Equity indices remain range-bound, private banks lose
Video Credit: ANI - Duration: 01:24s - Published
Equity indices remain range-bound, private banks lose
Equity benchmark indices traded within a narrow range on Friday as surging Covid cases became an area of serious concern with several cities declaring night curfews Market experts said unless this second wave peaks soon and subsides, economic activity will be impacted and uncertainty will weigh on investor sentiments.
The BSE SandP Sensex closed 155 points or 0.31 per cent lower at 49,591 while the Nifty 50 slipped by 39 points or 0.26 per cent to 14,835.
Sectoral indices at the National Stock Exchange were mixed with Nifty private bank down by 0.9 per cent and financial service by 0.7 per cent.
But Nifty PSU bank rose by 2 per cent and pharma by 3 per cent.
Among stocks, Axis Bank closed 2 per cent lower at Rs 668.05 per share while ICICI Bank lost by 1.8 per cent to Rs 565.95.
Bajaj Finance skidded by 3 per cent to close at Rs 4,878 per share.
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Market pressure persisted for the third consecutive session as key indices, including Sensex, Nifty, and Nifty Bank, witnessed notable declines. The midcap index closed in the red despite performing relatively better. Geopolitical tensions between Iran and Israel contributed to the market downturn. US stock futures dipped after major benchmarks suffered losses, while European and Asia-Pacific markets also experienced significant drops.
#Business #Businessnews #StockExchange #IranIsrael #Businessimpact #Sensex #Nifty #Gold #Businessupdates #Economy #Indianews #Oneindia #OneindiaNews
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Fears of Potential Iranian Attack , Drive US Stocks Down , Nearly 500 Points.
CNN reports that United States stocks dropped on
April 12 amid rising tensions in the Middle East pushing
traders to seek safe havens like gold and bonds.
CNN reports that United States stocks dropped on
April 12 amid rising tensions in the Middle East pushing
traders to seek safe havens like gold and bonds.
By mid-afternoon, the Dow had fallen
1.4%, the S&P 500 went down 1.6%,
and the Nasdaq dropped 1.8%.
The dip came after the White House announced
that both the U.S. and Israel are on alert for
a potential attack by Iran or its allies.
The dip came after the White House announced
that both the U.S. and Israel are on alert for
a potential attack by Iran or its allies.
The warning comes after Iran
accused Israel of a deadly airstrike
on a consulate in Damascus, Syria. .
The news also sent oil prices up amid
fears of regional tensions escalating
as a result of the ongoing war in Gaza. .
The news also sent oil prices up amid
fears of regional tensions escalating
as a result of the ongoing war in Gaza. .
Brent crude futures jumped up to $90.42
a barrel, and West Texas Intermediate crude
futures increased to $86.65 a barrel.
Those geopolitical concerns and subsequent
rising oil prices sent investors to safe havens like
gold futures, which rose to $2,379 a troy ounce.
Those geopolitical concerns and subsequent
rising oil prices sent investors to safe havens like
gold futures, which rose to $2,379 a troy ounce.
CNN reports that Americans' opinions of
the economy have dipped in the past few
months amid persistently high inflation.
The geopolitical fears come as investors are already
contending with concerns that the Federal Reserve could
wait to bring interest rates down from a 23-year high.
Officials at the Fed have signaled that further rate
hikes could still be on the way if the central
bank's efforts to fight inflation stall.
Credit: Wibbitz Top Stories Duration: 01:31Published
Watch as the United States takes a stand against the crackdown on rights and freedoms in Hong Kong by imposing new visa restrictions on multiple officials. Stay updated on the latest developments in the ongoing tensions between the US and China over the situation in the Chinese-ruled territory.
#USNews #HongKong #USVisa #HongKongVisa #VisaRestrictions #USVisaRestrictions #RightsCrackdown #UnitedStatesofAmerica #Oneindia
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Hong Kong Passes , New Security Law.
On March 19, lawmakers in Hong Kong unanimously passed Article 32.
The national security bill
"punishes treason, sabotage, sedition,
the theft of state secrets and espionage
with up to life imprisonment," Reuters reports. .
The legislation will go into effect on March 23.
John Lee, a political leader
in the country, referred to the new law
as a "historic moment for Hong Kong.".
However, critics say that the
new legislation could be utilized to
"eliminate dissent through the fear of arrest
and detention," restricting free speech and more.
However, critics say that the
new legislation could be utilized to
"eliminate dissent through the fear of arrest
and detention," restricting free speech and more.
On March 14, the U.S. Congressional-Executive Commission on China wrote Secretary of State Antony Blinken to oppose the new laws.
The commission also urged the American government to "take additional steps to protect American citizens and businesses," Reuters reports. .
An ever-expanding notion of national
security will only make Hong Kong less safe
for U.S. businesses and citizens living in
Hong Kong as well as Hong Kongers seeking
to exercise their fundamental freedoms, The U.S. Congressional-Executive Commission
on China, via letter to Antony Blinken .
China's Foreign Ministry Commissioner's
office responded to the criticism. .
China's Foreign Ministry Commissioner's
office responded to the criticism. .
Immediately stop the political
manipulation and interference
in Hong Kong affairs, China's Foreign Ministry Commissioner's office, via statement
Credit: Wibbitz Top Stories Duration: 01:31Published
Japan’s Nikkei Stock Index , Surges to an All-Time High.
The Nikkei 225 reached an
all-time high on Feb. 22, AP reports. .
It closed at 39,098.68, surpassing the record of 38,915.87 that was set in December of 1989.
Shares related to computer chips helped
to lead the rally on Feb. 22, AP reports.
On Feb. 21, Nvidia reported that its fiscal Q4
revenue jumped from $6.05 billion to $22.1 billion.
Accelerated computing and generative
AI have hit the tipping point, Jensen Huang, founder and CEO of Nvidia, via statement.
Demand is surging worldwide across
companies, industries and nations, Jensen Huang, founder and CEO of Nvidia, via statement.
Meanwhile, shares in Tokyo Electron, Advantest Corp. and SoftBank Group Corp. were up 6%, 7.5% and 5.1%, respectively. .
Prior to the recent surge, Japan's
benchmark rate has stayed at -0.1%
for more than 10 years, AP reports. .
But within the past few months,
Tokyo share prices have risen 15%.
The past year has seen a
44% increase in share prices. .
As Japanese companies show
signs of change I think investors
are taking a closer look, Hiromi Yamaji, group CEO of the Japan Exchange Group,
via an online briefing sponsored by 'The Financial Times'.
The generation is changing, Hiromi Yamaji, group CEO of the Japan Exchange Group,
via an online briefing sponsored by 'The Financial Times'
Credit: Wibbitz Top Stories Duration: 01:30Published
Equity benchmark indices cracked by 2 per cent on April 30 due to unabated rise in COVID cases and hiccups in vaccination drive amid unfavourable global cues. The BSE SandP Sensex closed 984 points or..
Key equity indices slipped during early hours on Friday due to an unabated rise in COVID cases and unfavourable global cues. At 10:15 am, the BSE SandP Sensex was down by 396 points or 0.8 per cent at..
Equity markets maintained positive undertone during early hours on Thursday supported by the US Fed decision to keep policy loose and firm global markets cues. At 10:15 am, the BSE SandP Sensex was up..
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