CLOSING BELL: Among sectors, the Nifty Metal, and PSU Bank indices dipped 2 per cent each, while the Nifty Pharma index gained 0.6 per cent
After jumping nearly 560 points during the session, the 30-share BSE index ended 37.70 points or 0.07 per cent lower at 57,107.52.
India VIX index jumps 6% to June level
The overall narrative of the market remains weak, especially following the cautiousness ahead of the RBI MPC due later this week, says a market analyst
Stock markets: Today's decline was the third consecutive fall for the two indices after US Fed's 75 bps rate hike on Wednesday night
In the past one month, Dish TV has zoomed 92 per cent as compared to a 1.2 per cent decline in the S&P BSE Sensex
The Nifty50 index fell 89 points, or 0.5 per cent, to close at 17,630. The India Vix index rose 2.6 per cent to finish at 18.82
BNP Paribas said it has a cautious stance on the Indian markets amid lack of positive catalyst for further earnings upgrades amid slowing global demand, lofty valuations and a slowdown in retail flows
Inflation remains a key risk for margins amid geopolitical tensions. But, analysts expect this to improve from the second half of FY23 due to declining commodity prices and strong order inflows
The dollar in the last three sessions rose 0.7 per cent against the rupee
Sensex less than 2% shy of new lifetime high
For the uninitiated, the Nifty Next 50 is the second-most important index after the Nifty50 as quite a number of ETFs track these two indices
Both indices ended the day off their intraday highs, with the Sensex finishing at 59,793, up 105 points or 0.18 per cent, while the Nifty50 at 17,833, up 35 points or 0.2 per cent
After Rain Industries' arm closed its operating unit in Europe, the company plans to develop other energy-related plans for other European production units
The Nifty, on the other hand, ended the session at 17,798, with a gain of 174 points, or 0.9 per cent
Benchmark BSE Sensex and Nifty ended lower on Wednesday after losses in rate-sensitive banking and auto shares amid weak global market trends as higher interest rate and recession fears hit investor sentiment. Extending losses for a second straight day, the 30-share Sensex declined by 168.08 points or 0.28 per cent to settle at 59,028.91. During the day, it fell 474.1 points or 0.80 per cent to 58,722.89. The broader NSE Nifty dipped 31.20 points or 0.18 per cent to 17,624.40. Analysts said growing worries over higher interest rates after positive US data hit the market sentiment. "The latest economic figures indicate that the US central bank would continue to raise interest rates," Vinod Nair, Head of Research at Geojit Financial Services said. From the Sensex pack, IndusInd Bank fell the most by 1.69 per cent. Mahindra & Mahindra declined 1.32 per cent, Maruti by 1.15 per cent, Bharti Airtel by 1.08 per cent. State Bank of India fell 0.95 per cent while Tata Steel, ICICI Bank .
Stock market has benefitted from retail participation
After rising over 320 points in intra-day trade, the 30-share BSE Sensex pared all gains to settle 48.99 points or 0.08 per cent lower at 59,196.99.
The international oil benchmark Brent crude jumped 2.81 per cent to $95.63 per barrel
Markets during the last week saw wild gyrations with the first three days seeing a sharp dip followed by a more than equally sharper rise and then yet another dip, to be back on neutral ground