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Investors stayed on the sidelines and refrained from taking risks amid uncertainty due to the Israel-Hamas conflict, analysts said.
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The Sensex opened 494.23 points lower, commencing at 65,486.61. Simultaneously, the Nifty opened 161.45 points down, initiating trading at 19,492.05.
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Global oil benchmark Brent crude declined 0.02 per cent to USD 83.94 a barrel. The BSE benchmark had climbed 405.53 points or 0.62 per cent to settle at 65,631.57 points on Thursday. The Nifty had advanced 109.65 points or 0.56 per cent to end at 19,545.75 points.
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The stock market, which witnessed a challenging start to the week with consecutive declines, saw an encouraging uptick on Thursday
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The 30-share BSE Sensex plunged 533.13 points to 64,978.97. The Nifty declined 153.35 points to 19,375.40
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The World Bank, meanwhile, retained India's GDP growth forecast for the financial year 2023-24 at 6.3 per cent, noting that the country continued to show resilience against the backdrop of a challenging global environment.
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Equity benchmark indices declined in early trade on Tuesday amid unabated foreign fund outflows and sluggish Asian market cues
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In Asian markets, Shanghai ended in the green while Tokyo and Hong Kong settled lower. Trading was closed in South Korea for a holiday.
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The Nifty gained 51.75 points or 0.26 per cent to end at 19,716.45. It moved between a low of 19,554 and a high of 19,730.70 in day trading.
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European markets were trading on a mixed note. The US markets ended in positive territory on Monday.
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The stock market took investors on a roller-coaster ride as indices faced a downturn at the market opening on Tuesday
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After gyrating 461.6 points during the day, the 30-share BSE Sensex eked out a marginal gain of 14.54 points or 0.02 per cent to settle at 66,023.69
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Equity benchmark indices declined in early trade on Monday amid a weak trend in global markets
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Equity benchmark indices rebounded in early trade on Friday after a three-day decline but later gave up initial gains to quote in the negative territory
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Tech Mahindra, Bharti Airtel, Infosys, Asian Paints, Hindustan Unilever, Larsen & Toubro and Titan were the gainers.
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Global equities fell after the US Federal Reserve signalled that they expect to raise rates once more this year to fight inflation
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At the Nifty, only 10 companies managed to make advances, while 40 witnessed declines.
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Snapping its 11-day rally, the 30-share BSE Sensex fell 241.79 points or 0.36 per cent to settle at 67,596.84
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Rallying for the 11th day running, the 30-share BSE Sensex jumped 319.63 points or 0.47 per cent to settle at a record closing of 67,838.63
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The BSE gauge had climbed 52.01 points or 0.08 per cent to settle at 67,519 on Thursday.