Sensex loses 303 points in trade, midcap stocks see heavy losses | Oneindia News
Video Credit: Oneindia - Duration: 02:31s - Published
Sensex loses 303 points in trade, midcap stocks see heavy losses | Oneindia News
A massive profit booking in IT, midcap, and small cap stocks forced the market to close in the red for the third consecutive session on Wednesday, as benchmarks fell more than 5%.
Today's session saw intense selling pressure on the Nifty IT, with the Information Technology index falling 3.38 percent.
Tata Consultancy Services (TCS) led the index's decline, closing 3.7 percent lower on Wednesday.
Other IT stocks that finished in the red included Tech Mahindra, Wipro, Infosys, and HCL Tech.
As the trading session commenced on April 19th, both the Sensex and the Nifty continued their downward trend for the fifth consecutive day, fueled by reports of Israel's recent missile launch on Iran. This event triggered a surge in oil and gold prices, heightening concerns about the global economy. Concurrently, the commencement of Lok Sabha elections added to the domestic landscape. The Indian rupee also opened at a historic low of 83.55 per Dollar.
#Market, #Sensex, #Nifty, #IranIsraelConflict, #StockMarket
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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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The Indian National Congress on Friday announced its first list of candidates for the upcoming Lok Sabha polls, releasing the names of 39 candidates who will go on the ballot in April-May, this year. Of the 39, one contestant is Kerala Congress leader Shashi Tharoor, who is set to contest from his home constituency of Thiruvananthapuram. Tharoor is currently a sitting member of Parliament from the same constituency, on his third term. Tharoor's opponent - the Union Minister of State for Information Technology - Shashi Tharoor, is a three-time Rajya Sabha member; he will be contesting for a Lok Sabha seat for the first time
#ShashiTharoor #Thiruvananthapuram #LokSabhaElections #KnowYourMP #ThiruvananthapuramMPShashiTharoor #CongressMPShashiTharoor #IndianPolitics #Congress #PoliticalCareer #Leadership #ElectionCampaign #ThiruvananthapuramConstituency #PoliticalJourney #ElectoralStrategy #CongressLeader #ShashiTharoorInThiruvananthapuram #PoliticalMilestones #IndianDemocracy #ElectionDecision #CongressParty #VoteForRahul #PoliticalLegacy #CampaignTrail
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On Tuesday, equities snapped a three-day winning streak ahead of the Q4 -March quarter GDP data and amid a gloomy global mood. The S&P BSE Sensex closed at 55,566, down 359 points or 0.6%.
#Sensex..
The key indices of the Indian stock markets, the Sensex and Nifty, rose by around 2% on Monday, led by strong buying support in IT stocks on the back of positive cues from global equities.This is the..
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