.jpg "Heritage Foods Ltd, Backed by TDP, Continues Bull Run; Shares Surge 43%")
Last updated on November 29th, 2023 at 11:09 am
Markets At 03:00 PM
The stock market experienced a crash today as the Sensex plummeted by 1000 points, and the Nifty slipped below 17,250. IndusInd Bank also suffered a massive setback with a 6% drop in its stock value.
Stock Markets At 01:42 PM
The Indian stock market witnessed a sharp decline on Friday, with the benchmark Sensex tumbling over 650 points and the Nifty slipping below the 17,250 mark. This significant fall in the indices was led by a sharp sell-off in banking and financial stocks, with IndusInd Bank being one of the worst hit, falling over 6%. The overall sentiment in the market remained bearish due to concerns over rising inflation, interest rates, and global cues. Investors are advised to remain cautious and stay invested in quality stocks with a long-term investment horizon.
Stock Markets At 11:00 AM
S&P BSE Sensex opens in green, trades at 59,235.28, up by 100.15 points or 0.17% on Saturday, 13th March 2023 at 10:47 AM. The previous close was at 59,135.13, and the opening price was 59,033.77. The index recorded a high of 59,510.92 and a low of 59,011.36. The Indian stock market is witnessing a positive start, with banking and financial stocks leading the gains. Investors are optimistic about the economic recovery and upcoming earnings announcements.
Markets At 9:30 AM
The Indian stock market is expected to begin the week on a weak note, with both Sensex and Nifty50 likely to witness minor losses on Monday. This is due to negative movements in the global markets, which were impacted by the shutdown of US-based SVB Financial Group. The bank’s unsuccessful attempt to raise capital has raised concerns about contagion in the financial system. The Singapore Exchange (SGX) Nifty futures, an early indicator of the Nifty50 index, fell by 26.5 points or 0.2 per cent at the last count ahead of the opening bell in the Indian share market. Market experts have pointed out that the Nifty50 index has important support in the 17,250-17,350 range.
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