Tag: stock market updates

  • Sensex Ends 57 Points Lower After RBI Outcome; Nifty Settles Below 24,700 – News18

    Sensex Ends 57 Points Lower After RBI Outcome; Nifty Settles Below 24,700 – News18

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    On Friday, Indian benchmark indices, Sensex and Nifty, bounced back from early losses and edged higher in a volatile session

    Stock Market Updates

    Stock Market Updates

    Stock Market Today: The benchmark equity indices ended their 5-day winning streak and closed in the red after the Reserve Bank of India’s (RBI) Monetary Policy Committee, led by Governor Shaktikanta Das, decided to keep the repo rate unchanged at 6.5%.

    The Sensex settled lower by 56.74 points, or 0.07%, at 81,709.12, trading between 81,925.91 and 81,506.19. The NSE Nifty50 finished at 24,677.80, up 30.60 points or 0.12%. It reached an intra-day high of 24,751.05 and a low of 24,620.50.

    Among the Nifty50 stocks, 32 out of 50 ended in the red, with losses led by Adani Ports, Cipla, Bharti Airtel, HDFC Life, and IndusInd Bank, with declines up to 1.51%. Meanwhile, Tata Motors, Bajaj Auto, Axis Bank, BPCL, and Dr Reddy’s Labs were among the 18 stocks that posted gains, with increases up to 3.21%.

    The broader markets outperformed the benchmarks, with the Nifty Midcap100 and Nifty Smallcap100 indices gaining 0.45% and 0.82%, respectively.

    Global Cues

    However, benchmark equity indices on Wall Street dipped overnight, a day after all three major US stock indices closed at record highs, helped by comments from Federal Reserve Chair Jerome Powell that policymakers could potentially be a little more cautious in cutting rates further. The Dow Jones Industrial Average fell 0.55 per cent, to 44,765, the S&P 500 dropped 0.19 per cent, to 6,075 and the Nasdaq Composite lost 0.18 per cent, to 19,700.

    That apart, the closely watched US ISM survey showed services sector activity slowed in November after posting big gains in recent months. Benchmark 10-year Treasury yields were little changed as investors digested slightly higher jobless claims data. European stocks closed at a more than one-month high on Thursday.

    Meanwhile, markets in the Asia-Pacific region were mixed on Friday, tacking the lower overnight close on Wall Street.

    Japan’s Nikkei 225 was down 0.83 per cent, while the Topix was lower by 0.62 per cent. South Korea’s Kospi was down by 0.86 per cent, and the Kosdaq had shed more than 3 per cent. Australia’s S&P/ASX 200 was behind by 0.57 per cent. Hong Kong’s Hang Seng index was higher by 0.21 per cent, and the CSI 300 was 0.13 per cent higher, while the Shanghai Composite was ahead by 0.16 per cent.

    News business » markets Sensex Ends 57 Points Lower After RBI Outcome; Nifty Settles Below 24,700

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  • Stock Market Updates: Sensex Jumps Over 250 Points, Nifty Above 25,000; Tata Motors Down 2% – News18

    Stock Market Updates: Sensex Jumps Over 250 Points, Nifty Above 25,000; Tata Motors Down 2% – News18

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    Indian benchmark indices BSE Sensex and Nifty 50 opened higher on Thursday, tracking overnight gains on the Wall Street.

    At opening bell, the BSE Sensex was up 250 points, or 0.31 per cent, at 81,717, while the Nifty 50 was at 25,069, up 87 points, or 0.35 per cent.

    Global Cues

    Markets in the Asia-Pacific region were mostly higher, following gains on Wall Street that saw the S&P 500 and Dow Jones Industrial Average hit life highs as investors shook off geopolitical concerns.

    Hong Kong’s Hang Seng Index was up 2..68 per cent, while mainland China’s Shanghai Composite was up 0.81 per cent and

    CSI 300 was up 0.54 per cent.

    Japan’s Nikkei 225 was trading 0.5 per cent higher, and South Korea’s Kospi was ahead by 0.52 per cent. Australia’s S&P/ASX 200 was up 0.66 per cent.

    US stocks added to gains after the minutes, with both the Dow and S&P 500 closing at record levels.

    The Dow Jones Industrial Average rose 431.63 points, or 1.03 per cent, to 42,512.00, the S&P 500 rose 40.91 points, or 0.71 per cent, to 5,792.04 and the Nasdaq Composite rose 108.70 points, or 0.60 per cent, to 18,291.62.

    In Europe, the STOXX 600 index closed up 0.66 per cent, buoyed in part by automakers.

    A rally in China stocks short-circuited, with both the Shanghai Composite index and CSI300 index suffering their biggest one-day percentage drops since February 2020.

    China’s main information office said the finance ministry will detail plans on fiscal stimulus to boost the economy at a news conference on Saturday.

    Aparna Deb

    Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious abo…Read More

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