Markets trade lower in initial trade amid weak global trends
The Hindu
The 30-share BSE benchmark Sensex declined 203.74 points to 59,296.67. The broader NSE Nifty dipped 52.8 points to 17,596.15
Equity benchmarks declined in initial trade on Tuesday amid an overall weak trend in the global markets as investors adopted a cautious approach ahead of the Union Budget presentation and interest-rate decision from the Federal Reserve.
Also, continuous foreign funds outflow played spoilsport for the markets.
The 30-share BSE benchmark Sensex declined 203.74 points to 59,296.67. The broader NSE Nifty dipped 52.8 points to 17,596.15.
From the Sensex pack, Tech Mahindra, Larsen & Toubro, Tata Consultancy Services, HCL Technologies, Nestle, Infosys, Bajaj Finance, Asian Paints and Bajaj Finserv were the major laggards.
Power Grid, Mahindra & Mahindra, Maruti, Bharti Airtel, State Bank of India, Reliance Industries, UltraTech Cement and Titan were among the winners.
Elsewhere in Asia, equity markets in Seoul, Tokyo, Shanghai and Hong Kong traded lower.
Markets in the United States had ended in the negative territory on Monday.
The Thane police have arrested two co-founders of cryptocurrency exchange platform CoinDCX in connection with an alleged fraud of Rs 71.6 lakh, officials said
Meta Chief Executive Mark Zuckerberg is building a CEO agent to help him do his job, the Wall Street Journal reported
Insurance penetration and density are often misunderstood and do not reveal how many families are insured or whether they would be financially secure if the main earning member were to die. The real issue is not reach but adequacy, as households may have life insurance but not enough cover to replace lost income, leaving them financially vulnerable.
Five top firms lose ₹1 lakh crore in market value, with HDFC Bank experiencing the largest decline of ₹56,124.48 crore.
L&T confirms 95% of its West Asia project sites are safe, while addressing logistics challenges amid ongoing regional conflicts.
Mines Ministry to auction 19 critical mineral blocks on March 23, expanding strategic resources for clean energy and technology sectors.
Mines Ministry to auction 19 critical mineral blocks on March 23, expanding strategic resources for clean energy and technology sectors.
Five top firms lose ₹1 lakh crore in market value, with HDFC Bank experiencing the largest decline of ₹56,124.48 crore.
HDFC Bank terminates three senior officials over client onboarding issues at its DIFC branch amid ethical concerns following chairman's resignation.
Air India CEO warns of potential flight cuts and reduced travel demand due to rising fuel costs amid ongoing Gulf conflict.
Options are widely used by retail traders to speculate on the value of the stock for immediate gains and such behaviour in large scale can distort the market
India achieves 1 billion tonne coal production for the second consecutive year, ensuring stable energy supply and economic growth.
Generic drugmakers in India launch affordable Semaglutide versions, targeting a $1 billion diabetes and weight loss market.