When it comes to the Indian stock market, analysts are not following investors’ exuberance. A booming economy and encouraging corporate results have sent the benchmark S&P BSE Sensex racing past 22 record highs this year. While gains have accelerated in the past six weeks, analysts have failed to keep up, and the average price estimate for members of the gauge is now just 14 percent above their stock prices, the narrowest gap since February, data compiled by Bloomberg show.

The Nifty indices for small- and mid-cap stocks clocked gains for a 12th consecutive day on Monday and yielded returns of 8.9% and 7.3%, respectively during the period as investors lapped up beaten-down stocks from the two categories.

The 12-day rally has also helped both indices to pare their year-to-date (YTD) losses to 16.5% and 9.2%, respectively. From the beginning of 2018 to mid July, the two gauges fell by as much as 23.3% and 16%, respectively.

Although the bourses scaled their fresh all-time closing highs on Monday, the number of stocks hitting their 52-week lows were higher than the stocks hitting their respective 52-week high levels. On Monday, 92 stocks scaled to hit their respective 52-week highs, while 98 stocks hit their 52-week lows.

Domestic markets on Friday opened in green tracking the positive global cues. At 9:41 AM, Sensex was up by 37,413.27 points while Nifty was at 11,321.45 points. On Thursday, Sensex dropped over 200 points to 37,373.08 on heavy selling in metal, auto, banking, capital and realty stocks amid sustained capital outflows by foreign funds after the RBI yesterday hiked repo rate for the second time in two months.

Benchmark Sensex snapped its seven-session record setting spree to end 85 points lower today after the RBI hiked the policy rate on inflation concerns.

The Reserve Bank's Monetary Policy Committee raised the benchmark lending rate by 0.25 per cent for the second time in two months.

Benchmark Sensex slipped from life highs to fall over 100 points to 37,381.05 today as markets took a breather after six consecutive record-setting sessions.

Weak trend in other Asian markets, muted earnings and fresh foreign capital outflows weighed on investor sentiment here.

Benchmark Sensex slipped from life highs to fall over 100 points to 37,381.05 on Tuesday as markets took a breather after six consecutive record-setting sessions.

Weak trend in other Asian markets, muted earnings and fresh foreign capital outflows weighed on investor sentiment here.

The benchmark BSE Sensex on Monday opened at an all-time high of 37,491 points while Nifty20 traded above the 11,300 mark. At 9.40 AM, Sensex was at 37,413.15 points, up by 76.30 or 0.20 per cent and Nifty was at 11,302.10 points, up by 23.75 or 0.21 per cent.

Share Market Today: Indian stock markets (Sensex and Nifty) surged to record highs in the late afternoon deals with BSE Sensex and NSE Nifty finishing at all-time highs following the sharp rally in the shares of ITC, RIL, ICICI Bank, HDFC, HDFC Bank and Axis Bank. Both the key indices Sensex and Nifty edged higher in the late trade on the sustained upsurge in the shares of ITC, RIL, HDFC, ICICI Bank, HDFC Bank.

Mumbai: The National Stock Exchange (NSE) is understood to have sought the approval of the Securities and Exchange Board of India (Sebi) to extend the timing of derivatives trading till almost midnight.

In May, the market regulator had extended the trading time in equity derivatives till 11.55pm and it had said that the revised timings will be effective from October 1. Currently, trading is allowed from 9.15am till 3.30pm.

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