Finance
Today’s Sensex – Stock Market Highlights: On Monday, India’s key indices traded on a flat note, with the Sensex and Nifty losing 240 and 60 points, respectively. The IT and metal stocks dropped the most, while the PSU Bank index increased by more than 4% and the Nifty Auto index reached an all-time high.
This week’s stock market triggers include the conclusion of the US Federal Reserve policy meeting, foreign capital inflows, crude oil prices, global cues, and more.
On Monday, global stocks dipped and the dollar strengthened as investors weighed their options ahead of a week packed with central bank meetings in Norway, Sweden, Switzerland, the United Kingdom, the United States, and Japan.
Sensex snapped 11-day winning streak to close at 67,600; Nifty ends 60 pts down; PSU Bank index shines
Investors analyzed economic developments in China and looked ahead to policy choices from leading central banks, including the US Federal Reserve, as India’s benchmark stock indexes dropped on Monday, taking a pause from a record-breaking run.
The Nifty 50 slid 60 points to 20,133, while the Sensex fell 240 points to 67,600, halting an 11-day gaining streak.
Titan, Powergrid, M&M, and NTPC led the pack with gains of more than 2.5%. Hindalco, HDFC Bank, Airtel, and Infosys all trailed and were among the worst performers.
The PSU Bank index soared nearly 4%, with Auto, Consumer Durables, and FMCG also posting solid increases. The most money was lost in real estate, media, metal, and IT.
On Monday, global stocks dipped and the dollar strengthened as investors weighed their options ahead of a week packed with central bank meetings in Norway, Sweden, Switzerland, the United Kingdom, the United States, and Japan.
The Tokyo stock exchange was closed for the national holiday. South Korean stocks slumped 1%, led by heavyweight chipmakers concerned about a slow revival in demand. The won soared in value, but the benchmark bond yield increased.
Chinese shares closed higher on signs of economic recovery in the world’s second-largest economy, but property and technology firms weighed down the Hong Kong market.
The blue-chip CSI 300 Index in China finished 0.5% higher, while the Shanghai Composite Index gained 0.3%. Meanwhile, Hong Kong’s Hang Seng Index and the Hang Seng China Enterprises Index fell 1.4% and 1.6%, respectively.
European markets plummeted after falling on Wall Street last week, as investors await the Federal Reserve’s interest rate decision.
The FTSE 100 fell in turbulent trade on Monday as investors awaited important central bank interest rate decisions this week, while Mondi climbed after the paper and packaging company agreed to sell its largest factory in Russia.
