ANI
24 Jan 2023, 21:55 GMT+10
New Delhi [India], January 24 (ANI): Indian stock indices closed Tuesday's trade largely on a steady note. In early trade, they traded significantly higher.
Among the Nifty sectoral indices, metal, pharma, PSU bank, and realty were the top losers, whereas consumer durables, auto, and IT were the top gainers, National Stock Exchange data showed.
"Markets ended almost unchanged in a volatile trading session, in continuation to the prevailing consolidation phase," said Ajit Mishra, vice president, Technical Research, Religare Broking Ltd.
Vinod Nair, head of Research at Geojit Financial Services, said he has hopes of a soft landing in the US economy along with anticipation of a lesser rate hike boosted global bourses.
"Mirroring robust global peers, the domestic market extended previous gains driven by auto stocks. However, due to selling pressure in banking shares, the indices anchored close to the flatline. Auto stocks were in focus prior to the earnings results of the sector major," said Nair.
Meanwhile, the Rupee closed at 81.72 versus the US dollar, against Monday's close of 81.39.
"The Rupee trend which was positive a couple of days back has turned volatile as the last couple day rupee has lost 0.80 per cent from highs of 80.95 registered in early Monday morning opening," said Jateen Trivedi, VP and research analyst at LKP Securities. (ANI)
Get a daily dose of Broadcast Communications news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Broadcast Communications.
More InformationBEIJING, China: Falling hog prices, mounting losses and rising debt are putting pressure on the biggest pig breeders in China, ...
NEW YORK, New York - A decline in labor costs as measured by ADP failed to boost U.S. Markets Wednesday."ADP's ...
WASHINGTON D.C.: A U.S. auto safety regulator said this week it is opening an investigation into 73,000 Chevrolet Volt plug-in ...
NEW YORK: This week, a New York judge approved legal settlements to end lawsuits that halted the state's legal cannabis ...
NEW YORK, New York - U.S. stocks spent most of Tuesday meandering, with the major indices closing out the day ...
DEARBORN, Michigan: This week, Ford said a six-week United Auto Workers (UAW) strike cut its sales by some 100,000 vehicles ...
Amirhossein Maghsoudloo, professionally known as Tataloo, has been handed over to Iranian authorities by Turkish police at the Bazargan border ...
Sharjah [UAE], December 6 (ANI/WAM): Sheikh Sultan bin Ahmed bin Sultan Al Qasimi, Deputy Ruler of Sharjah and Chairman of ...
Islamabad [Pakistan], December 5 (ANI): The Finance Division announced on Tuesday the disbursement of Pakistan Rupee (PKR) 17.4 billion to ...
montreal - Canada's public broadcaster on Monday announced it would cut 600 jobs, or 10% of its workforce, as it ...
Kabul [Afghanistan], December 4 (ANI): Afghanistan's Taliban-appointed Acting Minister of Education Habibullah Agha has criticized the poor quality of education ...
Kabul [Afghanistan], December 4 (ANI): The head of the Afghan business council in the UAE, Haji Obaidullah Sader Khail has ...