Finance
Today’s Stock Market News | Sensex, Nifty, and Share Prices Highlights: Domestic indices finished Thursday’s volatile session in the red. The NSE Nifty 50 fell 84.90 points, or 0.49%, to 17,067, while the BSE Sensex fell 289.31 points, or 0.50%, to 57,925.28. The Bank Nifty fell 382.15 points, or 0.96%, to 39,616.90. Hindalco, Maruti, Nestle India, ONGC, and Tata Motors were the top gainers on the Nifty 50, while SBIN, Bajaj Auto, Kotak Bank, HCL Tech, and Asian Paints were the top losers.
“U.S. stocks finished sharply lower in volatile trade on Wednesday after the Federal Reserve raised interest rates by another 25 basis points, while noting that policymakers weren’t penciling in rate cuts this year. The decisions came despite recent stress in the banking industry following the collapse of two U.S. regional banks. He also acknowledged the central bank will raise rates even higher if they “need to.” The Fed acknowledged turmoil in the banking sector could slow the already fragile economy. US Treasury Secretary Janet Yellen said at a congressional hearing on Wednesday that she’s not considering a broad increase in deposit insurance.”
The National Stock Exchange has Biocon and IndiaBulls Housing Finance on its F&O ban list for 23 March. According to the NSE, stocks are prohibited in the F&O sector when they have exceeded 95% of the market-wide position limit (MWPL). During the F&O ban period, no new positions are permitted for F&O contracts in that stock.
Oil prices fell on Thursday following three sessions of gains, after U.S. Federal Reserve Chair Jerome Powell re-stated his commitment to curbing inflation, including the possibility of more interest rate rises. Brent crude futures fell 80 cents, or 1%, to $75.89 a barrel by 00:09 GMT, while U.S. West Texas Intermediate crude (WTI) dropped 84 cents, or 1.2%, to $70.06. Both crude benchmarks had settled on Wednesday at their highest close since March 14.
The US market ended the overnight session in negative territory with Dow Jones Industrial Average tanking 1.63%, S&P 500 plunging 1.65% and the tech-heavy Nasdaq tumbling 1.60%.
Asian markets were mostly trading flat with China’s Shanghai Composite index rising 0.09%, Hong Kong’s Hang Seng climbing 0.03%, South Korea’s KOSPI falling 0.27% and Japan’s Nikkei 225 tanking 0.45%.
Source:FE
