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Stock markets decline for 2nd day on selling in oil, gas, banking shares
Stock markets closed lower for the second consecutive day on Wednesday as investors remained cautious amid conflicting geopolitical signals from the West Asia and fresh foreign fund outflows. In a volatile trade, the 30-share BSE Sensex declined 141.90 points, or 0.19 per cent, to settle at 75,867.80, with 20 of its constituents ending higher and 10 with losses. During the day, it hit a high of 76,224.68 and a low of 75,748.21, gyrating 476.47 points. The 50-share NSE Nifty skidded 6.55 points, or 0.03 per cent, to end at 23,907.15. Sensex had dropped by 479.26 points and Nifty by 118 points on Tuesday. Financials, oil & gas, IT and private banking shares were the major drag while energy, metals, and auto shares advanced, capping the downside. Among 30 Sensex firms, HDFC Bank fell the most by 2.63 per cent. Infosys, ITC, Hindustan Unilever, Reliance Industries and ICICI Bank were also among the major laggards. Power Grid, Eternal, NTPC and Tata Steel were the major ...
INR settles on flat note amid renewed tensions between the US and Iran
The Indian rupee settled on a flat note, higher by 2 paise at 95.68 (provisional) against the US dollar on Wednesday, as renewed tensions between the US and Iran and delays in negotiations kept investors cautious. Meanwhile, an uptick in American currency and weak domestic markets also pressured the rupee. Attention has shifted toward the upcoming RBI Monetary Policy Committee meeting scheduled between June 3 and 5. At the interbank foreign exchange market, the rupee opened at 95.60 against the US dollar, and touched an intra-day low of 95.79 against the American currency. The BSE Sensex settled 141.90 points (0.19%) lower at 75,867.80, while the NSE Nifty 50 marginally dipped 6.55 points (0.03%) to close at 23,907.15.
Indices trade with small cuts; IT share decline for 2nd day
The Nifty traded below the 23,900 level. Financial Services shares extended losses for second consecutive trading session.
Do you know what an Offer for Sale (OFS) is? Here's a complete guide
An Offer for Sale (OFS) allows current shareholders to divest ownership in a publicly traded company via the stock exchange. It differs from an IPO as it does not issue new shares, preventing equity dilution and providing a quicker execution process.
Sensex, Nifty pare losses; metal shares advance for 6th day
The Nifty traded above the 23,950 mark. Metal shares extended gains for sixth consecutive trading session.
Stock Market News Today Live Updates: GIFT Points To Positive Open For Nifty, Sensex; Brent Crude Holds Near $99 A Barrel
The GIFT Nifty, an early indicator of Nifty 50's performance, traded at 23,928, compared to Tuesday's index close of 23,913.70.
Sensex slips 250 pts, Nifty at 24,000 as US strike on Iran dent sentiment; mid, smallcaps outperform
Benchmark indices Nifty and Sensex traded marginally lower on Tuesday, impacted by US attacks in southern Iran, reigniting fears of a prolonged conflict. Despite ongoing negotiations, markets remain cautiously optimistic, with Brent crude prices stabilizing and equities showing resilience, as evidenced by Monday's Sensex rally.
Stock Market News Today Live Updates: GIFT Nifty Points To Positive Open For Nifty, Sensex; Brent Crude Rises Above $98 A Barrel
The GIFT Nifty, an early indicator of Nifty 50's performance, traded at 24,140.50, compared to Monday's index close of 24,031.70.
Apollo Micro Surges 11%; Leads Defence Rally As Private Sector Push Lifts Stocks
The broader Nifty India Defence index also traded in the green, supported by gains in stocks such as Paras Defence
Nifty trades above 23,950 mark; PSU Bank shares advance for 5th day
The Nifty traded above the 23,950 mark. PSU Bank shares extended gains for fifth consecutive trading session.
Nifty Pharma, 4 others hit 52-week high since Iran war while Nifty fell 7%. Will the form continue?
Despite a challenging market backdrop fueled by geopolitical tensions and foreign fund outflows, five Indian sectors—Pharma, Energy, Defence, Capital Markets, and Metals—are showing remarkable strength. These sectors are hitting new highs, driven by structural earnings visibility and long-term growth tailwinds, indicating a fundamental shift beyond mere defensive plays.
Market opens on firm note; breadth strong
The Nifty traded above the 23,950 mark. All the sectoral indices are traded in green on the NSE with Auto, PSU bank and Oil & gas shares gaining the most.