1/10/2024 0 Comments Nifty today![]() The benchmark Nikkei 225 index fell 1.15 percent, or 331.43 points, to 28,598.90 in early trade, while the broader Topix index lost 0.85 percent, or 16.96 points, to 1,977.56. Tokyo stocks opened lower Monday on renewed fears of interest rate hikes following hawkish comments from US Federal Reserve officials. The rupee depreciated by 20 paise to close at 79.84 against the US dollar on Friday amid a strengthening greenback overseas.Īsian shares got off to a rocky start on Monday while the dollar remained in demand amid concerns most major central banks are committed to raising interest rates no matter the risks to growth. Capital goods and autos are on a strong wicket.” Medium to long-term investors can buy high-quality banks on declines. India’s impressive GDP growth and favorable leading indicators in the context of global growth slowdown have the potential to attract more FII flows but the rising dollar and bond yields are strong headwinds. This is negative for capital flows to emerging markets. ![]() The dollar index is back above 108 and the US 10-year bond yield is at 2.99%. But FIIs are unlikely to buy aggressively in the present context of rising dollar. VK Vijayakumar, chief investment strategist at Geojit Financial Services, said: “Market is delicately poised with higher downward risk. Meanwhile, Kotak Bank, Bajaj Finserv, Wipro, and Tata Steel weighed on the indices.īroader markets, too, edged lower in trade as Nifty Midcap 100 and Nifty Smallcap 100 slipped over 1 per cent.Īll sectors dropped in the negative zone as Nifty IT, Nifty Realty, and Nifty IT were battered in trade. Power Grid, HUL, Titan, Dr Reddy’s were top contributors to the benchmark indices. At 09:16 IST, the Sensex was down 352.75 points or 0.59 per cent at 59293.40, and the Nifty was down 114.30 points or 0.64 per cent at 17644.20. Stock Market Today: Indian indices opened lower on Monday morning with Nifty below 17700 amid weak global cues.
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