Most Asian stocks rose on Monday, buoyed by optimism over U.S. recession fears, while Chinese markets lagged amid ongoing economic slowdown concerns. Key inflation data is anticipated this week, influencing expectations for Federal Reserve interest rate cuts. In India, futures indicated a soft open due to new allegations against the securities regulator from Hindenburg Research, raising volatility concerns.
read moreAdani
0 posts last weekSensex and Nifty Fluctuate, IT Stocks Impact Market Performance on Friday
The Sensex and Nifty started the day strong but later dipped due to a drag from IT shares. Adani Enterprises, M&M, and Adani Ports saw gains, while Infosys, LTI, and Mindtree dragged the market down.
read moreEquity Indices Open with Losses, Adani Group Shares in Free Fall
Equity indices opened lower on Monday, with Tata Steel, Bharti Airtel, and M&M leading gains on the Sensex, while SBI, Maruti, and HUL were among the top losers. Adani group shares plummeted as US prosecutors investigate the company and its founder for bribery charges, as reported by Bloomberg on Friday.
read moreIndian Market Plunges as Selling Pressure Intensifies, Nifty Below 22,000
The Indian market closed sharply lower on March 13, with the Sensex down 1.23% and the Nifty down 1.51%. Selling pressure intensified in the second half, pushing the Nifty below 22,000, with realty, media, PSU bank, telecom, power, oil & gas, and metals all down over 5%. Adani Enterprises, Coal India, Adani Ports, Power Grid Corporation, and NTPC were among the biggest Nifty losers, while ITC, UltraTech Cement, HCL Technologies, Kotak Mahindra Bank, and ICICI Bank were the gainers.
read more