Stock Market LIVE Updates: Sensex up 650 points, Nifty reclaims 22,000
Stock Market LIVE Updates: Sensex and Nifty suffered massive losses after less than expected seats for the PM Narendra Modi-led NDA. The Indian equity benchmark indices closed over 5% in red witnessing their worst day in four years as investors lost ₹31 lakh crore wealth in just six-and-a-half hours. This comes after in the Lok Sabha results did not give a massive election mandate for the NDA contrary to exit polls.
Sensex closed at 72,079.05 points, down 4,389.73 points or 5.74 per cent while Nifty closed at 21,884.50 points, down 1,379.40 points or 5.93 per cent. All Nifty sectoral indices, except Nifty FMCG, were deep in the red while Nifty metal, Nifty bank, Nifty financial services, Nifty PSU bank, Nifty private bank, Nifty realty and Nifty oil and gas slumped the most.
Follow all the updates here:
-
Wed, 05 Jun 2024 09:17 AM
Stock Market LIVE Updates: Sensex surges 1,000 points in pre-open session
Stock Market LIVE Updates: Nifty trades above 22,000 in pre-open.
-
Wed, 05 Jun 2024 09:07 AM
Stock Market LIVE Updates: Market trades higher at pre-opening
Stock Market LIVE Updates: Sensex was up 1,031.36 points or 1.43 per cent at 73,110.41. Nifty was up 131.10 points or 0.60 per cent at 22,015.60.
-
Wed, 05 Jun 2024 09:05 AM
Stock Market LIVE Updates: Rupee opens marginally higher
Stock Market LIVE Updates: Indian rupee opened marginally higher at 83.46 per dollar on Wednesday versus Tuesday’s close of 83.52.
-
Wed, 05 Jun 2024 08:49 AM
Stock Market LIVE Updates: Goldman Sachs remains overweight on India
Goldman Sachs said that despite reduced majority for NDA, macro stability and growth remain intact as it expects 15% earnings CAGR in 2024/25, which should drive market returns. Remaining overweight on India, the brokerage favoured domestic sectors.
-
Wed, 05 Jun 2024 08:40 AM
Stock Market LIVE Updates: How have global markets performed?
Stock Market LIVE Updates: In early Asian trading, oil prices continued to slide slightly from the previous session after an industry report indicated increases in US crude and fuel stockpiles. Brent crude futures fell 14 cents, or 0.2%, to $77.38 a barrel while U.S. West Texas Intermediate crude futures fell 18 cents, or 0.3%, to $73.07 a barrel.
-
Wed, 05 Jun 2024 08:15 AM
Stock Market LIVE Updates: Adani stocks plummeted yesterday. Will fall continue?
Stock Market Today Live Updates: The stock prices of all 11 Adani Group companies plummeted on Tuesday resulting in a loss of ₹3.6 lakh crore for investors.
-
Wed, 05 Jun 2024 07:59 AM
Stock Market LIVE Updates: What about US stocks?
Stock Market LIVE Updates: US stocks ended higher on Tuesday following softer-than-expected labor market data that reaffirmed expectations of an interest rate cut by the Federal Reserve.
Source link
