July Market Wrap: Nifty 50 advances for 2nd straight month, gains 4%; IT stocks outperform

[ad_1] The Indian market concluded July on a robust note, extending their winning streak to a second consecutive month. This positive momentum has been driven by significant sector rotation, which has played a pivotal role in sustaining the indices at elevated levels. Despite some volatility experienced after the budget—prompted by the government’s increase in capital…

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Indian market achieves 8th consecutive week of gains, longest weekly winning streak in 14 years

[ad_1] Indian markets resumed their upward trajectory on Friday, rebounding from the heightened volatility triggered by the Union Budget 2024’s capital gains tax hike and an STT increase on derivatives. Despite less favorable global cues and foreign portfolio investors pulling out of Indian equities following the budget announcement, the indices staged a notable recovery. In…

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