SME Times is powered by   
Search News
Just in:   • Adani Group to invest Rs 57,575 crore in Odisha  • 'Dollar Distancing' finally happening? Time for India to pitch Rupee as credible alternative: SBI Ecowrap  • 49% Indian startups now from tier 2, 3 cities: Jitendra Singh  • 'India ranks 3rd in global startup ecosystem & number of unicorns'  • LinkedIn lays off entire global events marketing team: Report 
Last updated: 24 Nov, 2021  

BSE.9.Thmb.jpg Equity indices close in red; Latent View hits 20% upper circuit

Bse.9..jpg
   Top Stories
» 49% Indian startups now from tier 2, 3 cities: Jitendra Singh
» 'India ranks 3rd in global startup ecosystem & number of unicorns'
» Tripura exported over 9K tonnes of pineapples in 2 years
» CPI inflation eases to 6.71% in July, IIP falls to 12.3%
» Rupee depreciates 12 paise to close at 79.64 against US dollar
SME Times News Bureau | 24 Nov, 2021
After a rise almost throughout the session, India's key equity indices -- S&P BSE Sensex and NSE Nifty50 -- closed in the red on Wednesday.

A fall in share prices of some of the major listed companies, coupled with uncertainty over cryptocurrency regulation weighed on the broader market sentiment, analysts opined.

The barometer 30-scrip Sensex closed at 58,340 points, down by 323 points or 0.55 per cent.

Similarly, the broader 50-scrip Nifty closed the day at 17,415 points, down by 88 points or 0.50 per cent.

Shares of Eicher Motors, Tata Consumers, Maruti Suzuki, Grasim Industries, and Infosys were the top losers during the session, NSE data showed. As per the information available on the NSE website, stocks of these companies closed 2.8 per cent, 2.8 per cent, 2.77 per cent, 2.76 per cent and 2.69 per cent lower, respectively.

The top gainers during the session were ONGC, Adani Ports, Coal India, NTPC, and Kotak Bank.

Notably, One97 Communications-owned Paytm rose sharply for the second consecutive day and closed at Rs 1,753, up whopping 17.28 per cent from the previous close.

Besides, the newly listed Latent View Analytics hit the 20 per cent upper circuit and closed the session at Rs 586.5 per share.

"The recent correction (in equity) was overdue and should be construed as healthy in the overall larger uptrend. Historically, markets have seen corrections of 10-15 per cent almost every year," ICICI Direct said.

"It is difficult and actually a futile exercise to predict whether the market will correct further or will recover from current levels itself. In general, a 5 per cent correction is a good enough "dip" to follow the time and tested "buy on dips allocation strategy."

Also, corporate earnings, which is the ultimate barometer of the market performance, remain on track for a sharp recovery, the brokerage added.
 
Print the Page
Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
66.20
64.50
UK Pound
87.50
84.65
Euro
78.25
75.65
Japanese Yen 58.85 56.85
As on 13 Aug, 2022
  Daily Poll
COVID-19 has directly affected your business
 Yes
 No
 Can't say
  Commented Stories
» GIC Re's revenue from obligatory cession threatened(1)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter