TARGET PRACTICE: Moving goalposts leave stocks swinging for the fences but striking out
Notably, stocks like Infosys, M&M, Bharti Airtel, TCS, and HCLTech were the top contributors to the downward pressure on the indices
Emkay anticipates a discretionary consumption recovery within two-to-three quarters, supported by a rebound in IT hiring, better liquidity conditions, and improved retail lending dynamics
From Donald Trump's tariff imposition to lower-than-expected capex allocation in Budget 2025 here are key reasons why the Sensex and Nifty fell
The Nifty has declined nearly 12% in the last four months. The NSE index has witnessed six significant price corrections in the last one decade, excluding the COVID-related panic sell-off; shows data.
Other key Asian markets also suffered heavy losses, with South Korea's Kospi, Hong Kong's Hang Seng, and Australia's ASX 200 all plunging between 3 per cent and 11 per cent.
Stock Market LIVE on Friday, August 2, 2024: BSE Sensex opened nearly 700 points lower at 81,158.99 levels while Nifty50 plunged 220 points to 24,789.
The concerns were raised in a meeting earlier this month, the people told Reuters, and have not been previously reported
Reliance Industries (8 per cent), Hindustan Unilever (7.9 per cent) and ITC (1.3 per cent) were the Indian companies that saw a drop in m-cap during the recently concluded quarter
Shares of HDFC Bank and Reliance Industries declined 4 per cent and 2.23 per cent, respectively, on Wednesday, September 20
Barring Adani Ports and Special Economic Zone, no other group company of Adani shows a favorable trend in the present technical structure,
The last time India's m-cap had slipped below $3 trn was last June; at the peak, the m-cap stood at nearly $3.67 trillion in January 2022. Current m-cap is 18 per cent below the peak
The collapse of several banks in the last two weeks has spread fears of contagion in global markets, but crypto markets saw a bull run, with Bitcoin climbing to its nine-month high on Monday
Stock investors' wealth eroded by more than Rs 2.67 lakh crore in early trade on Friday as the markets witnessed a sell-off amid weak global trends. The market capitalisation of BSE-listed companies, which is also an indicator of the wealth of investors, tumbled more than Rs 2,67,539.54 crore to Rs 2,61,63,222.07 crore due to a largely negative market. Of the 3,206 stocks traded, 1,966 stocks declined and 1,109 advanced while 131 remained unchanged. On Thursday, the market valuation stood at Rs 2,64,30,761.61 crore. In just an hour of trading on Friday, the key indices Sensex and Nifty were deep in the red, reflecting weak investor sentiments. The 30-share BSE barometer was trading 718.8 points or 1.20 per cent lower at 59,087.48 at 1015 hours. As many as 28 of its constituents were trading in the red. Tata Motors and Maruti bucked the trend and gained 0.73 per cent and 0.16 per cent respectively. Heavy selling in financials, banking, IT and capital goods shares triggered by weak
A Bloomberg report said that Credit Suisse Group AG has stopped accepting bonds of Gautam Adani's group of companies as collateral for margin loans
The sell-off in Adani Group firms has wiped out $45 billion of investors' wealth over the last two sessions after Hindenburg Research alleged "brazen stock manipulation"
Analysts say the correction is nothing to be worried about as it is typical of markets to consolidate after reaching new record highs
The sale comes as HSBC pursues a strategy of focusing its resources on its core markets, amid pressure from its biggest shareholder Ping An to improve its performance
Alphabet leads Big Tech sell-off after reporting slowdown in ad growth, Microsoft's cloud revenue softer than expected
Overseas funds dumped Rs 4,081 crore worth of shares of companies in the financial services sector, while IT shares worth Rs 1,665 crore were sold, according to data collated by primeinfobase.com