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INR extends decline on a firm dollar overseas
The Indian rupee extended downside in opening trades on Tuesday as dollar stands tall on a hawkish Fed stance. Muted show in local equities tracking weakness in global counterparts also weighed on the currency although easing oil prices are seen capping further decline. NIFTY 50 is trading at 24,104.15, marginally up by 1.25 points (+0.01%) from its previous close while BSE SENSEX is holding around 77,073.40, down by 20.67 points (-0.03%). INR opened at Rs 94.73 per dollar and hit a low of 94.76 so far during the day. Yesterday, rupee depreciated more than 30 paise to close at 94.63 against the US dollar, weighed down by the strength of the American currency in the overseas market.
Sensex trades on choppy note, Nifty below 24,100 as IT stocks drag benchmarks lower
Indian stock markets saw a subdued trading session on Tuesday, with the Sensex and Nifty experiencing minor dips, primarily due to losses in IT stocks. Broader market indices, however, showed resilience. Analysts point to improving West Asian peace prospects and falling crude oil prices as positive for economic growth, though concerns remain about the monsoon's performance. Global cues, particularly the US Federal Reserve's upcoming commentary, will be closely watched.
Stock Market Today: Sensex Falls 70 Points, Nifty Slips To 24,089 As IT Stocks Drag - News18
Stock Market Today: Sensex Falls 70 Points, Nifty Slips To 24,089 As IT Stocks DragNews18
This tech indicator suggests market is at crossroads; what to expect next?
An analysis of Nifty 500 stocks, reveals that nearly 50 per cent of the shares trade on either side of the long-term 200-day moving average; thus suggesting that the market is at crossroads currently.
Stock Market News Today Live Updates: Nifty Slips Below 24,050 Amid F&O Expiry, Sensex Falls Over 150 Points; Vedanta Slides 5% After Block Deals
Nifty IT and Nifty Metal fell 1.22% each, leading losses among sectoral indices. Nifty Pharma rose 0.90%, while Nifty Media gained 0.52% and Nifty India Defence advanced 0.33%.
India’s biggest equity fund makes contrarian bet on IT stocks
India’s largest actively managed equity fund, PPFAS Flexi Cap, is increasing exposure to beaten-down IT stocks, taking a contrarian view on AI disruption fears. CIO Rajeev Thakkar argues pessimism is overdone, betting on productivity gains and valuation comfort even as the Nifty IT index heads for its worst year since 2008.
Stock market today: Gift Nifty hints muted start; US-Iran peace talks to crude oil prices - 8 stocks to buy
The Indian stock market is expected to open cautiously amid mixed global cues. Sensex and Nifty gained on Monday, driven by optimism over US-Iran peace talks, although Asian markets traded lower. Experts recommend a 'buy on dips' strategy for Nifty as key levels remain critical.
Sensex Today | Stock Market LIVE Updates: GIFT Nifty cuts gains, trades flat, IDFC First Bk in focus
Sensex Today | Stock Market LIVE Updates: For the Nifty, which traded in a 100-point range on Monday, the 24,000 level remains the key and a crucial psychological support at 23,900 - 23,800 zone. The Nifty Bank briefly crossed 58,000 on Monday but could not hold on, even though it remains close to those levels.
Stock Market LIVE: GIFT Nifty signals tepid open; Asia markets decline; Brent crude above $78
Sensex Today | Stock Market LIVE Updates, June 23: The GIFT Nifty indicated a tepid open for the Nifty50 index. Most Asian markets declined, tracking overnight losses on Wall Street
Nifty 50, Sensex prediction today: Check how Indian stock market is expected to trade on 23 June - Mint
Nifty 50, Sensex prediction today: Check how Indian stock market is expected to trade on 23 JuneMint
From Gift Nifty, US-Iran deal, bond yields to oil prices: 10 key things that changed for Indian stock market overnight - Mint
From Gift Nifty, US-Iran deal, bond yields to oil prices: 10 key things that changed for Indian stock market overnightMint
Dalal Street set for a firm opening as GIFT Nifty trades higher
Indian markets surged on Monday, with the Nifty closing higher, buoyed by positive US-Iran talks, falling crude prices, and strong global sentiment. Value buying in IT stocks and reduced market volatility also contributed to the rally. Analysts anticipate a continued positive outlook for Indian equities, driven by ongoing diplomatic progress and stable energy prices. Investors are advised to watch key technical levels as volatility may persist.