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Barometers end with deep cuts; Nifty settles below 23,450 mark
As per provisional closing data, the barometer index, the S&P BSE Sensex declined 303.67 points or 0.41% to 74,346.17. The Nifty 50 index slipped 77.95 points or 0.33% to 23,405.60.
IT stocks drag markets lower; Sensex falls 304 points, Nifty ends under 23,450
The Sensex fell 304 points to close at 74,346, while the Nifty declined 78 points to settle at 23,406, ending below the 23,450 mark. The Nifty Bank index outperformed broader markets and closed higher for the second straight session, gaining 471 points to 54,186.
Nifty trades below 23,350 mark; European mrkt decline
IT, realty and consumer durables shares declined while PSU bank and private bank shares advanced.
Oil India Ltd up for third consecutive session
Oil India Ltd is quoting at Rs 490.45, up 1.31% on the day as on 12:49 IST on the NSE. The stock is up 15.4% in last one year as compared to a 5.36% slide in NIFTY and a 12.24% slide in the Nifty Energy index.
IT Stocks Crash: TCS, Infosys and peers wipe out over ₹1.5 lakh crore of investor wealth
IT stocks have declined up to 9% on Wednesday, June 3, after witnessing a strong upmove over the two trade sessions. The Nifty IT index is down nearly 6%, with all 10 stocks trading with losses. Cumulatively, the stocks on the Nifty IT have wiped out over ₹1.5 lakh crore in investor wealth, with TCS contributing to more than half of that fall. Five out of the 10 Nifty IT constituents, TCS, LTM, Coforge, Persistent Systems and Tech Mahindra, are trading more than 5% down.
Sensex drops 738 pts; FMCG shares decline
At 11:30 IST, the barometer index, the S&P BSE Sensex, slipped 737.88 points or 0.99% to 73,846.14. The Nifty 50 index lost 198.70 points or 0.85% to 23,286.
Nifty Bank tumbles 600 points; IndusInd Bank, Yes Bank, SBI and other stocks fall up to 3%. What lies ahead?
The Nifty Bank index plunged over 1% on Wednesday, tracking the broader market selloff, with the gauge falling 626 points to 53,089. AU Small Finance Bank and IndusInd Bank led losses, while most PSU and private lenders traded lower. Weak sentiment extended across markets as the Sensex dropped over 1,100 points, the Nifty slipped below 23,300, and IT stocks fell by up to 7%.
Sensex tanks 848 pts; IT shares tumble
At 10:30 IST, the barometer index, the S&P BSE Sensex, dropped 848.36 points or 1.13% to 73,801.48. The Nifty 50 index tumbled 240.35 points or 1.02% to 23,244.75.
Barometers drop in early trade; Nifty trades below 23,300 level
At 09:30 IST, the barometer index, the S&P BSE Sensex, dropped 745.45 points or 1% to 73,904.39. The Nifty 50 index fell 240.40 points or 0.89% to 23,270.80.
TCS Share Price Slumps 7%, Infosys, HCL Tech Fall 3% As Nifty IT Snaps Two-Day Win Streak
Nifty IT index turned volatile amid profit booking witnessed in key counters and a technical reversal
Eternal to ICICI Bank: 15 stocks on Axis Securities buy list for June
Axis Securities has identified 15 stocks for investors to consider in June. These picks span large, mid, and small-cap segments, offering potential gains up to 44%. The brokerage remains optimistic about India's economy despite global challenges. Key recommendations include Eternal, Bharti Airtel, and ICICI Bank. Financials, consumption, and infrastructure-linked businesses are favored.
Why is market falling today? Sensex drops 700 points, Nifty below 23,300. 4 key factors behind today D-Street rout
Indian stock markets opened sharply lower, with Sensex and Nifty both declining nearly 1% in early trading. This downturn was driven by escalating Iran-US war uncertainties and continued foreign institutional investor selling. The market volatility index, India VIX, also saw a significant jump.