Nifty IT Logs Seventh Consecutive Gain, Best Streak Since January 2023

Hero MotoCorp plans to expand its EV range with new models in the mid and mass segments this fiscal year.

The company announced a final dividend of Rs 40 per share, bringing the total dividend for the fiscal year 2023-24 to Rs 140 per share, which includes interim and special dividends.

At 11.45 am on Thursday, the core equity indices i.e., Sensex and Nifty 50 were trading higher by 1.30 per cent each after reaching their day’s high of 1.57 per cent. This surge in their levels comes after Federal Reserve Chairman finally hiked the funds' rates by 50 basis points on Wednesday.   

Fed Chairman also made clear that it is not planning to hike the rates by 75 basis points in the upcoming meeting in June.