Sensex tumbles over 900 points, Nifty below 24,000 as investors turn cautious amid rising border tensions
Indian benchmark equity indices, Sensex and Nifty, opened lower on Friday as investor sentiment weakened amid escalating tensions between India and Pakistan. Selling pressure was seen across all sectors. The BSE Sensex was down 971.41 points or 1.21 points at 79,363.40, while the Nifty50 declined 292.7 points or 1.21% to 23,981.1 around 10:08 am. The…
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Stocks to buy: HCL Tech, Nestle and Bajaj Housing on investors’ radar
Benchmark equity indices Sensex and Nifty advanced on Tuesday, marking their sixth straight day of rise helped by gains in banking and FMCG shares and foreign fund inflows. Stocks that were in focus include names like HCL Tech, which rose 0.6% and Nestle, which fell 2% and Bajaj Housing, whose shares rallied 0.5% on Tuesday….
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Sensex rises 200 points, Nifty tops 24,150 as RBI’s liquidity measures defy weak global cues
Indian benchmark indices Sensex and Nifty ticked higher on Tuesday, as the Reserve Bank of India’s (RBI’s) liquidity-enhancing measures helped counter weak global cues triggered by U.S. President Donald Trump’s continued criticism of the Federal Reserve chair Jerome Powell. The BSE Sensex was up 205 points, or 0.26%, at 79,613, while the Nifty50 rose 52…
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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…
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IT, bank stocks drag Sensex by 1,200 points over tariff fears; Nifty below 23,250
Indian benchmark indices traded lower on Tuesday, weighed down by banking and IT stocks, amid uncertainty over Donald Trump’s upcoming tariff announcement. The BSE Sensex was trading 1,218 points, or 1.57%, lower at 76,201. The Nifty50 was down 327 points, or 1.39%, trading at 23,192 around 11:53 am. From the Sensex pack, IT stocks like…
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Tech, auto heavyweights drag Sensex 200 points lower; Nifty below 23,600
Indian benchmark equity indices Sensex and Nifty50 traded lower on Friday led by losses in M&M and Infosys. However, markets may see intraday fluctuations amid foreign inflows and optimism over a domestic growth rebound. The BSE Sensex was trading 256 points, or 0.33%, lower at 77,361. The Nifty50 was up 67 points, or 0.27%, trading…
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Sensex drops 100 points on sell-off in IT stocks, Nifty below 23,200 mark
Indian equity indices opened in the red on Friday, snapping a four-session gaining streak, dragged by IT stocks amid concerns over discretionary spending in the U.S.The BSE Sensex was down 114 points, or 0.15%, at 76,234, while the Nifty50 slipped 14 points, or 0.06%, to 23,176 around 9:19 am. The Nifty IT index dropped over…
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Loading… recession? 6 market bugs crash IT stocks, Rs 88,000 crore deleted
India’s IT sector is in turmoil, with stocks plunging up to 33% from their peaks as mounting recession fears in the US, downgrades, and target price cuts rattle investors. The top 10 IT stocks have collectively lost Rs 88,000 crore in market value, dragging the Nifty IT index deep into bear territory. Tata Consultancy Services…
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Narayana Murthy’s family wealth erodes by nearly Rs 6,800 crore as Infosys enters bear market
Shares of Infosys Ltd tumbled 5.5% on Wednesday, extending a two-day slide of over 8% that pushed the IT giant into bear market territory. The sharp decline has not only rattled investors but also erased Rs 6,875 crore from the notional wealth of co-founder Narayana Murthy and his family. At its session low of Rs…
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