Sensex Today | Stock Market LIVE Updates: GIFT Nifty Signals Weak Opening Amid US Market Slump
Indian benchmark indexes Nifty 50, and Sensex closed the previous trading session in red. Nifty 50 ended the session at 22,460.30 and sensex share price was at 74,115.17.
Sensex Today | Stock Market LIVE Updates: GIFT Nifty Signals Weak Opening Amid US Market Slump
Share market today: The GIFT Nifty is down by more than 160 points, signalling an early gap-down to Indian markets.
In the night, Wall Street indices crashed as the Dow Jones fell nearly 900 points, while the S&P 500 dropped nearly 3 percent, and the Nasdaq fell 4percent. Asian stocks were also down in early trading on Monday.
IndusInd Bank Bharat Electronics Hindustan Zinc, Aditya Birla Capital, MSTC, Ashoka Buildcon, Thermax, Indian Bank, Syngene International are among the stocks that are currently in focus.
Share Market Live Updates
Analysts who cover the Mumbai-based privately owned lender IndusInd Bank Ltd. have reduced their price targets on the stock market following the fact that the bank told the exchanges about a second negative change on March 10, 2019.
Citigroup Inc. strategists downgraded US equity down to neutral, from overweight and raising China into overweight declaring that US the exceptionalism of the past is in a pause.
Oil was down for a second day later, amidst the decline in equity markets and other risk assets due to worries that of tariffs and other measures that could slow development in this world's biggest economy.
Brent crude dropped to around $69 per barrel following a slide of 1.5 percent on Monday. West Texas Intermediate declined below $66. Investors have retreated from every kind of risk on Monday, with the fear of economic downturns raging across market cues in the wake of US president Donald Trump presses on with the threat of tariffs and geopolitical changes.
Asian shares plummeted for a third straight session Tuesday, following US losses that brought up the Nasdaq 100 down to the lowest day since 2022. Angry grows that government reshuffles will stifle development in Asia's biggest economy.
After showing a range-bound move with a positive bias over the last couple of session, the US market sell off began this week with a sluggish tone amid mixed global signals. It did not keep its gains from the opening and closed the day with its lowest levels.
