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Benchmarks pare steep losses; Sensex slides 304 points, Nifty ends below 23,450
The domestic equity benchmarks staged a sharp recovery from intraday lows on Wednesday as bargain hunting emerged after the morning selloff. The Nifty, which slipped to an intraday low of 23,151.50, rebounded nearly 250 points and climbed back above the 23,400 mark in late trade. Sentiment improved as investors accumulated beaten-down stocks. However, caution persisted amid uncertainty surrounding U.S.-Iran ceasefire negotiations, which kept global energy markets volatile and crude oil prices elevated. Despite the recovery, the index settled below the 23,450 level, weighed down by weakness in IT and FMCG stocks. Analysts said the Nifty remains technically weak, with immediate support seen at 23,300 and resistance at 23,600.
Quick Wrap: Nifty IT Index falls 5.57%
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IT stocks drag markets lower; Sensex falls 304 points, Nifty ends under 23,450
The Sensex fell 304 points to close at 74,346, while the Nifty declined 78 points to settle at 23,406, ending below the 23,450 mark. The Nifty Bank index outperformed broader markets and closed higher for the second straight session, gaining 471 points to 54,186.
Sensex recovers 850 points from day’s low, Nifty closes above 23,400. One big reason behind sharp market rebound!
Indian stock markets staged a strong comeback on Wednesday afternoon. This recovery followed earlier sharp declines. Media reports indicated the government plans to cut taxes and remove ownership caps on certain bonds. This news significantly boosted investor confidence. The Sensex and Nifty recovered most of their morning losses. Foreign investors remained net sellers of Indian equities.
Swedencare stock rises after capital markets day update By Investing.com - Investing.com India
Swedencare stock rises after capital markets day update By Investing.comInvesting.com India
Devang Mehta prefers capital market stocks over IT sector
Devang Mehta, Deputy MD & CIO-Equity at Spark Private Wealth Management, said India’s ongoing shift toward investing through mutual funds, PMS, wealth managers and capital market platforms offers a long-term growth opportunity. While remaining cautious on large-cap IT stocks due to weak growth visibility, he prefers capital market-linked businesses, power automation, engineering, manufacturing and discretionary consumption sectors, citing their potential to benefit from structural trends over the next three to five years. Disclaimer: The views and tips expressed by investment experts on CNBCTV18.com are their own, not of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.
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.
Markets mayhem: Sensex dips 930pts intraday; Nifty below 23,230; here's why - Business Standard
Markets mayhem: Sensex dips 930pts intraday; Nifty below 23,230; here's whyBusiness Standard
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.
Stock Market Today: Why Are Markets Opening In The Red Despite Positive Global Cues? Nifty Slips Below 23,450, While Sensex Drops 264 Points in Early Trade - The Sunday Guardian
Stock Market Today: Why Are Markets Opening In The Red Despite Positive Global Cues? Nifty Slips Below 23,450, While Sensex Drops 264 Points in Early TradeThe Sunday Guardian
Why is market falling today? Sensex drops 700 points, Nifty below 23,300. 4 key factors behind today D-Street rout
Indian stock markets opened sharply lower, with Sensex and Nifty both declining nearly 1% in early trading. This downturn was driven by escalating Iran-US war uncertainties and continued foreign institutional investor selling. The market volatility index, India VIX, also saw a significant jump.