Indian stocks fell on Monday, reflecting a global sell-off, driven by a strong U.S. jobs report, rising bond yields, and concerns over domestic earnings and valuations. Sensex dropped 1.36%, and Nifty lost 1.47%.
Both the benchmark Sensex and Nifty were trading lower at noon on Monday. At 12:00 p.m., the NSE Nifty 50 was down 0.88% at 23,227 points and BSE Sensex by 0.78% at 76,785. From HCLTech Ltd., PCBL Ltd., and Just Dial Ltd. to IndusInd Bank Ltd., here are the stocks that moved the most.
“Reducing U.S. jobless claims and potential policy shifts in the US indicate that the FED is not in a hurry to reduce interest rates in the near term. Looking ahead, the market is likely to focus on Q3 earnings, with expectations of improvement in earnings on a QoQ basis," Nair added.
According to data from trade association NASSCOM, the sectors revenue reached $254 billion in the year ending March 2024, with exports touching $200 billion. Management consulting company Gartner, meanwhile, forecasts that Indias IT spending will grow by 12.2% to reach $146 billion in 2024 and $203 billion by 2028.
Telangana government will lay the foundation stone for ’integrated residential schools’ on October 11, aiming to integrate students from various social backgrounds. The initiative will cost around ₹5,000 crore and is part of efforts to promote educational equality.
Indian benchmark equity indices, the Sensex and Nifty, experienced their fifth consecutive decline on Friday, recording their worst weekly performance in over two years. Escalating tensions in the Middle East and rising foreign outflows contributed to investor unease. The Nifty 50 index fell 0.93% to 25,014, while the S&P BSE Sensex decreased by 0.98% to 81,688.
Apr 18, 2024 / 12:30PM GMTOperator Ladies and gentlemen, good da and welcome to the Just Dial Limited Q4 FY24 earnings call. We are joined by Mr. VSS Mani, MD a
The Nifty50 index ended slightly higher on Wednesday after hitting a record 25,129.6, driven by IT stock gains and expectations of a US rate cut. Analysts suggest Nifty faces resistance near 25,075-100 and could remain volatile within the 24,750–25,250 range.
Indian equity indices closed higher on Wednesday amid market volatility, supported by gains in Consumer Durables stocks. NSE Nifty 50 and S&P BSE Sensex saw modest increases, while analysts highlighted possible intraday pullbacks.
Hrishikesh Yedve of Asit C. Mehta Investment, said, "Nifty witnessed heavy selling pressure after forming a spinning top pattern and ended with a red candle. A strong break below 24,000 will likely trigger further selling pressure in the index. On the downside, 23,300 and 23,000 will provide significant support for Nifty in the immediate term."
The NSE Nifty 50 settled at 24,801, while the S&P BSE Sensex ended at 81,343. Closing at over 24,800, Nifty surged 188 points on Thursday, forming a long bull candle on the daily chart. The 10-day EMA provided consistent support during periods of consolidation throughout the expiry session.