Skip to main content

Nifty loses 18150 points, while the Sensei falls 250 points, on Covid-19 worries; ITC and Axis Bank top decliners.

Today's Share Market News | Sensex, Nifty, and Share Prices LIVE: The main Indian indices opened with gains on the back of favorable global cues. While the BSE Sensex increased more than 200 points to 61,299.90, the NSE Nifty 50 was up 0.5% to 18,290.00. 

Nifty loses 18150 points, while the Sensei falls 250 points, on Covid-19 worries; ITC and Axis Bank top decliners.

The Bank Nifty was solidly in the green, trading around 42,800. Bharti Airtel, Tata Steel, Sun Pharma, State Bank of India, ICICI Bank, and Kotak led the majority of Sensex stocks in the upward direction. NTPC, Maruti Suzuki, IndusInd Bank, and L&T were the worst performers on the index. 

In the broader markets, the BSE MidCap and SmallCap indices each gained 0.42 % in line with the benchmark indices. IT, Real Estate, Metals, and PSBs topped the rally by sector. Reliance Industries shares climbed 0.5% after Reliance Retail's acquisition of a 100% stake in METRO Cash & Carry India for Rs 2,850 crore.

.net/YwotbKdP4sVunJGfdhmgww/e8f260a6-84bf-4222-a093-e1ef14e44c00/

Live Updates on the Share Market Today | Sensex, Nifty, BSE, NSE, Share Prices, Stock Market News December 22nd, Thursday

Comments

Popular posts from this blog

Unlocking the Secrets of the World of Finance

  In today's fast-paced global economy, understanding the intricacies of finance is paramount for both individuals and businesses alike. Finance serves as the lifeblood of any economic system, fueling growth and prosperity. Our team at AIPRM Corp is dedicated to providing you with comprehensive insights into the world of finance. In this article, we delve deep into the financial landscape, unraveling its various components and complexities. Navigating the Financial Landscape Finance: A Holistic Perspective Finance encompasses a wide array of financial instruments and institutions, each playing a unique role in the broader financial system. At its core, finance involves the management of money, investments, and assets. Our comprehensive exploration of finance will leave you well-informed, whether you're a seasoned investor or a newcomer to the world of finance. Financial Markets and Instruments The world of finance thrives within a complex web of financial markets and instrument...

Stop the Bleeding, Dollar Bulls Are Back! This Week's Prediction

The Euro to Dollar exchange rate held its ground for much of the week, but it ultimately ended the week at around 0.9750, down from its opening level of roughly 0.9800. Wall Street saw huge gains to start the fourth quarter, while government bonds continued their upward trend from the previous week. Risk-taking appetite is helping the EUR/USD. Investors anticipated that central banks will slow the rate of quantitative tightening in anticipation of a global recession. Such expectations and the demand for high yield assets were bolstered by the Reserve Bank of Australia's (RBA's) 25 basis point cash rate increase, which was less than expected. However, the positive energy was short-lived. On Wednesday, the value of the euro began to fall as the European Union recommended more sanctions against Russia for its invasion of Ukraine in February. To punish Russia for its illegal takeover of the Ukrainian territories of Donetsk, Luhansk, Kherson, and Zaporizhzhia, the international comm...

In other words, what does it mean when someone says that something is a "double top"?

When an asset reaches a high price twice in a row with a small price decrease in between, a double top, a highly unfavorable technical reversal pattern, occurs. It is common for the financial markets to see two peaks at once. When the asset's price drops below the low point between the two prior highs, this pattern is verified. The Meaning of a Double Top. The formation of a double top may indicate a shift in an asset class's medium- to long-term trend. Above is a chart depicting the double top pattern that formed in shares of Amazon.com, Inc. (AMZN) between September 2018 and October 2018 at a price of $2,050. In this case, the amount of backing that grew to roughly $1,880 was really significant.  The double top was not verified until the price of the stock dropped below $1,880, even though it had fallen by about 8% from its October high. After that, the share price fell progressively, eventually settling at a level nearly 31% lower than its previous high. Using Netflix Inc. (...