The benchmarks– the Nifty 50 and the Sensex, ended the session in the red for the sixth straight session, albeit off the day’s lows. However, it was the broader market that took a beating in today’s session, with the smallcap and midcap indices shedding around 3 percent and 2 percent, respectively.
Nifty today
Nifty below 26,000 level; realty shares slides; VIX jumps 5.87%
The domestic equity benchmarks traded with major losses in morning trade amid escalating tensions in the Middle East. Israels ongoing attacks on Lebanon have heightened geopolitical uncertainty. The Nifty traded below the 26,000 level. Realty shares extended losses for the two consecutive trading sessions.
Investors are also eyeing a busy week of US economic data, culminating in the November jobs report, which could heavilty influence the Feds decision on interest rate cuts.
IEX tumbles on market coupling buzz
Market coupling is a model where buy bids and sell bids from all power exchanges in the country will be aggregated and matched to discover a uniform MCP.
SGX Nifty Hints At Losses; Indiabulls Housing, NTPC, RateGain Debut, Bata In Focus
India’s stock benchmarks opened little changed, as gains in information technology stocks were offset by losses in dragged by consumer durables and auto stocks, amid concerns over impact of faster tapering, omicron variant and geopolitical tensions following U.S. sanctions on China.