Stock Market Update: Early Trade Insights and Latest News

Monday, 23 September 2024, 21:40

Stock market updates today reveal a dip in benchmark equity indices following a record three-day rally. The share market trends indicate profit-taking, affecting major stocks and the Nifty index.
Mid-day
Stock Market Update: Early Trade Insights and Latest News

Stock Market Trends and Early Observations

The stock market witnessed a decline in early trade on Tuesday, reflecting the latest breaking news on market performance. Following a robust three-day record rally, profit-taking emerged as a key factor in this adjustment. The 30-share BSE Sensex plunged 212.54 points to reach 84,716.07.

NSE Nifty Performance

The NSE Nifty also experienced a downturn, dropping 52.2 points to settle at 25,886.85. Major laggards included Infosys, Bajaj Finance, and Kotak Mahindra Bank. However, Tata Steel and JSW Steel showed resilience, contributing to wider market dynamics.

Global Influence and Local Response

On a global scale, Asian markets displayed a mixed trend, with Seoul, Tokyo, Shanghai, and Hong Kong trading in positive territory. The US market closed higher on Monday, further influencing investor sentiment. Notably, Foreign Institutional Investors (FIIs) purchased equities worth Rs 404.42 crore.

Currency Trends

The Indian rupee exhibited range-bound trading in the morning session, depreciating slightly to 83.57 against the US dollar. Rising crude oil prices and muted domestic equities contributed to this trend.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


Related posts


Newsletter

Get the most reliable and up-to-date financial news with our curated selections. Subscribe to our newsletter for convenient access and enhance your analytical work effortlessly.

Subscribe