The fresh sell-off on Monday pulled another 37 stocks below 200-DMA taking the total tally to 268
Investors' wealth eroded by Rs 76,196.54 crore on Wednesday, with the market witnessing a sell-off amid rising concerns over possible aggressive interest rate hikes to tame high inflation. The market capitalisation of BSE-listed companies -- which is also an indicator of wealth of investors -- tumbled Rs 76,196.54 crore to Rs 2,85,94,997.40 crore amid the 30-share Sensex falling 224.11 points or 0.37 per cent to 60,346.97 points. On Tuesday, when the markets had gained for the fourth straight session, the market valuation stood at Rs 2,86,71,193.94 crore. The 30-share index rebounded more than 1,200 points from the early lows before settling at 60,346.97 points, a loss of 224.11 points or 0.37 per cent compared to Tuesday's closing level. The broader NSE Nifty closed lower 66.30 points or 0.37 per cent at 18,003.75 points. The Sensex had plunged 1,150 points to a low of 59,417.12 points, while the Nifty declined to a low of 17,771.15 points in early trade on Wednesday, following d
India will soon come up with standards for shared-economy services players owing to the rising number of complaints from consumers
US inflation data, possibility of aggressive rate hikes, record low rupee, and intense selloff by foreign portfolio investors are among the key factors that thumped stocks lower
Lack of fresh positive cues is forcing investors to dump equities and switch to safer havens like gold, says an expert
A rally in the stock market tends to raise bond yields as money moves from the relative safer investment bet to riskier equity stock markets
Benchmark Sensex has dropped close to 15 per cent from its peak in October 2021.
13 stocks from the Nifty Midcap index and 18 from the Nifty Smallcap index hit fresh 52-weeks lows during the current week
Investors became poorer by Rs 11,23,010.78 crore in two days as domestic equity market continued to face severe drubbing amid a global selloff
Until we know when we will get rid of this virus and how our economies will regain strength, it will be too early to talk about recovery.
Banking, FMCG and energy shares came under heavy selling pressure
Morgan Stanley's downgrade follows similar moves by Nomura and UBS
Bond markets in the two countries are at opposite ends of the investment spectrum
Sees risk of sizeable sell-off in stocks
Investor wealth on Wednesday tumbled over Rs 3.27 lakh crore as markets witnessed massive selling pressure amid rising coronavirus cases in the country. The BSE benchmark index plunged 871.13 points or 1.74 per cent to close at 49,180.31. During the day, it declined 931.1 points to 49,120.34. Following the weak trend, the market capitalisation of BSE-listed companies tumbled Rs 3,27,967.71 crore to reach Rs 2,02,48,094.19 crore at the close of trade. "Indian market witnessed across-the-board selling amid high volatility owing to weak global cues and spike in covid cases," said Vinod Nair, Head of Research at Geojit Financial Services. M&M was the biggest loser from the BSE benchmark 30-share pack, declining 3.97 per cent, followed by SBI, Axis Bank, ICICI Bank, IndusInd Bank, ITC and L&T. Asian Paints and PowerGrid were the only gainers from the frontline companies pack. All sectoral indices ended lower, with BSE realty, metal, auto, banks, industrials and finance indices ...
The stock touched a high of Rs 128 and a low of Rs 101 on the NSE, where over Rs 1,500 crore worth of shares changed hands
A rise in commodity prices has fanned inflation risks, pushing bond yields higher. That apart, the US launched airstrikes in Syria on Thursday, which further dented global mood
10-year government bond yield hardened to 6.23 per cent on Friday, up 0.05 per cent from 6.18 per cent on Thursday, February 25
Among individual stocks, Lupin zoomed 3.4 per cent in the intra-day trade and hit a high of Rs 1,060, Sun Pharmaceuticals advanced 2 per cent, and Dr Reddy's Labs gained 1.7 per cent.
Over the last three sessions, the BSE Sensex has lost 1,444.53 points or 2.90 per cent and the NSE Nifty has shed 405.80 points or 2.8 per cent