D-Street sees new highs as Beijing homes in on mortgage rate cut

September 13, 2024

India’s key stock indices surged nearly 2% to all-time highs on Thursday, driven by China’s decision to cut interest rates on mortgages. The Sensex briefly crossed 83,000, led by gains in Bharti Airtel, NTPC, Mahindra & Mahindra and JSW Steel. The NSE Nifty also saw significant gains, closing at a record high.

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The combined market valuation of all the top-10 most valued firms plunged Rs 4,95,061 crore last week, in line with a bearish trend in equities,

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Unimech Aerospace IPO opens tomorrow. Price band, GMP among 5 things to know before subscribing

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