By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Latest World News UpdateLatest World News UpdateLatest World News Update
  • Home
  • Business
  • National
  • Entertainment
  • Sports
  • Health
  • Science
  • Tech
  • World
  • Marathi
  • Hindi
  • Gujarati
  • Videos
  • Press Release
    • Press Release
    • Press Release Distribution Packages
  • Legal Talk
Reading: Sell-off in Indian stocks continues for the third session – World News Network
Share
Notification Show More
Font ResizerAa
Latest World News UpdateLatest World News Update
Font ResizerAa
  • Home
  • Business
  • National
  • Entertainment
  • Sports
  • Health
  • Science
  • Tech
  • World
  • Marathi
  • Hindi
  • Gujarati
  • Videos
  • Press Release
    • Press Release
    • Press Release Distribution Packages
  • Legal Talk
Follow US
  • Advertise
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Latest World News Update > Blog > Business > Sell-off in Indian stocks continues for the third session – World News Network
Business

Sell-off in Indian stocks continues for the third session – World News Network

worldnewsnetwork
Last updated: April 16, 2024 12:00 am
worldnewsnetwork 1 year ago
Share
SHARE

Mumbai (Maharashtra) [India], April 16 (ANI): The Indian stock markets closed on Tuesday with the third successive weak session in line with global market weakness after the escalation of the Iran-Israel conflict.
The Nifty concluded 0.56% lower at 22,147.90, while the BSE Sensex ended 0.62% lower at 72,943.68 on Tuesday’s trading session.
The IT sector witnessed the most significant decline, plummeting by 2.53. The broader market outperformed the benchmarks, with the BSE MidCap index up by 0.05% and the BSE SmallCap index up by 0.57%.
“The two major factors weighing on the markets are the geopolitical risk of expanding of the Middle East conflict and the disruption it could cause to crude oil supplies. The second factor is the strong US economy based on a strong US consumer. This combined with a persistent inflation has led to a spike in bond yields and strength in the US dollar.” said Ajay Bagga, Banking and Stock market expert.
Top gainers in the Nifty 50 included Eicher Motors, Divi’s Laboratories, Titan, ONGC, and Hindustan Unilever, while Infosys, LTI Mindtree, IndusInd Bank, Bajaj Finserv, and Wipro were among the major laggards.
“U.S. stocks closed notably lower on Monday amidst concerns about escalating tensions between Iran and Israel. U.S. retail sales for March exceeded expectations, indicating the Federal Reserve may not rush to cut interest rates this year” said Varun Aggarwal,MD, Profit Idea.
The Asian market also closed with a decline on Tuesday with stocks dipping and the dollar surged to more than five-month highs. According to market analysts, it is propelled by stronger-than-expected U.S. retail sales for March. Meanwhile, rising geopolitical tensions bolstered gold and oil prices.
The dollar index rose, and the yen remained near 34-year lows. The focus is now shifted to China’s GDP data and other economic indicators. In commodities, U.S. crude and Brent oil prices rose on Middle East tensions, while spot gold experienced marginal gains.
The stock market will remain closed tomorrow on the occasion of Ram Navmi. The trading will resume on Thursday now. (ANI)

Contents
WORLD MEDIA NETWORKPRESS RELEASE DISTRIBUTIONPress releases distribution in 166 countriesPress releases in all languagesPress releases in Indian LanguagesIndia PackagesEurope PackagesAsia PackagesMiddle East & Africa PackagesSouth America PackagesUSA & Canada PackagesOceania PackagesCis Countries PackagesWorld Packages

Disclaimer: This story is auto-generated from a syndicated feed of ANI; only the image & headline may have been reworked by News Services Division of World News Network Inc Ltd and Palghar News and Pune News and World News

sponsored by

WORLD MEDIA NETWORK


PRESS RELEASE DISTRIBUTION

Press releases distribution in 166 countries

EUROPE UK, INDIA, MIDDLE EAST, AFRICA, FRANCE, NETHERLANDS, BELGIUM, ITALY, SPAIN, GERMANY, AUSTRIA, SWITZERLAND, SOUTHEAST ASIA, JAPAN, SOUTH KOREA, GREATER CHINA, VIETNAM, THAILAND, INDONESIA, MALAYSIA, SOUTH AMERICA, RUSSIA, CIS COUNTRIES, AUSTRALIA, NEW ZEALAND AND MORE

