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Indian share market opens lower, auto and IT stocks drag

December 16, 2024 11:15 AM

Indian share market opens lower, auto and IT stocks drag

The Indian stock market opened in the red on Monday, with selling pressure observed in Nifty's auto, IT, PSU bank, pharma, and metal sectors. At around 9:32 am, the Sensex was trading at 81,876.95, down by 256.17 points or 0.31%, while the Nifty was at 24,705.60, declining by 62.70 points or 0.25%. Despite the decline, the market trend remained broadly positive. On the National Stock Exchange (NSE), 1,170 stocks were trading in the green, while 571 stocks were in the red. Akshay Chinchalkar o...

Share market closed for trading due to Maharashtra election

November 20, 2024 3:05 PM

Share market closed for trading due to Maharashtra election

The Indian stock market was closed on Wednesday for the Maharashtra assembly elections. On Tueday, the Indian equity markets ended a seven-day losing streak, closing higher after a volatile session. The Nifty rose to 23,500, supported by buying in the auto, realty, and media sectors amidst geopolitical concerns over Ukraine and Russia. The Sensex closed with a gain of 239 points, ending at 77,578.38. It had surged over 1,100 points during intraday trading but saw heavy profit booking in the la...

Global stocks rebound continues, yen slumps after BOJ talks down rate hikes

August 7, 2024 2:48 PM

Global stocks rebound continues, yen slumps after BOJ talks down rate hikes

European and Asian share markets rose on Wednesday, led by another bounce in the Nikkei, as the Bank of Japan unexpectedly turned cautious on rate hikes amidst market volatility, inducing a sharp fall in the yen. Europe's broad Stoxx 600 index rose 0.8% in early trading, and Nasdaq futures were up 0.9%, having edged lower earlier in the day on a 12% dive in AI darling Super Micro Computer after it missed earnings estimates. The Nikkei's 1.2% rise followed Tuesday's 10% rally, suggesting invest...

Indian shares rebound after volatile session

September 16, 2024 4:15 PM

Indian shares rebound after volatile session

Indian benchmark indices rebounded after opening with a decline on Monday. The Sensex climbed 0.20 per cent to close at 72,809.67, while the NSE Nifty50 finished 0.29 per cent higher at 22,120.05 after dipping to a low of 21,821. Among the top gainers in the Nifty 50 were Cipla, Asian Paints, Divi's Lab, Adani Ports, and Adani Enterprises, while Tata Motors, BPCL, Shriram Finance, ONGC, and NTPC saw losses. "The Nifty has formed a hammer pattern on the daily chart, indicating a potential bulli...

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