Stock indices in India continue to decline, pulled down by a sharp dip in almost all sectoral indices, particularly the PSU bank following the collapse of two US banks in a matter of two-to-three days.
Stock indices in India declined sharply to start the fresh week, pulled down by a sharp dip in banking and financial stocks following the collapse of two US banks in a matter of two-to-three days.
"We are demanding the constitution of JPC on the Adani stocks issue. When we raise this issue, then mikes are switched off and a ruckus erupts in the House," the Leader of Opposition in Rajya Sabha said.
Stock indices in India fell for the second consecutive session tracking weak cues from the overnight US markets. Also, the US central bank signalling that further hikes in interest rates may be needed to bring inflation to comfortable levels also hurt the market sentiment.
BSE Sensex was down 210 points or 0.35 per cent to Rs 60,079.18 while 50-share Nifty were 80 points or 0.45 per cent to Rs 17,673.65. The two key indices had made gains for three consecutive sessions on Friday, Monday and Wednesday. In three consecutive sessions, the Sensex gained 2.44 per c
Indian stocks opened largely steady on Wednesday, but volatility seems to have remained. At the time of writing this report, the benchmark indices Sensex and Nifty were about 0.1 per cent lower each.
At 9.23 am, Sensex traded at 60,338.82 points, up 529.85 points or 0.89 per cent, and Nifty traded at 17,747.15 points, up 152.80 points or 0.87 per cent.
Indian stocks rose substantially Friday morning, partly due to fresh buying after the latest consecutive session losses. Strength in overnight US stocks too lent support.
SEBI has banned several entities, including actor Arshad Warsi, his wife Maria, YouTuber Manish Mishra and promoters of Sadhna Broadcast - Shreya Gupta, Gaurav Gupta, Saurabh Gupta, Pooja Aggarwal and Varun Media - from the securities market in a case related to uploading misleading video
Today, most of the Adani Group firms were trading in the green. The Supreme Court has set up an expert committee on the issue arising from the Hindenburg Research report on Adani Group companies.
Till Friday, the stocks declined over concerns that global growth will continue to slow in 2023 due to monetary policy tightening by various central banks to control inflation.