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Following a two-day sharp rally, the 30-share BSE benchmark Sensex slipped 165.3 points to 76,569.59 in early trade, while the NSE Nifty dropped 51.55 points to 23,277. Among the Sensex constituents, Maruti, Sun Pharma, NTPC, Tata Steel, Reliance, and Infosys emerged as the top losers.
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“With massive 104 per cent tariffs on China expected to take effect today, markets are in turmoil and uncertainty is at its peak. The future of global trade and the broader economy amid this chaos is still unclear,” said V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.
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Sensex nosedives over 5 per cent amid global market meltdown due to growing trade war concerns
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All Sensex constituents were in the red, with Tata Steel plunging over 8 per cent and Tata Motors sliding more than 7 per cent. Other major losers included HCL Technologies, Tech Mahindra, Infosys, Larsen & Toubro, Tata Consultancy Services, and Reliance Industries.
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Additionally, foreign fund outflows have dampened investor sentiment. In morning trade, the 30-share BSE Sensex dropped by 591.05 points, or 0.77%, to 75,704.31, while the broader NSE Nifty slipped 202.55 points, or 0.87%, to 23,047.55.
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The 30-share BSE Sensex fell by 252.8 points to 76,095.26 in early trade, while the NSE Nifty slipped 57.85 points to 23,132.80. However, both benchmark indices rebounded, erasing their initial losses and moving into positive territory. The Sensex climbed 205.09 points to 76,550.97, while the Nifty advanced 70.05 points to 23,262.55.
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The 30-share BSE Sensex climbed 478.13 points to reach 75,927.18 in early trade, while the NSE Nifty advanced 149.1 points to 23,056.70. Among the top gainers from the Sensex pack were Infosys, Tata Consultancy Services, Bharti Airtel, HCL Tech, Zomato, Tech Mahindra, Titan, and Mahindra & Mahindra.
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Foreign fund outflows, monthly derivatives expiry and weak global market cues pulls down Sensex and Nifty
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The 30-share BSE benchmark Sensex tanked 567.62 points to 74,743.44 in early trade
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The rupee is expected to trade in a range of 86.35-75 as the market gives opportunity for both exporters and importers to sell and buy their currencies: Anil Kumar Bhansali
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The 30-share BSE benchmark Sensex was trading at 75,520.88 in early trade on February 12, Nifty falls below the crucial 23,000-mark
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The 30-share BSE benchmark Sensex tumbled 731.91 points to 76,774.05 in early trade and NSE Nifty slumped 243 points to 23,239.15
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Markets drop in early trade dragged by Infosys, Axis Bank while Reliance Industries traded over 2 per cent higher after reporting 7.4 per cent rise in December quarter net profit
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The 30-share BSE benchmark Sensex jumped 422.62 points to 78,387.61 in early trade and NSE Nifty climbed 160.2 points to 23,776.25.
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In the entire 2024, Sensex jumped 5,898.75 points or 8.16 per cent, and the Nifty surged 1,913.4 points or 8.80 per cent
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Chief Marketing Officer Anshul Khandelwal and Suvonil Chatterjee, Chief Technology and Product Officer, step down from their roles citing personal reasons
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Forex traders say higher dollar demand as well as an upward momentum in crude oil prices due to volatile geopolitical situation pushed local unit further downward
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Shares of Ambuja Cements up by 2.90%, Sanghi Industries 2.44%, Adani Ports 2.25%, Adani Wilmar 2.24%
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The stock of Adani Total Gas soared 18.58 per cent, Adani Power zoomed 11.44 per cent, Adani Energy Solutions jumped 9.99 per cent
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The BSE benchmark Sensex gained 230.02 points, or 0.29%, closing at 80,234.08. It had earlier surged by 507.09 points, or 0.63%, to reach 80,511.15 during the day. The NSE Nifty rose by 80.40 points, or 0.33%, ending at 24,274.90. Among the 30 Sensex stocks, Adani Ports saw a 6% rise, while other gainers included NTPC, HDFC Bank, Bajaj Finance, Maruti, and Axis Bank.