Share Market News Today | Sensex, Nifty, Share Prices Highlights: Sensex, Nifty managed to trim initial losses but ended the day in the red. Nifty IT and Nifty Next 50 ended with gains, beating the weaker market sentiment.
Domestically, cases might be reducing but analysts say, equity markets are likely to remain volatile ahead of the US Presidential elections
Share Market News Today | Sensex, Nifty, Share Prices Highlights: Domestic benchmark indices followed global peers on Thursday and ended with losses. S&P BSE Sensex moved 172 points lower to close at 39,749. The 50-stock Nifty managed to hold on to the crucial support levels and closed at 11,670. Only 9 of the 30 Sensex constituents ended with gains. Asian Paints, UltraTech Cement, HCL Technologies, and Kotak Mahindra Bank were the top gainers on Sensex while Titan Company and L&T were the top drags. Reliance Industries managed to gain
Stock markets entered Thursday’s session following a 3.5% fall in the S&P 500 index on Wednesday — the worst rout witnessed by the index since June this year as coronavirus cases increased in the United States. Shares of hotels, airlines, energy companies were among the worst performers on Wall Street. Even the big tech firms or the FAANG stocks were seen slipping as much as 5% during the day. Cases of coronavirus have been increasing across the United States and Europe which has multiplied the fear of more restrictions that could hit economic recovery in the post pandemic world. The rout in the US has also been aided by the non-existent US stimulus-package.