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Markets open lower as IMF growth projection dents sentiment; Sensex down over 170 points

by pallanus | Jun 25, 2020 | Business News

Domestic markets opened weaker on Thursday after the International Monetary Fund (IMF) said that GDP growth in India will contract sharply by 4.5 per cent in the fiscal year 2020-21. At around 9:30 am, BSE Sensex was below the 35,000-mark after dropping 170 points,...

Markets see volatile trade as geopolitical tension keeps investors on edge

by pallanus | Jun 17, 2020 | Business News

At today’s opening, BSE Sensex was down almost 80 points lower but bounced back marginally at around 9:40 am. NSE Nifty, too, was just trading slightly above 9,900 points.  There has been a sharp rise in market volatility on Wednesday as investors turned nervous due...

Coronavirus second wave fears rattle global markets, stocks fall

by pallanus | Jun 15, 2020 | Business News

Fears that a second wave of Covid-19 infections is under way sent jitters across global markets on Monday with stocks and oil under pressure while investors bought into safe havens such as German government debt. Beijing reported its second consecutive day of record...

Markets edge lower as financials drag, Sensex down over 200 points

by pallanus | Jun 11, 2020 | Business News

In a challenge to the stock market’s recent optimism, the Fed predicted the US economy would shrink 6.5 per cent in 2020 and unemployment would still be at 9.3 per cent at year’s end. The Nifty banking index and the financial index fell 0.67 per cent and 1 per cent,...

Markets witness volatile trade, hold gains as investors remain optimistic

by pallanus | Jun 4, 2020 | Business News

At around 9:30 am, BSE Sensex was trading over 100 points higher, but soon descended into negative territory. NSE Nifty, too, failed to hold 10,100 and is now struggling to stay above 10,000 points.  IT and Pharma stocks emerged as top gainers in morning trade with...
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