IT rout pushes Nifty below 23,400; Sensex drops over 300 points
Domestic benchmark equity indices opened lower on Thursday, dragged by IT stocks after Wipro forecast a decline in revenue for the April-June quarter amid tariff turmoil. The BSE Sensex was down 303 points, or 0.39%, at 76,741, while the Nifty50 slipped 114 points, or 0.49%, to 23,323 around 9:33 am. From the Sensex pack, HCL…
READ MORE
India VIX keeps Nifty’s 23,000 hopes on ice, says Geojit’s Anand James
Elevated levels of Dalal Street’s fear gauge, India VIX, suggest that caution is still lurking and making it tougher for Nifty to zoom past 23,000, says Anand James, Chief Market Strategist, Geojit Financial Services. Edited excerpts from a chat: Nifty saw sharp swings on both sides last week as Trump’s tariff-related news flow made it…
READ MORE
Nifty fear gauge India VIX jumps 6% amid renewed trade tensions
India’s fear gauge, the Volatility Index (India VIX), surged over 6% to 21.68 on Wednesday, signalling rising investor anxiety amid a sharp selloff in global equities and renewed trade tensions. The spike in volatility comes as U.S. President Donald Trump vowed to impose “major tariffs” on pharmaceutical imports, sending Indian pharma stocks tumbling up to…
READ MORE
From Ambani to Adani: India’s 4 richest billionaires lose over $10 billion in bloody Monday market crash
India’s top four billionaires—Mukesh Ambani, Gautam Adani, Savitri Jindal & family, and Shiv Nadar—saw their combined net worth fall by $10.3 billion on Monday, according to Forbes’ real-time billionaire list, as markets witnessed a sharp selloff. Mukesh Ambani, India’s richest individual, suffered the biggest hit with his wealth dropping by $3.6 billion to $87.7 billion….
READ MORE
Tariff shock turns FIIs to sellers in April. Analysts flag global risk but back India’s fundamentals
After a brief return of optimism in March, foreign institutional investors (FIIs) reversed course and turned net sellers in early April, rattled by a sudden escalation in global trade tensions. The trigger came on April 2, when U.S. President Donald Trump announced steep reciprocal tariffs, prompting a sharp correction in global equity markets and reigniting…
READ MORE
HCL, TCS, and other IT stocks rise up to 2% after Trump eases tariff worries
India’s IT sector rose nearly 2% on Tuesday, tracking overnight gains in U.S. tech stocks and global market relief after U.S. President Donald Trump signaled flexibility on planned tariffs, easing investor concerns over a potential trade war. Shares of all major Indian IT companies, which earn a significant portion of their revenue in U.S. dollars,…
READ MORE
Sensex rockets 3,000 points in a week, investors add Rs 22 lakh crore. Is it time to sell?
Led by a confluence of cooling bond yields, a topping-out of the dollar index, and a rupee rally that saw its best weekly gain in 2 years, Sensex has rallied over 3,000 points in just 5 trading sessions with investor wealth ballooning by Rs 22 lakh crore as the market capitalization of BSE-listed stocks shot…
READ MORE
Stock Market Holiday 2025: Are NSE, BSE open or closed today for Holi?
Indian stock markets will be shut on Friday on account of Holi, effectively giving investors a much needed long-weekend break from the current market slump. According to exchanges NSE and BSE, the trading in equities, derivatives, and all other segments will remain closed today. Indian markets will be closed for a total 14 days for…
READ MORE