Nifty 50 fell 1.41% on Monday, extending its losing streak. Negative momentum indicators hint at further dips if it breaks 25800 support. Bank Nifty also closed lower.
Foreign investors shift from India to China amid rising uncertainty and intensifying West Asian tensions. Indian markets closed lower yesterday, no signs of improvement today.
Sebi faces scrutiny as chairperson Buch encounters conflict of interest allegations. Tensions within Sebi have escalated following Hindenburg Research's allegations and Congress party's accusations against her.
Major indices registered a decline of approximately 0.80% each, with mid-cap and small-cap indices also falling by around 1%, currency market shows weak trend as well
Nifty closed at 26,178.95, down 0.14%, with downward bias likely to continue if it dips below 26,150. Bank Nifty also lost 541 points, indicating a negative market sentiment.
Bulls are optimistic despite persistent selling pressure, with foreign investors showing interest in Indian stocks. Japanese markets slump amid political changes, while crude oil prices rise.
The Swiggy IPO comprises a fresh issue of equity shares worth ₹3,750 crore and an offer-for-sale of 18, 52,86,265 equity shares by existing shareholders.
The Nifty rose by 0.23%, reaching a fresh all-time high of 26,277 before closing with a 0.14% drop at 26,199. The Sensex hit a new peak of 85,978, climbing 0.16%, but ended the session at 85,615, a 0.30% fall from its previous close.