Sharp sell-off in the markets: Nifty closes below 26,000, Sharp falls seen in small and midcaps!

Indian stocks finished Monday’s trading session much lower. The Nifty ended the day at 25,960.55, down 0.86%, while the Sensex closed at 85,102.69, down 0.71%. The Nifty Bank closed at 59,238.55, down 0.90%, indicating that the pressure was equally evident in the banking sector. The BSE SmallCap and midcap indices both saw a 2% decline….

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The rupee drops to a record low of 89.59/$: reasons why the impressive Q2 GDP doesn’t improve outlook

Despite the staggering GDP figure, the Indian rupee fell to new lows. The solid Q2 GDP report was overshadowed by FII outflows and uncertainties around the US-India trade pact, which kept the rupee trading well below the 89.50/$ barrier. The currency fell significantly from its November low of 89.49/$. Despite the spectacular Q2 GDP numbers,…

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The Sensex adds more than 1,000 points, while the Nifty rises above 26,200, only 72 points from all-time highs.

In today’s trading session, November 26, the Indian equity markets saw a dramatic increase, propelled by strong global cues and widespread purchasing across industries. In midday trading, the benchmarks gained momentum, which they maintained until the closing bell. The Nifty ended the session at 26,205.30, up 320 points or 1.24%, while the Sensex ended the…

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The reasons for the market fall: Nifty closes below 25,900 and Sensex finishes 500 points below the day’s high

In a volatile trading session on November 25, benchmark indexes Sensex and Nifty lost their gains for the day and ended the day in the red. The Nifty was down 74.7 points at 25,884.80, and the Sensex was down 313.70 points at 84,587.01. Approximately 1,972 shares fell, 2,022 shares increased, and 149 shares remained constant….

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The H-1B visa fee hike and foreign investment outflows cause the rupee to fall to its lowest point ever, 88.75, against the US dollar.

Due to a sharp increase in the cost of the US H-1B visa, which is predicted to have a significant negative impact on Indian IT services exports, the rupee fell 47 paise to reach an all-time low of 88.75 (provisional) against the US dollar on Tuesday. Forex dealers reported that as market participants examined the…

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