Stock Market News Today Live Updates: Sensex and Nifty swung back into the red during late morning deals on Thursday after a lower opening. The domestic indices fell in line with broader global cues after the US Federal Reserve Chairman Jerome Powell said it was too soon to speculate over a rate hike pause.
Rollovers in Nifty Bank stood at 77 per cent versus its average of 81 per cent. The rollover indicates that short positions from October series have not been rolled over.
The market may witness some consolidation after the successive rise. That would be healthy. Since all the private banks are now aligned to the market trend, heavyweight stocks such as HDFC Bank, Axis Bank and Kotak Mahindra would drive the momentum further for the next upside rally.
Stock Market News Today Live Updates: Sensex and Nifty extended their fall for the third straight session during intraday deals on Friday, in line with the weaker trend in global markets. Asian stocks limped toward a fourth straight weekly decline today and bonds nursed huge losses, while currency markets were on edge at the end of a wild week. Overnight, Wall Street indexes fell and longer-dated U.S. Treasuries (10-year) were dumped.
Stock Market News Today Live Updates: Sensex and Nifty traded lower on Thursday in early deals, taking cues from the Asian markets after the US Federal Reserve raised interest rates. The Fed increased rates by 75 basis points (bps) on Wednesday – the third such rise in a row – and signalled that it would continue to raise borrowing costs to fight inflation.