Tag: stock market update

  • Sensex Falls 500 Points To Close Below 80,200, Nifty Settles Below 24,200 – News18

    Sensex Falls 500 Points To Close Below 80,200, Nifty Settles Below 24,200 – News18

    [ad_1]

    Last Updated:

    The 30-share BSE Sensex fell for the second straight session, nosediving 1,064.12 points or 1.30% to close at 80,684.45, slipping below the 81,000 mark.

    Traders attributed the decline to sustained foreign capital outflows and a negative trend in global markets, dampening overall sentiment.

    Traders attributed the decline to sustained foreign capital outflows and a negative trend in global markets, dampening overall sentiment.

    Stock Market Updates: Equity benchmark indices Sensex and Nifty stayed on the back foot for the third straight session on Wednesday as investors offloaded utility, capital goods and metal stocks amid foreign fund outflows.

    The 30-share BSE benchmark Sensex tumbled 502.25 points or 0.62 per cent to settle at 80,182.20, taking its downtrend to the third day. During the day, it tanked 634.38 points or 0.78 per cent to 80,050.07.

    The NSE Nifty declined 137.15 points or 0.56 per cent to 24,198.85.

    “The near-term market construct has turned weak, with FIIs turning sellers on rallies. Yesterday’s massive FII sell figure of Rs 6,410 crore in the cash market indicates that more selling is in store on market bounces.

    “The focus of global markets today will be the Fed decision expected tonight. A 25 bps rate cut is priced in by the market. So, the attention will be on the Fed commentary,” VK Vijayakumar, Chief Investment Strategist, Geojit Financial Services, said.

    From the 30-share blue-chip pack, Tata Motors, Power Grid, NTPC, Adani Ports, JSW Steel, ICICI Bank, Larsen & Toubro and Bajaj Finance were the main laggards.

    In contrast, Tata Consultancy Services, Reliance Industries, Tech Mahindra and HCL Technologies were the gainers.

    Foreign Institutional Investors (FIIs) offloaded equities worth Rs 6,409.86 crore on Tuesday, according to exchange data.

    In Asian markets, Seoul, Shanghai and Hong Kong settled higher, while Tokyo ended lower.

    European markets were trading in the positive territory in mid-session deals. Wall Street ended lower on Tuesday.

    Global oil benchmark Brent crude climbed 0.48 per cent to USD 73.67 a barrel.

    Falling for the second day in a row, the BSE benchmark tanked 1,064.12 points or 1.30 per cent to settle at 80,684.45 on Tuesday. The Nifty tumbled 332.25 points or 1.35 per cent to 24,336.

    News business » markets Sensex Falls 500 Points To Close Below 80,200, Nifty Settles Below 24,200

    [ad_2]

    Source link

  • Stock Market Updates: Sensex Falls 500 Points, Nifty Below 24,700 – News18

    Stock Market Updates: Sensex Falls 500 Points, Nifty Below 24,700 – News18

    [ad_1]

    Last Updated:

    Stock Market Updates: Benchmark indices were trading lower in the pre-opening session.

    Stock Market Updates Today: Check Sensex, Nifty Latest Movements On December 16

    Stock Market Updates Today: Check Sensex, Nifty Latest Movements On December 16

    Stock Market Updates: The Indian equity market opened on a subdued note on December 16, with benchmark indices trading in negative territory during the pre-opening session. Benchmarks traded in the red on Monday, dragged down by losses in key financial and information technology stocks.

    Benchmark indices declined in early trade in line with weak global cues and caution ahead of the WPI inflation data to be announced later in the day.

    Investors will focus on the US Federal Reserve’s monetary policy decision on Wednesday, particularly the outlook for rate cuts in the coming year.

    The 30-share BSE benchmark Sensex declined over 500 points to 81,584 around 12.20 pm. The NSE Nifty was trading at 24,607.95 points.

    From the 30-share Sensex blue-chip pack, JSW Steel, Titan, Bharti Airtel, Nestle, Mahindra & Mahindra, Tata Consultancy Services, NTPC and Sun Pharma were the biggest laggards.

    ITC, Reliance Industries, UltraTech Cement, Bajaj Finance, IndusInd Bank and Asian Paints were the gainers.

    India’s wholesale inflation eased to 1.9 percent in November, down from 2.4 percent the previous month, as food prices cooled off, according to government data released on December 16. Additionally, consumer inflation dropped to 5.5 percent in November, down from a 14-month high of 6.2 percent in the previous month, driven by cheaper vegetable prices. This easing of inflation is expected to have a positive impact on the stock market, potentially boosting investor sentiment as it signals lower pressure on consumer spending and economic stability.

    In Asian markets, Seoul, Tokyo and Hong Kong were trading lower while Shanghai quoted in the green.

    Wall Street ended mostly lower on Friday.

    Foreign Institutional Investors (FIIs) bought equities worth Rs 2,335.32 crore on Friday, according to exchange data.

    Global oil benchmark Brent crude dipped 0.31 per cent to USD 74.26 a barrel.

    The rupee fell 3 paise to 84.83 against the US dollar in early trade on Monday, dragged down by a muted trend in domestic equities and elevated crude oil prices.

    Forex traders said the rupee remains in a weakening mode due to dollar demand from importers and foreign banks.

    At the interbank foreign exchange, the rupee opened at 84.83 against the greenback, registering a fall of 3 paise over its previous close.

    [ad_2]

    Source link