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Benchmarks trade with significant losses; media shares skid
The Nifty traded below 23,450 mark. Media shares declined after advancing in the past two consecutive trading sessions.
Stock Market Crash: Nifty, Sensex Down 1%, All Sectors In Red: Three Reasons Why Market Is Falling Today
The broader market is also facing pressure with the Nifty Smallcap 250 falling almost 0.54%, and the Nifty Midcap 150 dropping about 0.74%.
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%.
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.
Alkem Labs shares in focus as Goldman, Morgan Stanley, others purchase stake in Rs 930-crore block deal
Shares of Alkem Laboratories will be in focus after block deals worth around Rs 930 crore saw 17.88 lakh shares traded at Rs 5,200 apiece on Tuesday. Promoter-linked entities offloaded their stake, while domestic mutual funds and foreign institutional investors emerged as key buyers, signalling strong institutional participation. The company also launched semaglutide pre-filled syringes in India.
Stock Market LIVE: Sensex slumps 750 pts, Nifty below 23,300; India VIX up 9%; Nifty IT falls 4%
Sensex Today | Stock Market LIVE Updates Wednesday: In the broader markets, the Nifty MidCap, and the Nifty SmallCap were trading 0.67 per cent and 0.48 per cent down, respectively
Stock Market News Today Live Updates: GIFT Nifty Points To Muted Open For Nifty, Sensex; Brent Crude Gains Near $97 A Barrel
The GIFT Nifty, an early indicator of Nifty 50's performance, traded at 23,470, compared to Tuesday's index close of 23,483.55.
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.
CLSA sees no near-term breakout for Nifty, prefers midcaps on dips
CLSA's Laurence Balanco remains bullish on Indian midcaps, noting that the Nifty Midcap index has broken out of a prolonged consolidation phase since 2024, strengthening its technical outlook.
Dalal Street set to open lower amid sharp decline in GIFT Nifty
Indian equities faced pressure on Monday, mirroring Friday's weakness, with Nifty declining 0.7%. Analysts anticipate a range-bound market with a slight negative bias due to persistent FII selling and global uncertainties. Focus is expected to shift to stock-specific opportunities in the midcap segment.