The Nifty IT index fell over 1 percent on November 28, becoming the biggest laggard on the Nifty 50 after U.S. inflation data revealed an increase in consumer spending for October. The data raised concerns that the pace of future rate cuts may be slower than expected, potentially affecting sectors like information technology, which have significant exposure to the U.S. market.Data showed a strong ...

Benchmark indices Nifty and Sensex sank to nearly five-month lows, as a wave of concerns helped bears tighten their grip on the market. The slide marks the fifth consecutive losing session for both indices, driven by the latest inflation report that showed prices climbing to a 14-month high of 6.21 percent, breaching the Reserve Bank of India's upper tolerance limit.With mounting inflationary pres...

Sensex and Nifty wiped out early gains by noon on October 15, dragged down by auto, oil & gas, and IT stocks. The hotter-than-expected September inflation report dampened hopes for a domestic rate cut this year, weighing on investor sentiment.As of 11.55 AM, the Sensex had dropped 168 points or 0.2 percent to 81,804, while the Nifty was down 60 points to 25,067. Market breadth showed 1,708 shares ...

Indian benchmark indices opened flat on July 10 despite positive global cues. At 09:15 am, the Sensex was down 97.64 points or 0.12 percent at 80,254.00, and the Nifty was down 21.20 points or 0.09 percent at 24,412.00. Analysts expect markets to trade with a positive bias and take cues from upcoming inflation data, Q1FY25 earnings, and budget.Over the next few days, the Pharma sector will likely ...

“Look at market fluctuations as your friend rather than your enemy. Profit from folly rather than participate in it.” Warren Buffett.The near one-way rally in stock prices indicates that the earnings season will have more positive surprises than negative ones. Bernstein’s Venugopal Garre and Nikhil Arela don’t think so. They point out that earnings have not kept pace with the rally in stoc...