markets on Tuesday, as they offloaded shares worth Rs 3,024.31 crore, according to exchange data. On the macroeconomic front, retail inflation breached the Reserve Bank's upper tolerance level, soaring to a 14-month high of 6.21 per cent in October mainly on account of rising food prices. Inflation based on the consumer price index (CPI) was 5.49 per cent in September and 4.87 per cent in the year-ago month. India's industrial production expanded by 3.1 per cent in September after recording a contraction in the preceding month, as all three major segments -- mining, manufacturing, and power generation -- showed improvement. However, the growth in the Index of Industrial Production (IIP) during the month was lower than 6.4 per cent registered in September 2023.

Rupee falls 1 paisa to all-time low of 84.40 against US dollar in early trade

<ul class="summary-list"><li><a target="_blank" class="" href="https://www.businessinsider.com/jeff-bezos-congratulates-donald-trump-election-win-washington-post-2024-11">Jeff Bezos</a> is the richest he's ever been.</li><li>The Amazon founder's net worth soared to an all-time high of $228 billion on Wednesday, per Bloomberg's Billionaires Index.</li></ul>The rich are getting richer since Donald Trump was elected president, and Jeff Bezos is no exception.His net worth hit a record high of $228 billion on Wednesday, according to the <a target="_blank" class="" href="https://www.bloomberg.com/billionaires/profiles/jeffrey-p-bezos/?embedded-checkout=true">Bloomberg Billionaires Index.</a> That's up $7 billion from his previous high of $221 billion, which he first reached in July and again on Tuesday.<a target="_blank" class="" href="https://www.businessinsider.com/amazon-stock-earnings-report-call-live-updates-2024-10">Amazon's stock</a>, which had already jumped last week on the back of a strong earnings report, surged following Tuesday's election, closing at an all-time high share price of $207.09 on Wednesday. The rally helped the Nasdaq 100, the index on which Amazon is listed, reach a record high.The vast majority of Bezos' fortune is tied to the company's stock, which is up more than 40% year-to-date; he owns more than 926 million of the company's shares or just under 9% of Amazon's stock.The fortunes of the world's five richest people — including Bezos — soared along with the market on Wednesday after <a target="_blank" class="" href="https://www.businessinsider.com/trump-2024-election-win-5-stats-to-explain-result-2024-11">Trump won the presidential election</a>. Collectively, the billionaires gained nearly $53 billion by the end of the day's trading, which saw investors betting on less regulation and corporate tax cuts under a second Trump administration.Bezos is the second-richest person in the world, topped only by <a target="_blank" class="" href="https://www.businessinsider.com/trump-won-election-what-that-means-for-elon-musk-2024-11">Elon Musk</a><a target="_blank" href="https://www.businessinsider.com/trump-won-election-what-that-means-for-elon-musk-2024-11">, a vocal supporter of Trump's campaign.</a> The Tesla CEO's net worth climbed $26.5 billion on Wednesday to reach $290 billion, per Bloomberg.<a target="_blank" class="" href="https://www.businessinsider.com/jeff-bezos-congratulates-donald-trump-election-win-washington-post-2024-11">Bezos congratulated Trump</a> on his win on Wednesday, calling it an "extraordinary political comeback."The billionaire had not endorsed a candidate this presidential cycle — and had guided <a target="_blank" class="" href="https://www.businessinsider.com/washington-post-donald-trump-kamala-harris-endorsement-bezos-why-matters-2024-10">The Washington Post,</a> which he owns, to do the same. The controversial decision of the paper not to endorse a presidential candidate for the first time in decades led to a number of resignations from the paper and reportedly caused more than 250,000 people to cancel their subscriptions.Both Musk and <a target="_blank" class="" href="https://www.businessinsider.com/jeff-bezos-blue-origin-space-election-elon-musk-nasa-2024-10">Bezos had stakes in the election</a>: Their private space companies, SpaceX and Blue Origin, respectively, rely on government contracts. Bezos' Blue Origin was chosen in June to be a preferred provider for $5.6 billion worth of Pentagon contracts and was awarded a $3.4 billion contract by NASA last year.

Jeff Bezos' net worth hits all-time high fueled by Amazon shares getting Trump bump

The BSE benchmark <keyword id="19896382" type="General" weightage="100" keywordseo="Sensex" source="keywords">Sensex</keyword> hit the historic 76,000-mark for the first time on Monday and the <keyword id="19950205" type="General" weightage="20" keywordseo="NSE-Nifty" source="keywords">NSE Nifty</keyword> hit its new all-time peak in tandem with a rally in <keyword id="19908188" type="General" weightage="20" keywordseo="global-markets" source="keywords">global markets</keyword> and optimistic investors' sentiment days ahead of the results of the <keyword id="19912155" type="General" weightage="20" keywordseo="Lok-Sabha-polls" source="keywords">Lok Sabha polls</keyword> announcement. The 30-share <keyword id="19950208" type="General" weightage="20" keywordseo="BSE-Sensex" source="keywords">BSE Sensex</keyword> climbed 599.29 points to an all-time peak of 76,009.68 during the afternoon trade. The NSE <keyword id="19896381" type="General" weightage="20" keywordseo="Nifty" source="keywords">Nifty</keyword> went up by 153.7 points to hit a new <keyword id="988084" type="General" weightage="20" keywordseo="lifetime-high" source="Orion">lifetime high</keyword> of 23,110.80. From the Sensex firms, IndusInd Bank, Axis Bank, HDFC Bank, Larsen &amp; Toubro and ICICI Bank were among the major gainers. Wipro, NTPC, Maruti and Mahindra &amp; Mahindra were among the laggards. In Asian markets, Seoul, Tokyo, Shanghai and Hong Kong were trading in the positive territory. Wall Street ended with gains on Friday. The results of the ongoing general elections will be declared on June 4. Global oil benchmark Brent crude climbed 0.13 per cent to USD 82.23 a barrel. Foreign Institutional Investors (FIIs) offloaded equities worth Rs 944.83 crore on Friday, according to exchange data. On Friday, the BSE benchmark dipped 7.65 points or 0.01 per cent to settle at 75,410.39. The Nifty breached the 23,000 mark for the first time on Friday. It, however, pared all the gains and ended with a marginal decline of 10.55 points or 0.05 per cent at 22,957.10.

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Sensex surges to record high, gains 400 points; Nifty reaches all-time peak

ANI

Sensex soars to 84,928, Nifty settles at 25,939 as stock market closes at all-time high

ANI

Indian markets surging to all time highs today: What's happening post Fed decision?

Ira Alok Puranik

Shopify's 25% gain sends Canada's benchmark stock index to all-time highs

Kelly Cloonan

Sensex, Nifty hit fresh all-time high levels, as Sensex closes over 82k, Nifty crosses 25k mark

BI India Bureau

Rupee falls 1 paisa to all-time low of 84.40 against US dollar in early trade

PTI

Jeff Bezos' net worth hits all-time high fueled by Amazon shares getting Trump bump

Sarah Jackson,Madeline Berg

Sensex hits 76,000-mark for first time; Nifty reaches new all-time peak

PTI

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