BSE Sensex, NSE Nifty slip on negative global cues
.jpg)
The BSE benchmark, the Sensex was trading 137.58 points or 0.53% lower at 25,757.39 points, while the NSE's Nifty was trading 48.70 points or 0.63% lower at 7,672.60 points at 9.45 am IST.
On Thursday, the US markets cracked after Argentina announced that it had defaulted on its debt. The Dow Jones closed 1.88% lower, while Nasdaq ended 2.09% lower on Friday.
Experts say Indian markets are likely to remain range-bound in near-term. "Nifty may correct further from the current level and it may touch 7600 in the near term. Key near term support is at 7700. Resistance is at 7800. However, the Nifty is likely to consolidate within a range of 7500 – 7800," Standard Chartered Securities said in its morning note.
Among sectoral indices, the BSE Realty (-1.01%), BSE Capital Goods (-0.81%) and BSE Oil & Gas (-0.72%) were the major losers. Among individual stocks, Mahindra & Mahindra Ltd (-2.62%), NTPC (-1.97%) and HDFC (-1.66%) were trading in the red.
Asian markets were seeing selling pressure. The Nikkei (-0.22%), Hang Seng (-0.52%), Kospi (-0.13%), Straits Times (-0.86%), Jakarta Composite (-0.19%) and Taiwan Taiex (-0.62%) were the major losers.
Other Latest News
.webp)
AAP supremo Arvind Kejriwal on Thursday intensified his criticism of the BJP-led central government, accusing it of failing to ensure law and order in Delhi.
Addressing a press conference at party office, Kejriwal said, "There is an atmosphere of fear and insecurity everywhere in Delhi. Women feel unsafe stepping out after 7 pm and parents worry about their daughters going outside."
.webp)
The High Court on Thursday refused to ban ISKCON's activities in Bangladesh, a local newspaper reported days after a lawyer was killed in a clash between security personnel and supporters of a Hindu leader arrested on sedition charges.
The lawyer had sought a ban from the high court on the International Society for Krishna Consciousness (ISKCON) after placing some newspaper reports related to the organisation on Wednesday.
.webp)
The Manipur government on Thursday announced that classes in schools and colleges in Imphal Valley districts and Jiribam would resume from November 28 after a hiatus of 13 days.
Educational institutes in these districts have remained closed since November 16 after the dead bodies of three women and three children in Jiribam were recovered from the Jiri and Barak rivers in Manipur and Assam respectively.
.webp)
Eknath Shinde, who served as chief minister in the outgoing Maharashtra government, is unlikely to accept the post of deputy CM in the new dispensation, his close aide Sanjay Shirsat said on Thursday.
Shirsat, an MLA and spokesperson of the Shiv Sena, however, said Shinde would be a part of the cabinet.
.webp)
Dr. Reddy’s announced the launch of Toripalimab in India on Thursday, for patients diagnosed with nasopharyngeal carcinoma (NPC), a rare form of head and neck cancer.
Toripalimab, a New Biological Entity (NBE), is the only immuno-oncology drug approved by regulatory authorities like the USFDA, EMA, and MHRA for treating adults with recurrent or metastatic nasopharyngeal carcinoma (RM-NPC). It is globally recognised for its efficacy in this indication, the Hyderabad-based company said in a statement.
.webp)
.webp)
.webp)
.webp)
.webp)
