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Pharma, healthcare stocks drag markets amid volatility; Nifty and Sensex close week in green
The equity benchmark indices closed in the green on Friday (May 22) but could not fully hold intraday gains, with Sensex rising 232 points to 75,415 and Nifty gaining 65 points to 23,719.
INR rebounds well from historic lows as oil retreats from elevated levels; geopolitical risk and oil price sensitivity to cap upside
The Indian rupee rebounded 49 paise from its all-time closing low to settle at 96.37 against the US dollar on Thursday after crude oil prices retreated from elevated levels amid signs of easing geopolitical friction, alongside likely central bank intervention. Rupee had gained after the recent geopolitical developments, but investors are still gauging the geopolitical risk and oil price sensitivity in the background. The one-year forward market rate for the rupee touched the crucial 100/USD mark on Wednesday, indicating that currency markets are pricing in a weakening bias for the USD/INR pair over the next 12 months. Meanwhile, The Nifty 50 settled at 23,654.70 (down 4.30 points or 0.02%), while the BSE Sensex closed at 75,183.36 (down 135.03 points or 0.18%). The dollar index rose above 99.2 on Thursday, approaching again April-highs, as markets continued to track developments in the Middle East.
Closing Bell: Sensex Falls 135 Points, Nifty 50 Ends Flat at 23,654 as Rupee Jumped by 0.6% to Day Low - Dalal Street Investment Journal
Closing Bell: Sensex Falls 135 Points, Nifty 50 Ends Flat at 23,654 as Rupee Jumped by 0.6% to Day LowDalal Street Investment Journal
Market wrap: Sensex slips 1% from intraday high, Nifty closes near 23,650 as bond yields rise
Indian stock markets closed lower on Thursday. The Sensex and Nifty slipped from intraday highs due to expiry day volatility. Rising bond yields and foreign institutional investor selling also impacted trading. Despite some intraday recovery, markets ended in negative territory. Geopolitical issues and crude oil prices are key factors to watch.
Stocks to buy: Nagaraj Shetti recommends Sumitomo, Samvardhana Motherson shares to buy
The Indian stock market rose on 21 May amid falling crude oil prices and optimism over US-Iran negotiations. The Nifty 50 rose to 23,715 with potential for further upside above 23,850. Key stocks are showing bullish trends amidst overall market volatility.
Ahead of Market: 10 things that will decide stock market action on Thursday
Benchmark indices closed marginally higher on Wednesday, led by gains in banking and auto shares, while IT and FMCG stocks capped advances. Analysts said Nifty remains range-bound with weak sentiment persisting below key resistance levels, despite easing volatility and selective buying interest across sectors.
Brent Slumps 8% To Intraday Low, US Crude Below $100 As Iran Confirms Truce Talks Underway
Later, American President Donald Trump also reportedly said that Tehran and Washington were in their "final stages of talk".
Sensex rebounds 800 pts from day's low; Nifty ends above 23,650
The S&P BSE Sensex advanced 117.54 points or 0.16% to 75,318.39, recovering the day's low of 74,529.41. The Nifty 50 index jumped 41 points or 0.17% to 23,659.
Sensex settles 800 pts higher from day's low, Nifty ends above 23,650: 3 key reasons behind markets... - Moneycontrol.com
Sensex settles 800 pts higher from day's low, Nifty ends above 23,650: 3 key reasons behind markets...Moneycontrol.com
Stock market rebounds: Sensex recovers 790 points from day’s low, Nifty closes above 23,650 - The Economic Times
Stock market rebounds: Sensex recovers 790 points from day’s low, Nifty closes above 23,650The Economic Times
Stock market rebounds: Sensex recovers 790 points from day’s low, Nifty closes above 23,650
Indian stock markets staged a strong recovery, erasing morning losses. The Sensex and Nifty closed higher as oil prices dropped below $110 per barrel. Bond yields also eased from record highs. Investor sentiment improved broadly across market segments. The Indian Rupee, however, hit a fresh record low against the US dollar. Foreign investors resumed selling Indian equities.
Stock market rebounds: Sensex recovers 790 points from day’s low, Nifty closes above 23,650 - inkl
Stock market rebounds: Sensex recovers 790 points from day’s low, Nifty closes above 23,650inkl