Finance
Stock Market Today News | Sensex, Nifty, Share Prices Highlights: The benchmark equity indices closed Tuesday’s trading session in the negative territory a day after markets clocked the best trading session in 3 years. Banks were under huge pressure, Bank Nifty down fell over 4,051 points or almost 8%.
Jateen Trivedi, VP Research Analyst – Commodity and Currency, LKP Securities.
“The Indian Rupee weakened, trading below 83.65, down by over 0.50 rupees, amid uncertainty surrounding the election results and the formation of the next government. This uncertainty triggered a panic sell-off across various asset classes, impacting economic growth. The Dollar-Rupee exchange rate may continue to rise, potentially reaching 83.90, with 83.40 serving as the immediate support level.”
The benchmark equity indices ended Tuesday’s trading session in the negative territory. The NSE Nifty 50 plunged almost 6% to settle at 21,884.50, while the BSE Sensex falls 6.09% to 72,079.05.
Courtesy: NSE
Hindustan Unilever, Hero MotoCorp, and Britannia were the only gainers in the Nifty 50. While Adani Ports and SEZ, Adani Enterprises, SBI, ONGC, and Coal India were the major losers in the Nifty 50 on June 04.
Losses deepen in last half an hour of trade. Some of the significant losers in trade including Adani Enterprises, Adani Ports, NTPC, ONGC and SBI see cuts deepen further.
The fall in power stocks intensify after a slight pause. REC, PFC see losses widen.
The Nifty Smallcap 100 was down 8.5% at 15,636.40 during the afternoon trading hours on June 04.
The NSE Nifty 50 fell over 6% or 1,414 points breaching 22,000 level to 21,850.40. While the BSE Sensex was down 4,493 points or 5.88% at 71,976.05.
Source:FE
