Sensex, Nifty end lower; recover from day’s lows
Sensex and Nifty ended lower on Monday, dragged by IT and banking names. However, markets today saw a sharp recovery in the last hour of trade.
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Sensex and Nifty ended lower on Monday, dragged by IT and banking names. However, markets today saw a sharp recovery in the last hour of trade.
Top stocks to watch today are HDFC Bank, HDFC, Can Fin Homes, Sun Pharma, and RVNL.
Indian benchmark indices Sensex and Nifty today are expected to start in the red, as indicated by the SGX Nifty.
The Fed Policy Meet outcome, Crude Oil prices next week, and Nifty support at 16,800 will be the key aspects to track for markets next week.
The BSE Sensex gained 113.93 points, or 0.19%, to 60,620.83, while the NSE Nifty 50 gained 36.80 points, or 0.21%, to 17,801.40.
TCS shares jumped 2.13% to Rs 3280.50 in early trade on Monday, while Tata Steel rose 1.58% to Rs 117.40. Nifty Bank gained 0.20%, Nifty Pharma gained 0.88%, Nifty IT gained 1.34%, Nifty PSU Bank gained 0.52%, and Nifty Consumer Durables lost 0.33%.
Early in the session, the Sensex and Nifty trade down.
Stock Market in India: Equity indexes climbed in early trade on Tuesday, extending gains from the previous session.
Stock update: With the possible exception of Sun Pharma, all stocks on the 30-share Sensex were trading in the green, with Tata Motors leading the field, up 1.64 percent.
Stock Market in India: Equity benchmarks dipped in early trade on Tuesday, tracking primarily lowerAsian markets as investors fretted about a worldwide recession.
Equity benchmarks in India rose on Monday, snapping a two-session losing streak.
As Nifty Futures traded 50 points, or 0.26%, lower at 18925 on the Singapore Exchange, the SGX Nifty indicated that the domestic share market would have a negative opening.
In the opening hours of trading on Monday, equity benchmarks in India declined along with the sentiment of the world markets.
According to statistics gathered by Bloomberg, the S&P BSE Sensex in India has increased by 11% this quarter, which is the greatest result among national benchmarks in nations with stock markets worth at least $1 trillion.
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