Nifty falls below 23,200 and the Sensex drops 1,400 points as bank and IT stocks fall ahead of the April 2 tariff deadline.

Ahead of former US President Donald Trump’s tariff deadline, investors were on edge, as the benchmark indices Nifty and Sensex continued to decline on April 1. The sell-off was led by Nifty IT and Pharma, which are the stocks most vulnerable to any trade shocks, and then banking stocks. Fear swept the Street as the…

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March saw a Rs 35 lakh crore increase in market value. This list of top-performing industries follows a five-month break.

Investors on the Bombay Stock Exchange (BSE) have won Rs 35 lakh crore so far this year in March, with the Sensex rising more than 4,500 points to hover around 78,000. This is the latest success for the Indian stock markets after months of relentless selloff. After a sharp decline following September’s record highs, the…

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Slower recovery in the IT sector: CLSA

As the US President stoked expectations of a corporate tax rate cut and the ensuing rise in corporations’ discretionary spending and IT budget, Indian IT majors are expected to see mid-to high-single-digit growth over the coming quarters, indicating a slower-than-expected recovery, according to brokerage firm CLSA. The brokerage adopted a cautiously optimistic outlook due to…

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Benchmarks drop to two-month lows due to FPI withdrawals and poor earnings.

Benchmark indices extended their downward trajectory on Thursday, closing at their lowest points in almost two months due to disappointing earnings and ongoing selling by foreign portfolio investors (FPIs), which dampened investor sentiment. After posting dismal profits for the September quarter, Bajaj Auto saw a 13% decline, making it the biggest loss on the Nifty….

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