Trading & Financial News
No Result
View All Result
Friday, April 18, 2025
  • Login
  • Economy
  • Markets
  • Forex News
  • Investing
  • Stock Trading
  • Crypto
Subscribe
Trading & Financial News
  • Economy
  • Markets
  • Forex News
  • Investing
  • Stock Trading
  • Crypto
No Result
View All Result
Trading & Financial News
No Result
View All Result
Home Economy

Equity benchmark indices decline in early trade

by Tradinghow
January 24, 2024
in Economy, Stock Trading
A A
0
Equity benchmark indices decline in early trade
152
SHARES
1.9k
VIEWS
Share on FacebookShare on Twitter


Equity benchmark indices witnessed a see-saw movement in the early trade on Wednesday amid high volatility, as investors rushed to book profit in high-value stocks.

The BSE Sensex fell 316.75 points or 0.45 per cent to 70,053.58 points in the opening trade but soon regained the lost ground to trade with a gain of 60.70 points or 0.09 per cent at 70,431.25 points.

The broader Nifty, which initially declined 51.50 points or 0.24 per cent to 21,187.65 points, recovered quickly to trade at 21,265.95 points, 27.15 points higher or 0.13 per cent at 0951 hours.

https://primexbt.investments/start_trading/?cxd=459_549985&pid=459&promo=[afp7]&type=IB https://primexbt.investments/start_trading/?cxd=459_549985&pid=459&promo=[afp7]&type=IB https://primexbt.investments/start_trading/?cxd=459_549985&pid=459&promo=[afp7]&type=IB
  • Also read: Index Outlook: Sensex, Nifty 50: Vulnerable to fall more

Among the Sensex firms, IndusInd Bank, SBI, Tata Steel and Infosys were trading with a gain of up to 1.84 per cent.

HCL Tech, JSW Steel and PowerGrid were other major gainers.

On the other hand, Axis Bank, Asian Paints, TCS and M&M lost up to 3.79 per cent in the morning deals.

Maruti, Bharti Airtel and Bajaj Finance were among the laggards.

As many as 21 stocks of the 30-share benchmark were trading in green, while 32 constituents of the broader Nifty showed gains.

According to V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services, “the valuations in the broader market had become excessive and unsustainable as pointed out many times recently. The trigger for the correction came mainly from the sustained selling by FIIs who have sold equity worth ₹27,830 crore during the last five days.”

In the US markets, the Dow closed 0.25 per cent lower, while the S&P 500 settled 0.29 per cent higher and tech-heavy Nasdaq closed Tuesday’s session 0.43 per cent higher.

In Asia, Japan’s Nikkei 225 was trading with a loss of 1.00 per cent and Hong Kong’s Hang Seng gained 0.84 per cent. China’s Shanghai Composite was down by 0.14 per cent.

European markets closed largely lower on Tuesday with Germany’s DAX and CAC 40 of France losing 0.34 per cent each. London’s FTSE 100 also fell 0.03 per cent.

Meanwhile, Brent crude futures, the global oil benchmark, were trading lower by 0.18 per cent to $79.41 per barrel on Wednesday.

On Tuesday, Sensex fell 1,053.10 points or 1.47 per cent to settle at 70,370.55. Nifty also declined 330.15 points or 1.53 per cent to close at 21,241.65.

Foreign Institutional Investors (FIIs) were net sellers in the capital markets on Tuesday, as they offloaded shares worth ₹3,115.39 crore, according to exchange data.

SHARE

  • Copy link
  • Email
  • Facebook
  • Twitter
  • Telegram
  • LinkedIn
  • WhatsApp
  • Reddit

Published on January 24, 2024





Source link

  • Trending
  • Comments
  • Latest
The Evolving International Cannabis Landscape

The Evolving International Cannabis Landscape

March 20, 2024
UK Faces Two Decades of No Earnings Growth and More Austerity

UK Faces Two Decades of No Earnings Growth and More Austerity

July 29, 2023
Emirates Steel drops interest in Thyssenkrupp steel unit

Emirates Steel drops interest in Thyssenkrupp steel unit

July 27, 2023
Uniswap Launches Permissionless Bridging Across 9 Networks

Uniswap Launches Permissionless Bridging Across 9 Networks

October 24, 2024
High Street Retailers Pin Hopes On Discount Splurge In Black Friday Fever

High Street Retailers Pin Hopes On Discount Splurge In Black Friday Fever

0
UK Faces Two Decades of No Earnings Growth and More Austerity

UK Faces Two Decades of No Earnings Growth and More Austerity

0
Learn how to trade. For beginners

Learn how to trade. For beginners

0
Trading for beginners

Trading for beginners

0
Kim Soo Hyun breaks silence on financial trouble amid lawsuit discrepancy: ‘We did not fail to pay…’ | Web-series News

Kim Soo Hyun breaks silence on financial trouble amid lawsuit discrepancy: ‘We did not fail to pay…’ | Web-series News

April 18, 2025
Mortgage Rate Fatigue? Here’s How to Get Off the Seesaw of Wondering When to Buy

Mortgage Rate Fatigue? Here’s How to Get Off the Seesaw of Wondering When to Buy

April 18, 2025
TransPacific Cargo Trade Decimated by Trump’s Tariff War

TransPacific Cargo Trade Decimated by Trump’s Tariff War

April 18, 2025
GITEX Nigeria 2025: Government Support Fuels New Tech Era

GITEX Nigeria 2025: Government Support Fuels New Tech Era

April 17, 2025

Recent News

Kim Soo Hyun breaks silence on financial trouble amid lawsuit discrepancy: ‘We did not fail to pay…’ | Web-series News

Kim Soo Hyun breaks silence on financial trouble amid lawsuit discrepancy: ‘We did not fail to pay…’ | Web-series News

April 18, 2025
Mortgage Rate Fatigue? Here’s How to Get Off the Seesaw of Wondering When to Buy

Mortgage Rate Fatigue? Here’s How to Get Off the Seesaw of Wondering When to Buy

April 18, 2025

Categories

  • Business
  • Crypto
  • Economy
  • Forex News
  • Investing
  • Markets
  • More
  • Stock Trading
  • Trading for beginners

Site Navigation

  • Home
  • Contact Us
  • Stock Trading
  • Markets
  • Investing
  • Other Links
  • Privacy & Policy
Trading & Financial News

We bring you the fastest breaking news on Trading, forex, and finance submitted from credible and reliable news sources around the world.

© 2023 Tradinghow Useful forex analysis and financial news, submitted by credible news sources around the world.tradinghow.

No Result
View All Result
  • Contact Us
  • Home
  • Economy
  • Crypto
  • Investing
  • Markets
  • Forex News
  • Stock Trading

© 2023 Tradinghow Useful forex analysis and financial news, submitted by credible news sources around the world.tradinghow.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In