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Market Wrap: Sensex falls 479 points, Nifty below 23,950 as bank stocks falter; small, midcaps shine
Indian benchmark indices Sensex and Nifty closed significantly lower on Tuesday, impacted by a downturn in banking, oil and gas, and pharma stocks. Investor sentiment shifted following U.S. strikes in southern Iran, reigniting Middle East conflict concerns. Broader markets, however, showed resilience, with midcap and smallcap indices posting gains.
Sensex, Nifty snap two-day winning streak as late selloff erases early gains
The Sensex declined 479 points to close at 76,010, while the Nifty fell 118 points to settle at 23,914, slipping below the 23,950 mark. The Nifty Bank index dropped 201 points to 55,093.
Indices witness profit booking; PSU Bank shares snap 5-day rally
. At 14:25 ST, the barometer index, the S&P BSE Sensex slipped 425.31 points or 0.55% to 76,064.72. The Nifty 50 index fell 97.80 points or 0.40% to 23,933.10.
Union Bank board approves ₹8,000 crore fund raise via equity and debt
Union Bank’s board approved plans to raise up to ₹8,000 crore through equity and debt instruments, as the lender looks to strengthen capital buffers despite pressure on core income growth.
Here are the top 10 leveraged stocks in India’s ₹1.23 lakh crore MTF book
India's Margin Trading Facility Book (MTF) has increased significantly to ₹1.23 lakh crore as of May 22, from just under ₹1.05 lakh crore at the end of March, according to data available on the National Stock Exchange. HDFC Bank, Jio Financial Services, and Infosys are some of the most leveraged stocks in the MTF Book, according to the data. The list also includes names such as SBI, Reliance Industries, Bharat Electronics, CDSL and others. Here's a look at the complete list.
Bandhan Bank Ltd spurts 2.35%, gains for third straight session
Bandhan Bank Ltd is quoting at Rs 201.6, up 2.35% on the day as on 12:49 IST on the NSE. The stock is up 19.33% in last one year as compared to a 3.34% drop in NIFTY and a 2.66% drop in the Nifty Private Bank index.
AU Small Finance Bank Ltd spurts 1.24%
AU Small Finance Bank Ltd is quoting at Rs 1011.7, up 1.24% on the day as on 12:49 IST on the NSE. The stock is up 44.28% in last one year as compared to a 3.34% drop in NIFTY and a 0.41% drop in the Nifty Bank index.
RBL Bank Ltd soars 0.03%, up for fifth straight session
RBL Bank Ltd is quoting at Rs 343.45, up 0.03% on the day as on 12:44 IST on the NSE. The stock is up 62.82% in last one year as compared to a 3.29% drop in NIFTY and a 2.64% drop in the Nifty Private Bank.
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.
Bank stocks gain on softer bond yields
Banking stocks rallied on Monday, led by public sector lenders, as a dip in government bond yields improved sentiment. The Bank Nifty and Nifty PSU Bank index saw significant gains, outperforming the broader Nifty. This relief rally was attributed to easing geopolitical tensions and softer crude oil prices, which also strengthened the rupee.
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.
Market Trading Guide: Buy Ram Ratna Wires and Tata Motors PV on Monday for gains up to 12%
Nifty extended gains for a third straight session, supported by buying in financials, energy and auto stocks. Analysts highlighted improving technical momentum and recommended Ram Ratna Wires and Tata Motors Passenger Vehicles after bullish breakout patterns, rising volumes and strengthening market sentiment indicated further upside potential.