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Sensex Today | Stock Market LIVE Updates: GIFT Nifty signals a negative start; Asian shares trade lower
15 Apr, 2024 | 08:14:54 AM IST
Domestic benchmark equity indices dropped 1% each on Friday, dragged by financial and IT stocks, as hot US inflation data dimmed hopes of early interest rate cuts by the Federal Reserve. Friday's decline erased weekly gains for the NSE Nifty 50 and S&P BSE Sensex indices.
Here's what Santosh Meena, Head of Research at Swastika Investmart, StoxBox, recommends investors should do with these stocks when the market resumes trading today.
Asian shares slumped and gold prices rose on Monday as risk sentiment took a hit after Iran's retaliatory attack on Israel stoked fears of a wider regional conflict and kept traders on edge.
Gold prices edged up on Monday, hovering below a record high hit in the previous session, as escalating tensions in the Middle East lifted bullion's safe-haven appeal.
The dollar steadied on Monday, holding its biggest weekly gain since 2022, as escalating conflict in the Middle East and the prospect of stubbornly high U.S. interest rates gave support.
Nifty ended 234 points lower to form a Doji candle on the weekly scale. On the daily charts, the index closed below the lows of the previous three trading sessions which indicates weakness.
07:24:02 AM IST, 15 April 2024
Sensex Today | Stock Market LIVE Updates: Rupee falls 7 paise against US dollar
The rupee depreciated 7 paise to close at 83.38 against the US dollar on Friday, weighed down by a massive sell-off in domestic equities and a strong greenback against major crosses overseas.
Oil prices fell at Asia's open on Monday, as market participants dialled back risk premiums following Iran's attack on Israel late on Saturday which the Israeli government said caused limited damage.
U.S. stocks tumbled Friday following a mixed start to earnings reporting season. Worries about potentially escalating tensions in the Middle East rattled financial markets, pushing investors to look for safer places for their money.
Sensex today ended 793 points while Nifty also shed nearly 1% with foreign investors believed to have offloaded stakes in bluechips as those investing from Mauritius may now face greater scrutiny. Smallcaps and midcap indices were largely unaffected in today’s sell-off.