Sensex Nears 80,000, Nifty at 5 Month High on IT Boost and Trade Hopes
Sensex Nears 80,000, Nifty at 5 Month High on IT Boost and Trade Hopes

Sensex Nears 80,000, Nifty at 5 Month High on IT Boost and Trade Hopes

Out of 2,884 stocks traded on the NSE, 1,383 advanced while 1,438 declined, and 63 remained unchanged. A total of 47 stocks hit their 52-week highs, whereas 6 touched their 52-week lows. Additionally, 114 stocks were locked in the upper circuit, while 18 hit the lower circuit

DSIJ Intelligence-2 Article rating: 5.0
Closing bell: Markets tank amidst weak global cues; banks, metals, and pharma stocks suffer!
Closing bell: Markets tank amidst weak global cues; banks, metals, and pharma stocks suffer!

Closing bell: Markets tank amidst weak global cues; banks, metals, and pharma stocks suffer!

HDFC Bank, Reliance Industries, Bajaj Finance, Tata Steel, and TCS rallied heavily whereas a large volume was traded in Coal India, Hindalco Industries, Adani Ports, SBI, & ITC.

DSIJ Intelligence Article rating: 4.3

At market close today, the core equity indices i.e. Sensex and Nifty 50 were down by 1.25 per cent each. Weaker global cues, the aggressive rate hike confirmation from FED Chairman, and rising bond yield in the US coupled with a volatile rally in technology sector stocks have led to the bloodbath on the bourses yet again.  

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