Thursday, July 25, 2024
Home News Markets record broad-based selling as focus shifts to RBI policy; Auto, IT...

Markets record broad-based selling as focus shifts to RBI policy; Auto, IT stocks extend losses

Market,

Tuesday saw a widespread sell-off in Indian markets as attention turned to the upcoming RBI policy. Auto and IT stocks continued to fall, while small-cap stocks continued to fall. Also, bears kept the market hold on fall in risk craving of financial backers and fall in FY23 tax breaks. In order to restore calm to the system’s failed lenders, banking stocks maintained a strong base during merger deals in the US.

The Sensex ended the day at 57,613.72, a decrease of 40.14 points, or 0.07%. The Nifty 50 ended the day at 16,951.70, down 34 points, or 0.2 percent.

IndusInd Bank, Power Grid, HDFC Bank, ICICI Bank, and HDFC were the top gainers on the Sensex.

Tech Mahindra, Tata Motors, Bharti Airtel, Wipro, Bajaj Finserv, HCL Tech, and Bajaj Finance were the Sensex’s biggest losers, losing between one and three percent.

.

RELATED ARTICLES

Markets end FY23 in style; Sensex Nifty rally nearly 2% on firm global trends

Market, The final day of the fiscal year 2022-23 saw gains for benchmark indices, with a gain of nearly 2% on Friday, extending gains for...

Day trading guide for today: 6 stocks to buy or sell on Friday — 31st March

Trading, Day trading guide for today: Indian shares gained on Wednesday as global markets' increased risk appetite was aided by easing in the banking industry....

Financial, IT stocks aid Indian shares snap three-month losing streak

Financial, By Bharat Rajeshwaran BENGALURU (Reuters) - Indian shares rose on Friday, supported by a higher weighting of financial stocks and information technology (IT) stocks,...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

SIGNUP & GET $10000 BONUS

Most Popular

Trading the Inside Bar Pattern on Pocket Option Platform

Inside Bar Pattern Introduction Price movement on a chart is examined in price action trading. You may use candlesticks to predict where prices will move...

“Unlocking the Secrets: 4 Tricks of Successful Traders on Pocket Option Platform”

For a year, I have been trading on the Pocket Option platform. I sometimes succeed and sometimes fail. However, I was confident that if...

Identifying Mistakes That Lead to Losses on Pocket Option

Why do people lose their money when trading binary options New traders frequently take a significant financial risk while trading binary options. As a result,...

Weekly Income Plan on Pocket Option Platform”

Get weekly returns on Pocket Option It turned out that October was a terrific month for me. I am still able to generate money every...

Recent Comments