Stocks are taking a nosedive! With Sensex crashing nearly 1200 points, find out how foreign investors are stirring up the drama in the markets.
It’s a rollercoaster ride on the Indian stock trading floor as foreign portfolio investors (FPIs) resumed their notorious selling spree, triggering one of the biggest declines seen in the market lately. This week started with heavy hearts as major indices like the S&P BSE Sensex lost over 1200 points, while Nifty fell below the distressing mark of 24000. What’s the reason behind this so-called ‘bloodbath on D-Street’? Well, investors are feeling jittery due to uncertainty over upcoming US Federal Reserve rate cuts and chaos in global markets, especially as the economic drama unfolds amid the lingering Russia-Ukraine conflict.
In addition to political uncertainty, the domestic landscape doesn’t seem to have improved either, with the Indian equity market struggling to hold on to any gains. The latest news suggests that a long bear candle formation on the daily chart might spell more trouble, indicating a possible downside breakout from a range that had recently kept spirits a bit higher. The tech giants, especially the heavyweights Infosys and Reliance Industries Limited (RIL), faced fierce selling pressure, contributing significantly to the declines across the indices. Sleepless nights for day traders, anyone?
The month of November has been particularly nasty for market enthusiasts as stocks continue dancing to the beats of uncertainty! As the dust settles, analysts say that the upcoming days could be pivotal in deciding whether this downturn is just a temporary blip caused by the monthly expiry of futures and options or if we are heading toward a more extended bear market phase. Investors are keeping their fingers crossed while tightening their seatbelts, for they know that in this volatile market, every tick could send them spinning.
Speaking of volatility, did you know that the Sensex has the uncanny ability to make or break market records? Just earlier this year, it set a record for the fastest climb to 80,000 points, bringing joy to traders and investors alike. However, stocks can be a fickle friend, and sometimes it feels like they have angered the market gods, as seen recently. It is essential for investors to stay informed and strategize wisely during these turbulent times. Remember, the best play isn’t always the one that’s trending; sometimes, standing still is also a smart move when the ground keeps shaking!
If you're feeling disheartened by the market's current trajectory, don't forget that markets often rise from the ashes of their crashes. Historical trends reveal that many of the world's leading companies emerged stronger after weathering turbulent storms. So, while the scene seems grim today, tomorrow might just usher in a ray of hope! Keep your eyes peeled for upcoming opportunities, grab your popcorn, and enjoy the thrilling show that is the stock market!
Stock Market News Today Live Updates on November 29, 2024 : Heavy FII selling, derivatives expiry torpedo relief rally · 29 Nov 2024, 05:30:22 AM IST. Stock ...
A long bear candle was formed on the daily chart, which indicates a downside breakout of the range movement of the last few sessions.
Stock Market Today | Share Market Updates - Find here all the updates related to Sensex, Nifty, BSE, NSE, share prices and Indian stock markets for 28 ...
Benchmark indices logged their worst decline in nearly two months as foreign portfolio investors (FPIs) resumed sell-off, triggered by uncertainty over the ...
At the closing bell, the S&P BSE Sensex ended 1190.34 points lower at 79043.74, while the NSE Nifty50 fell 360.75 to settle below 24000.
Sensex Today | Stock Market Highlights: The Indian equity market witnessed a sharp decline on Tuesday, with major indices failing to sustain early gains.
Sensex and Nifty plummet 1.50% due to intense selling in market heavyweights Infosys, RIL, and HDFC Bank.
Indian markets closed lower on Thursday, dragged by IT and consumer discretionary stocks. The US market's decline and uncertainty about the Fed's rate cut ...
Stock Market Today: Nifty 50 Index slipped into sharp weakness on Thursday. after moving a narrow range and consolidating during last few sessions, ...
Stock market today: Thursday's session proved challenging for domestic markets, with benchmarks plunging sharply on the monthly F&O expiry.
Stock market crash: The Indian stock market saw a massive crash during the afternoon trading hours on Thursday, November 28, 2024.
Nifty 50, Sensex today: Market analysts express concerns about Nifty's downward trend, with support around 23600 and potential declines towards 23500.
Indian stock market expected a muted opening on Friday as GIFT Nifty declined amid weak global cues. Asian equities fell with Japan's yen appreciating due ...
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Stock Market Today | Share Market Updates - Find here all the updates related to Sensex, Nifty, BSE, NSE, share prices and Indian stock markets for 29 ...
Bharti Airtel surged 3.82 per cent to Rs 1620. Sun Pharma advanced 2.87 per cent to Rs 1784 while Mahindra & Mahindra added 2.32 per cent to Rs 2963 apiece.
India Business News: Stock market today: Indian equity benchmark indices, BSE Sensex and Nifty50, surged in trade on Friday a day after plunging sharply.
Mumbai: Indian stock markets gains after it opened flat on Friday, a sharp correction of more than 1 per cent was witnessed on Thursday.
Our podcast on markets, the economy and business. This week, roughly 100m people not far above the poverty line have invested in the market.
Sensex Today | Stock Market LIVE Updates | Indian benchmark equity indices traded higher on Friday, following their steepest drop in almost two months ...
Stock market today: A day after suffering strong losses of about 1.5 per cent, Indian stock market benchmarks- the Sensex and the Nifty 50 - jumped by ...
As many as 41 index stocks are in the green, while nine are trading lower. Bharti Airtel (5.07%), Sun Pharma (3.15%) and Cipla (2.93%) are top gainers. On the ...
The S&P BSE Sensex surged 663 points to reach 79702.09 by 10:33 am, while the NSE Nifty50 climbed 154.60 points to trade at 24084.95.
Sensex Today: The benchmark equity indices, BSE Sensex and NSE Nifty50, closed the final trading session of the week on a positive note.
The benchmark equity indices exhibited an upward trend on Friday, bouncing back from their steepest drop in almost two months in the preceding session, ...
Indian markets ended in green on Friday, buoyed by gains in heavyweight Reliance Industries, Bharti Airtel and pharma stocks, with the Nifty index closing ...
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SENSEX and NIFTY advanced nearly 1% this week amid high volatility and unusual FII activity. After a see-saw trade, NIFTY ended higher by 223 points and ...
Stock market holidays 2024: A total of 17 trade holidays fall in 2024.