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India markets fell sharply on Thursday while recovering some losses towards the end. This was mainly due to a sell-off in Adani Group stocks following an indictment of Gautam Adani and several others in a $250 million bribery case, Sensex closed at 77,155, down by 422 points while the broader Nifty50 finished at 23,349, lower by 168.60 points…
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Disappointing Q2 results from key companies dragged down the market. IndusInd Bank plunged 18.5%, contributing 136 points to the Sensex’s loss, while NTPC dropped 3% due to poor earnings performance. Analysts are lowering FY25 earnings forecasts, turning market sentiment bearish.By ETMarkets
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Nifty Auto index rose by 2.3%, buoyed by positive sentiment in domestic auto firms following Karnataka's plans to waive taxes for hybrid cars and offer incentives for electric vehicles (EVs). Maruti Suzuki, which sells hybrid vehicles, saw a 4.8% increase, marking its largest daily percentage gain in nearly three months.…
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Indian markets have been on a roll ever since Fed rate cuts happened. For the last 4 straight sessions, the Sensex and Nifty have been hitting record highs as well. After a sluggish start, Sensex and Nifty closed at fresh highs on Monday, due to gains in banking and energy stocks. Sensex closed at 85,169, while the broader NSE Nifty ended at 26,004…
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Nifty50 and Sensex made history earlier in the day, with Nifty surpassing the 26,000 mark and Sensex crossing 85,000 for the first time. However, after hitting record highs both the indices closed flat on Tuesday. Sensex closed at 84,914, while the broader NSE Nifty ended at 25,940.By ETMarkets
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Sensex and Nifty closed at new record highs on Monday, led by financial stocks, amid expectations of increased foreign inflows following last week's US Federal Reserve rate cut. The 30-share BSE Sensex rose 384 points, or 0.45%, to close at 84,928, while the broader NSE Nifty gained 148 points, or 0.57%, to end at 25,939.…
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Indian benchmark equity indices closed lower on Wednesday in a highly volatile session, dragged by auto, metal, and banking stocks. The decline came ahead of key U.S. inflation data, which could influence the size of the anticipated interest rate cut by the Federal Reserve next week.By ETMarkets
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