Mumbai, June 7 (IANS) The Nasdaq crash in the US by about 5 per cent is an indication that the AI bubble may burst and if the AI trade cools down and reverse, that can trigger reversal of foreign portfolio investors (FPI) outflows to the Indian markets, analysts said on Sunday.In May, FPIs net sold equity for Rs 32,963 crore. The sustained selling continued in early June, too. The total selling in June (up to 6th) stood at Rs 42,926 crore, taking the total selling in 2026, so far, to Rs 283,662 …
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Seoul, June 5 (IANS) Seoul shares traded nearly 4 per cent lower on Friday as investors locked in profits from a recent tech-led rally while monitoring uncertainty over US-Iran peace negotiations.After opening 3.44 percent lower, the Korea Composite Stock Price Index (KOSPI) lost 334.97 points, or 3.88 percent, to 8,304.44 as of 11:20 a.m., recovering some of its earlier losses after plunging as much as 6.88 percent.The Korea Exchange suspended program trading for the KOSPI for five minutes at a…
New Delhi, June 4 (IANS) Global crude oil prices declined more than 1 per cent on Thursday after Israel and Lebanon agreed to implement a ceasefire, raising hopes of a broader diplomatic breakthrough that could ease tensions surrounding the ongoing Iran conflict.International oil benchmark Brent crude fell 1.33 per cent to $96.50 per barrel. Similarly, US West Texas Intermediate (WTI) crude declined over 1 per cent to $94.76 per barrel.The decline in oil prices came after both benchmarks had gai…
Mumbai, June 4 (IANS) Domestic equity markets opened lower on Thursday, tracking weak global cues amid geopolitical uncertainty in West Asia and selling pressure across the US and Asian equities.Sensex opened at 73,935.83, down 0.55 per cent or 410 points, while Nifty fell over 100 points or 0.5 per cent.Sectoral indices, Nifty Realty declined 0.67 per cent, Nifty IT was down 0.53 per cent. Similarly, pharma and healthcare indices decreased by up to 0.5 per cent.In contrast, Nifty Consumer Durab…
Mumbai, June 3 (IANS) Domestic equities traded lower on Wednesday following fresh escalation in tensions between the US and Iran, with benchmark indices declining up to 1 per cent during morning trade.Sensex fell as much as 816 points or 1.09 per cent to hit an intraday low of 73,833 in early trade. Similarly, Nifty declined 200 points or 0.86 per cent to touch an intraday low of 23,280.Sectoral indices traded largely in the red, with technology stocks emerging as the biggest drag. Nifty IT slum…
Mumbai, June 2 (IANS) The Indian stock market opened lower on Tuesday amid geopolitical tensions and concerns over a weak monsoon forecast.Sensex began the session at 73,945.20, down 322 points or 0.43 per cent from the previous close, while Nifty opened at 23,229.15, lower by 153.45 points or 0.65 per cent.Sectoral indices, Nifty Auto, Nifty Realty and Nifty Chemicals were trading nearly 1 per cent lower. Private banks, PSU banks, cement and media indices were also under pressure. On the other …
Mumbai, May 29 (IANS) Domestic equity markets traded marginally higher in morning trade on Friday as investors and traders closely monitor developments in West Asia and await clarity on a potential extension of the US-Iran ceasefire.Sensex rose as much as 352 points or 0.46 per cent to touch an intraday high of 76,220 in early deals, while Nifty traded around 100 points or 0.40 per cent higher at 24,002.Sectorally, information technology stocks led the gains with Nifty IT rising over 2 per cent,…
New Delhi, May 28 (IANS) Asian markets traded lower on Thursday as renewed geopolitical tensions following fresh US military action against Iran weighed on investor sentiment, while oil prices rebounded 4 per cent after sharp losses in the previous session.In the equity markets, Japan’s Nikkei 225 declined over 1 per cent to 63,905, while South Korea’s KOSPI declined nearly 5 per cent to 7,841.01.Hong Kong’s Hang Seng index dropped 2.37 per cent or 600 points to 24,727, while China’s Sha…
Seoul, May 28 (IANS) South Korean stocks were trading more than 1 per cent lower late on Thursday as foreign investors unloaded local shares following a recent tech-led rally and news that the United States launched new strikes against Iran.The benchmark Korea Composite Stock Price Index (KOSPI) had fallen 84.32 points, or 1.02 percent, to 8,144.38 as of 11:20 a.m, reports Yonhap news agency.The index closed at a record high of 8,288.7 on Wednesday, extending its winning streak to the fourth con…
Mumbai, May 27 (IANS) Domestic equity markets traded on a muted note in early deals on Wednesday amid mixed global cues and a decline in crude oil prices.Sensex was trading at 76,050, up 40 points or 0.05 per cent in the morning session, while Nifty rose 20 points or 0.08 per cent to 23,932. Earlier, the benchmark indices opened at 75,939.86 and 23,880.35, respectively.Among sectoral indices, Nifty Metal emerged as the top gainer, climbing 1.59 per cent, followed by Nifty Cement, which advanced …