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Closing Bell: Sensex Falls 304 Points, Nifty 50 Ends Below 23,500; TCS Slumps 8.39% as Nifty IT Crashes 5.57% - Dalal Street Investment Journal
Closing Bell: Sensex Falls 304 Points, Nifty 50 Ends Below 23,500; TCS Slumps 8.39% as Nifty IT Crashes 5.57%Dalal Street Investment Journal
RBI MPC meeting begins today: Will RBI announce a rate hike as Middle East conflict threatens to drive inflation?
According to wealth management firm DSP Mutual Fund, the central bank is unlikely to announce a rate hike, instead, the bank is likely to follow a step-by-step sequence before pulling the trigger on rates to defend the currency.
INR depreciates further to one-week low as oil stays elevated amid Middle East turmoil
The Indian rupee depreciated further in opening trades on Wednesday as oil prices stay elevated, driving fears of inflationary pressures in future. INR opened at Rs 95.43 per dollar and hit a low of 95.65 so far during the day. Yesterday, rupee fell 15 paise to close at 95.34 against the US dollar, as global crude oil prices jumped and the American currency remained firm amid massive safe-haven inflows. Significant foreign fund outflows also weighed on the investor sentiments. Local equities continue to stay strained in early trades with BSE Sensex trading at 73,866.45, down by 783.39 points and NSE Nifty 50 trading at 23,247.90, down by 235.65 points.
Sensex tumbles over 1,100 points, Nifty below 23,200. 6 key factors behind today's D-Street rout - The Economic Times
Sensex tumbles over 1,100 points, Nifty below 23,200. 6 key factors behind today's D-Street routThe Economic TimesWhy is stock market down today? BSE Sensex, Nifty50 crash around 1% - top reasons for fallThe Times of IndiaSensex recovers 500 pts from day's low, but still down 0.9%: Three key reasons behind market paring lossesMoneycontrol.com
Sensex Today | Stock Market LIVE Updates: GIFT Nifty down 120 points; LTI Mindtree in focus
Sensex Today | Stock Market LIVE Updates: After the expiry moves, the bulls will now look to sustain above the mark of 23,500 and reclaim the losses made over Friday and Monday. Despite this recovery, the market texture remains wary and chartists see a bullish trend emerging only on a sustained move past 24,000.
S&P 500 posts longest winning streak since 1995 as tech drives another record close
Alphabet turned out to be the one stock that kept the S&P 500 and Nasdaq in check on Tuesday with a 3.5% drop on the back of its mega $80 billion fund raising plan.
Market Trading Guide: Parag Milk among two stock recommendations for Wednesday
Benchmark indices ended a volatile session near the 23,500 mark as buying emerged from key support levels. Analysts have recommended Chennai Petroleum and Parag Milk Foods for Wednesday, citing strong bullish breakouts, rising volumes, favorable moving average alignment and improving technical momentum.
HFCL, Acme Solar Holdings among 6 stocks that hit 52-week high; rally up to 64% in a month
HFCL, Acme Solar Holdings and four other BSE 500 stocks hit fresh 52-week highs on Tuesday, with HFCL leading the rally after surging 64% in the past month amid strong buying momentum.
INR settles lower as global crude oil prices stay elevated amid Middle East turmoil
The Indian rupee depreciated 15 paise to close at 95.34 (provisional) against the US dollar on Tuesday, as global crude oil prices jumped and the American currency remained firm amid massive safe-haven inflows. Significant foreign fund outflows also weighed on the investor sentiments. At the interbank foreign exchange market, the rupee opened at 95.16 against the US dollar, then touched an intraday high of 95.03 and a low of 95.37. Indian shares closed higher on Tuesday, staging a rebound after four days of losses as investors assessed mixed signals over the status of U.S.-Iran peace talks and awaited upcoming RBI rate decision. The Nifty 50 gained 100.95 points (0.43%) to close at 23,483.55, while the Sensex rose 382.50 points (0.52%) to settle at 74,649.84.
Sensex, Nifty snap 4-day losing streak; benchmark indices recover over 1% from intraday lows
The Sensex rose 383 points to close at 74,650, while the Nifty gained 101 points to end at 23,484. The market recovered more than 1% from the day’s lows during intraday trade. The Nifty traded above the 23,500 mark during the session.
Market wrap: Sensex rises 383 points, Nifty closes near 23,500 as IT stocks shine - The Economic Times
Market wrap: Sensex rises 383 points, Nifty closes near 23,500 as IT stocks shineThe Economic Times
Market wrap: Sensex rises 383 points, Nifty closes near 23,500 as IT stocks shine - The Economic Times
Market wrap: Sensex rises 383 points, Nifty closes near 23,500 as IT stocks shineThe Economic Times