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Rs 10 lakh crore wiped off! Sensex crashes 1,500 pts; Nifty near 23,150. 6 key factors behind today's D-St - The Economic Times

Rs 10 lakh crore wiped off! Sensex crashes 1,500 pts; Nifty near 23,150. 6 key factors behind today's D-StThe Economic Times

Nifty IT hurtles toward historic 8-week bloodbath: AI death knell or ultimate bear trap?

Indian IT stocks are experiencing an unprecedented losing streak. This has wiped out significant market value and ignited a debate about artificial intelligence's future impact. Some investors see a major buying opportunity amid the sell-off. Foreign investors have exited, but one large mutual fund is aggressively buying. Analysts are divided on the sector's outlook.

Sensex Today | Stock Market LIVE updates: GIFT Nifty down 150 points, Max Financial Services in focus

Stock Market LIVE Updates: Every upmove on the Nifty is getting sold into. That has been the texture of this market for most parts of the last two weeks. Thursday was no different. Adding to that is the return of oil at $100 a barrel, despite the US allowing temporary purchase of Russian oil already at sea. Reversing the sell-on-rallies template will be the first priority for the Nifty bulls. For the Nifty, which has already entered a "technical correction," Thursday's panic low of 23,556 becomes the first important level to watch on the downside, Watch this space for all the LIVE Updates.

INR recovers from record lows but settles beyond 92/$ mark

The Indian rupee recovered from record low levels and settled with a loss of 16 paise at 92.17 (provisional) against the US dollar on Thursday as global crude oil prices stayed on an upward trajectory amid the raging war in West Asia. A stronger greenback and volatility in the domestic equity markets further weighed on the rupee, which was already on a weak footing in early trade due to heavy foreign fund outflows. Indian shares fell sharply on Thursday to extend losses from the previous session as the prospect of a quick end to the war in West Asia thinned and trade tensions resurfaced. At close, the Sensex declined 829.29 points, or 1.08 per cent, to settle at 76,034.42, taking its two-day decline to 2,171.56 points. While the Nifty slipped 227.70 points, or 0.95 per cent, to close at 23,639.15, it slipped 2.56% in two sessions. At the interbank foreign exchange, the local unit opened at 92.25 but kept slipping to touch its record intra-day low against the greenback at 92.36. ...

Ahead of Market: 10 things that will decide stock market action on Thursday

Indian stock markets, Sensex and Nifty, experienced a significant downturn on Wednesday. Both indices closed nearly 2% lower. This decline followed a surge in crude oil prices and heightened tensions in West Asia. Foreign fund outflows and selling in major bank stocks also contributed to the market's fall. Investors are now awaiting key inflation data from the US and India.

Qualcomm Ventures eyes India startups to build low-cost AI for the world

Qualcomm Ventures' new $150 million fund will back founders building lower-cost AI applications, robotics and edge technologies

All you need to know about a SBI MF’s plan for a ₹13,000 crore IPO

The fund house is looking at an IPO size of Rs 13,000 crore — making it one of the largest financial services IPOs in the country.

Stock Market News Today Live Updates: Nifty Below 24,150, Sensex Falls 400 Points; RIL Erases Opening Gains

The Nifty 50 hovered around 24,218, while the Sensex traded near 78,108 as investors assessed global cues and movements in crude oil prices.

Sensex falls over 500 pts, Nifty below 24,150 amid mixed global cues

Indian stock markets began Wednesday with minimal movement. The Sensex saw a slight increase, while the Nifty opened lower. Investors are closely watching the ongoing conflict between Iran and Israel-US. This cautious trading follows a sharp rebound in the previous session. Key sectors like Metal and Pharma showed gains, while Auto and FMCG faced declines.

Sensex Today | Nifty 50 | Stock Market Live Updates: Sensex drops over 500 pts, Nifty slips below 24,150; auto, financial stocks tumble

GIFT Nifty down 25 points; here's the trading setup for today's session

Indian benchmark indices concluded March 10 on a strong note, with the Nifty surpassing 24,250. Analysts anticipate consolidation between 24,500 and 23,700, with immediate support at 24,150. The India VIX saw a significant drop, while foreign investors were net sellers.

Everyone selling IT stocks after record crash, but this Rs 1.3 lakh crore mutual fund doing the exact opposite

While foreign investors fled India's IT sector, dumping Rs 17,000 crore in February, the PPFAS Flexicap Fund made a bold contrarian move. The fund aggressively bought shares in HCL Technologies, Infosys, and TCS, despite AI fears causing the Nifty IT index to plunge. This strategic accumulation contrasts sharply with analyst downgrades and widespread sector pessimism.