Press releases in all languages

ENGLISH, GERMAN, DUTCH, FRENCH, PORTUGUESE, ARABIC, JAPANESE, and KOREAN CHINESE, VIETNAMESE, INDONESIAN, THAI, MALAY, RUSSIAN. ITALIAN, SPANISH AND AFRICAN LANGUAGES

Press releases in Indian Languages

HINDI, MARATHI, GUJARATI, TAMIL, TELUGU, BENGALI, KANNADA, ORIYA, PUNJABI, URDU, MALAYALAM
For more details and packages

Email - support@worldmedianetwork.uk
Website - worldmedianetwork.uk

India Packages

Read More

Europe Packages

Read More

Asia Packages

Read More

Middle East & Africa Packages

Read More

South America Packages

Read More

USA & Canada Packages

Read More

Oceania Packages

Read More

Cis Countries Packages

Read More

World Packages

Read More
sponsored by

You Might Also Like

Nifty, Sensex reversed 4-day fall trend in opening, CPI inflation at 77-month low added optimism – World News Network

Taiwan’s Stabilisation Fund will continue to support its Stock Market – World News Network

More than 75 Percent of JIET Universe Students are Placed in Top-Notch Companies – World News Network

US Fed rate cut in September hinges on labour market and inflation: UBI Report – World News Network

Create Marriage Biodata Easily Online – World News Network

Share This Article
Facebook Twitter Email Print
Previous Article Ram Charan receives honorary doctorate from Vels University, father Chiranjeevi, wife Upasana congratulate him – World News Network
Next Article RBI seeks comments on draft rules to regulate payment aggregators – World News Network
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected

235.3kFollowersLike
69.1kFollowersFollow
11.6kFollowersPin
56.4kFollowersFollow
136kSubscribersSubscribe
4.4kFollowersFollow
- Advertisement -

Latest News

AP Dhillon’s new song with Shreya Ghoshal ‘Thodi Si Daaru’ to feature Tara Sutaria; watch teaser – World News Network
Entertainment 20 hours ago
“Don’t take one day for granted”: ‘Panchayat’ fame actor Aasif Khan pens motivating note after battling “health issues” – World News Network
Entertainment 20 hours ago
Priyadarshan confirms ‘Haiwaan’ with Saif Ali Khan, Akshay Kumar, shares picture of actors from Lord’s – World News Network
Entertainment 20 hours ago
‘Ullozhukku’ actor Urvasi, Joju George to share screen in pan-India film ‘Aasha’; Shooting begins – World News Network
Entertainment 20 hours ago

Sports

Congress President Mallikarjun Kharge pays Tribute to ‘Turbaned Tornado’ Fauja Singh – World News Network
Sports
“I’ll cherish this for a long time”: Mitchell Starc reflects on milestone Jamaica Test – World News Network
Sports

Popular Category

  • Business
  • Entertainment
  • Health
  • National
  • Videos
  • Gujarati

Popular Category

  • Hindi
  • Lifestyle
  • Marathi
  • National
  • Science
  • Sports
  • Tech
  • World

Entertainment

“We would like to do it”: Sarah Jessica Parker on ‘Hocus Pocus 3’ – World News Network
Entertainment
Blake Lively granted protective order amid Justin Baldoni legal battle – World News Network
Entertainment
Copyright © 2023 World News Network. All Rights Reserved.
Join Us!

Subscribe to our newsletter and never miss our latest news, podcasts etc..

[mc4wp_form]
Zero spam, Unsubscribe at any time.
Welcome Back!

Sign in to your account

Lost your password?