Stock Market Closing: Nifty Slips Below 24,100 Ahead Of Close As Bank, Realty Stocks Weigh | Watch
The stock market remains range-bound as investors monitor escalating tensions in West Asia, with the benchmark index trading around the 24,100 mark. Global brokerage firms
The stock market remains range-bound as investors monitor escalating tensions in West Asia, with the benchmark index trading around the 24,100 mark. Global brokerage firms have turned positive on Indian markets, projecting the primary index to reach the 84,000 mark by the end of 2026, driven by the return of foreign institutional investor flows and lower oil prices. In the corporate sector, insurance shares tumbled following a sharp fall in first-quarter profits due to higher claims.
The government has hiked windfall taxes on diesel and aviation turbine fuel exports while cutting the levy on petrol exports. Additionally, draft fuel efficiency norms have been unveiled for passenger vehicles, tightening targets over the next five years and providing a compliance boost to electric and hybrid vehicles. The market remains resilient despite the renewed Middle East crisis and a spike in crude oil prices, supported by stabilized currency situations and attractive valuations for foreign investors compared to global technology sectors.
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