Indian benchmark equity indices Nifty and Sensex ended flat in a highly volatile session on Friday, while global markets advanced after Federal Reserve Chair Jerome Powell stated that “the time has come” to reduce interest rates. Speaking at the economic symposium at Jackson Hole, U.S., Powell explicitly endorsed an imminent policy easing, noting that further …
Indian benchmark equity indices closed marginally lower on Monday, dragged down by Reliance Industries and Wipro after the companies posted weaker-than-expected quarterly results, with volatility rising a day ahead of the budget.The NSE Nifty 50 fell 0.09% to 24,509, while the S&P BSE Sensex shed 0.13% to 80,502. Here’s how analysts the market pulse:“Nifty is …
Indian benchmark equity indices declined on Wednesday, weighed by banks on worries of moderation in their earnings and by Mahindra and Mahindra after it slashed prices of some cars.The benchmark NSE Nifty 50 fell 0.45% to 24,324 points, while the S&P BSE Sensex settled 0.53% lower at 79,924. Both the indices opened at record highs …
Indian benchmark equity indices plunged across the board on Tuesday, posting their worst session in more than four years, as voting trends showed Prime Minister Narendra Modi’s alliance fell short of a predicted landslide victory. The NSE Nifty 50 sank 5.9% and the S&P BSE Sensex tumbled 5.7%, posting their steepest decline on an election …
Indian shares rebounded in the final two hours of trade on Wednesday, led by a jump in public sector enterprises on the back of comfortable valuations while a drop in IT stocks after hot US inflation data capped the gains. The NSE Nifty 50 index rose 0.45% to 21,840, while the S&P BSE Sensex settled …