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Axis Securities is optimistic about nine large-cap stocks across sectors like banking, financials, telecom, and IT, forecasting potential gains of up to 30%.

PNB rises 0.66% as Sensex climbs

Updated at : 2024-10-04 11:35:02

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The stock traded at a P/E multiple of 10.31, while the price-to-book value ratio stood at 1.34.

Divis Labs shares up 0.27% as Nifty gains

Updated at : 2024-10-04 11:35:02

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A total of 2,008 shares changed hands on the counter till 11:00AM (IST).

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Swaying with the pendulum of market mood can compel the investor to buy during a bubble and sell during a crash. But it is important to understand that such behavior will not lead to superior returns.

Blue-chip indices Sensex and Nifty50 opened lower for the fifth straight session, dragged down by weak global cues and declining financial stocks.

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In early trading on Friday, the Indian rupee steadied at 83.96 against the US dollar, bolstered by falling crude oil prices and a weaker dollar against major Asian currencies. However, subdued domestic equity markets and significant foreign fund outflows hindered its recovery. The local stock indices saw minimal movement, while FIIs continued their selling spree amid positive Chinese market developments.

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