Sensex, Nifty head for longest winning streak since November [Reuters]
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Source: Reuters
Sensex, Nifty head for longest winning streak since November | Reuters 2 Min Read (Reuters) - Indian shares rose for a seventh straight session on Friday, in what could be their longest winning streak since November 2017, on the back of gains in index heavyweights such as Reliance Industries Ltd and ICICI Bank Ltd. Sentiment was also upbeat after retail inflation eased to a five-month low in March, but remained above the central bank’s medium-term target, supporting views that monetary policy is likely to remain unchanged at the next review in early June. “Ever since RBI (Reserve Bank of India) cuts its inflation trajectory, the equities have done well. And if this trend of falling inflation and reduction in bond yields continue, good signs await the equity markets,” said Vinod Nair, head of research at Geojit Financial Services. Investors now await January-March corporate results for future direction. Software services exporter Infosys Ltd will kick-start the March-quarter results se
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- Indian shares log third straight month of gains on strong quarterly results [Reuters]Reuters
- Indian shares set to open higher in line with global peers [Reuters]Reuters
- India's mobile payment landscape needs effective protection [Yahoo! Finance]Yahoo! Finance
- Indian shares set to open higher, tracking Asian peers [Reuters]Reuters
- India's ICICI Bank exposed thousands of credit cards to ‘wrong' users [TechCrunch]TechCrunch
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