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INR slides further as renewed geopolitical tensions led to surge in crude oil prices
The Indian rupee depreciated 5 paise to close at 94.90 (provisional) against the US dollar on Monday, amid renewed geopolitical tensions between the US and Iran and surge in crude oil prices. Strength of the American currency in the overseas market and Israel-Lebanon tensions also deteriorated global risk sentiments. At the interbank foreign exchange market, the rupee opened at 94.93 against the US dollar, then touched an intraday high of 94.73 and a low of 95.03 during the day. Meanwhile, domestic markets also closed sharply lower due to escalating Middle East tensions, surging crude oil prices, and ongoing foreign institutional investor (FII) outflows. The BSE Sensex settled at 74,267.34, down by 508.40 points (0.68%), and the NSE Nifty 50 ended at 23,382.60, dropping 165.15 points (0.70%).
Sensex, Nifty end sharply lower amid Middle East tensions and risk-off mood
The S&P BSE Sensex dropped 508.40 points or 0.68% to 74,267.34. The Nifty 50 index fell 165.15 points or 0.70% to 23,382.60. In four consecutive trading sessions, the Sensex tanked 2.90% while the Nifty fell 2.70%.
Indices trade with significant cuts; FMCG shares decline
At 14:30 IST, the barometer index, the S&P BSE Sensex declined 458.03 points or 0.61% to 74,317.71. The Nifty 50 index fell 143.10 points or 0.61% to 23,403.35.
Stock Market Live Updates Today: BSE Sensex drops over 100 points, Nifty50 near 23,500; crude oil prices rise 2% - The Times of India
Stock Market Live Updates Today: BSE Sensex drops over 100 points, Nifty50 near 23,500; crude oil prices rise 2%The Times of India
Sensex slides 73 pts; PSU bank shares slides for 2nd day
At 12:28 IST, the barometer index, the S&P BSE Sensex, fell 73.35 points or 0.10% to 74,702.39. The Nifty 50 index fell 33.95 points or 0.14% to 23,513.80.
Market erases early gains; Nifty slips below 23,550
At 10:30 IST, the barometer index, the S&P BSE Sensex, shed 15.33 points or 0.01% to 74,752.52. The Nifty 50 index slipped 9.50 points or 0.04% to 23,538.25.
Stocks to buy or sell: Dharmesh Shah of ICICI Sec suggests buying Tata Power, Sona BLW shares on 1 June
Indian benchmark indices opened higher on June 1, supported by gains in IndiGo and Asian Paints. The NSE Nifty rose 0.38% and the BSE Sensex gained 0.36% amid positive Asian market sentiment and recovery after recent sell-offs.
Forget Equity Research? Radhika Gupta Lists The Real High-Growth Jobs In Finance
File image of Edelweiss Mutual Fund MD and CEO Radhika Gupta
Midcaps in a sweet spot? Why Nippon India’s Rupesh Patel sees a valuation correction despite new index peaks
Nippon India Mutual Fund's Rupesh Patel remains constructive on midcaps despite concerns over valuations, citing resilient earnings growth and improved valuation comfort after a prolonged time correction. He favours financials, consumer discretionary and select industrials, while emphasising a bottom-up stock-picking approach to navigate geopolitical and macroeconomic uncertainties.
Mcap of 7 of top-10 valued firms erodes by Rs 1.54 lakh cr; Reliance takes biggest hit
In a holiday-shortened last week, the BSE benchmark Sensex dropped 639.61 points, or 0.84 per cent, and the NSE Nifty declined 171.55 points, or 0.72 per cent.
Mcap of 7 top valued firms erodes by ₹1.54 trn, Reliance takes biggest hit
The combined market valuation of seven of the top 10 valued firms eroded by Rs 1.54 lakh crore last week, with Reliance Industries taking the biggest hit. In a holiday-shortened last week, the BSE benchmark Sensex dropped 639.61 points, or 0.84 per cent, and the NSE Nifty declined 171.55 points, or 0.72 per cent. From the top 10 pack, Reliance Industries, HDFC Bank, Bharti Airtel, ICICI Bank, Tata Consultancy Services (TCS), Bajaj Finance and Hindustan Unilever faced erosion in their valuations, while State Bank of India, Larsen & Toubro and Life Insurance Corporation of India (LIC) were the gainers. The market valuation of Reliance Industries dropped by Rs 46,078.3 crore to Rs 17,87,039.40 crore. HDFC Bank's valuation eroded by Rs 33,333.06 crore to Rs 11,46,641.84 crore. The valuation of Bharti Airtel tumbled Rs 25,408.96 crore to Rs 11,14,886.53 crore and that of TCS dived Rs 22,920.58 crore to Rs 8,15,480.75 crore. The market capitalisation (mcap) of Hindustan Unilever ...
F&O Talk: Nifty may stay range-bound; Sudeep Shah sees opportunities in banks, IT, picks 7 stocks
Indian stock markets experienced a sharp selloff on Friday, with Sensex and Nifty dropping over 1%, driven by passive fund flows from MSCI index reshuffles. Volatility surged as the market lost Rs 6 lakh crore in capitalization. Analysts suggest caution amid indecisiveness and a lack of strong directional momentum.