Share Market Update:
Share Update on the Stock Market Today: IT Stocks Weigh Down, Sensex and Nifty Slightly Up Despite Volatility Update on the shares market today: Sensex and Nifty remain stable among fluctuations. BSE Sensex was up 137 points, or 61 points, at 10:20 am, the NSE Nifty50 was trading at 23,351, up 61 points.
Stock Market News
Stock Market News and Updates: Axis Bank, Bajaj Finserv, SBI See Gains, PowerGrid, UltraCemco, NTPC, and the 30-share Sensex also saw gains. In contrast, losses have been experienced by Tech Mahindra, Infosys, HCL Technologies, Wipro, Titan, and Hindustan Unilever (HUL).
Sectoral update
Sectoral Market Update: IT and Metal Sectors in Negative Zone; Nifty IT Index Down 1.04%, While Power, Realty, and Telecom Surge 1%. In the Previous Session on Friday, BSE Benchmark Closed at 76,693, Up 1,619 Points, While Nifty50 Settled 469 Points Higher at 23,290.
Global update
Asian Market Update: Tokyo Sees Green, Seoul Trades Lower; US Markets Closed Lower on Friday. According to exchange data, on Friday, foreign institutional investors (FIIs) bought stocks worth Rs 4,391.02 crore. Brent Crude, the global oil benchmark, climbs by 0.31% to $79.87 a barrel. Rupee descent Ten rupees rupee drops 10 paise to 83.50 against the US dollar on the strength of rising US yields and the dollar index. As Narendra Modi commences his third consecutive term as prime minister, a cloud of uncertainty looms. Forex traders attribute the strength of the US dollar in the global market to the rupee’s weakness. The rupee gained 13 paise to 83.40 against the US dollar on Friday.
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Gainers and Losers in Nifty
Gainers and Losers in Nifty Twenty-two of the fifty equities that make up the Nifty 50 were trading lower today. Tech Top drags were Mahindra, Infosys, Wipro, LTI Mindtree, and HCL Tech, whereas Power
Conclusion
Today’s share market update showcases a mixed trend, with marginal gains seen in both Sensex and Nifty indices amidst ongoing volatility. While sectors like power, realty, and telecom show positive momentum, the IT and metal sectors experience a downturn. Global markets, including Asian and US markets, exhibit varied performances, influencing investor sentiment. The Indian rupee sees depreciation against the US dollar amid rising US yields and the dollar index. As uncertainty looms with Narendra Modi’s third term as prime minister, staying informed about market trends becomes essential for making informed investment decisions.
