New Delhi
Along with India-Pakistan moving towards the war, the benchmark index of domestic stock market is also turning red. The Sensex has lost 207 points to 80,589. The Nifty is also trading at 24390 below 70 points. There is also a decline of about 1 % in Nifty Next 50. Bank Nifty, Financial Services are also on the red mark. Mid cap and smal cap stocks are also in harm. The biggest decline is in the PSU bank, media, realty, oil and gas, Consumer Durabels index.
The decline in the domestic stock market has intensified amidst India and Pakistan. The Sensex has fallen 209 points or 0.26 % to 80,587.72. The Nifty has also come down to 24386 with a loss of 74 points. Only 699 stocks on NSE are trading on the green mark. Whereas, 1765 declines. A total of 2538 stocks are trading, with 34 lower circuits. However, there are also 25 stocks that have an upper circuit.
The domestic stock market between India and Pakistan came back on track only a few minutes after a strong start. The Sensex is trading at 80736 below 59 points. Whereas, the Nifty has also come down to 24447 with a loss of 13 points. 20 stocks of Sensex are trading on red mark. The Internal Sensex is the top loser. There is also weakness in shares of legendary companies like Titan, Tata Motors, Reliance. Mahindra & Mahindra is the Sensex top gainer with a jump of 4 %.
The domestic stock market was still strong today amidst the tension in India and Pakistan. The BSE’s 30 -share sensitive index Sensex opened at 80907 with 110 points. Whereas, NSE’s 50 stocks benchmark index Nifty managed to open at 24500 with a gain of 39 points.
The domestic stock market is expected to open on a vigilant note of the domestic stock market on Tuesday amid the mixed global markets. Asian markets did flat business, while the US stock market closed overnight, S&P 500 broke its longest boom in 20 years.
Investors will eye on the announcement of the monetary policy of the US Federal Reserve on Wednesday, in which the central bank is expected to keep the interest rates unchanged on a large scale. According to LSEG data, the market is pricing in about 75 basis points of rate cuts by Fed to 2025, the central bank’s July meeting is likely to have the first ease of at least 25 basis points.
The Indian stock markets closed up on Monday. The Sensex rose 294.85 points or 0.37 percent to close at 80,796.84, while the Nifty increased by 50 114.45 points or 0.47 percent to close at 24,461.15.
Major global signals for Sensex today
Asian markets had flat business, most of the stock markets in the region remained closed for holidays. Hong Kong’s Hong Seng Index Futures indicated a slightly higher opening. Japanese and South Korean markets are closed due to public holidays.
Gift Nifty Today
The gift Nifty was trading around the level of 24,583. This is a premium of about 30 points from the previous bandh of the Nifty Futures, indicating a mild positive start for the Indian stock market indices.
Wall street condition
The US stock markets closed down on Monday. Dow Jones Industrial Average lost 98.60 points or 0.24 percent to close at 41,218.83, while S&P 500 declined by 36.29 points or 0.64 percent. The index closed at 5,650.38. Nasdaq composite also fell 133.49 points or 0.74 percent to close at 17,844.24.
Shares of veteran companies
The price of Netflix stock fell 1.9 percent, Amazon.com shares fell by 1.9 percent and Paramount Global Share fell by 1.6 percent. Berkshire Hathaway shares fell 5.1 percent. Whereas, the price of sketchers share increased by 24.3 percent. Apple’s share price fell by 3.15 percent, while Tesla’s stock fell 2.42 percent and Ford’s shares fell by 1.07 percent.
Gold prices
Gold prices reached a week’s highest level as an alternative to secure investment concerns over Trump’s tariff schemes. The price of the spot gold was doing flat business at $ 3,330.16, while the US gold futures rose 0.5 percent to $ 3,338.30.
