Thursday, 20 June 2024
Stock Market

In early trading, the Sensex falls 929.74 points to 73,315.16

  • Due to investors selling risky assets in worries about the Iran-Israel conflict, shares began down on Monday.
  • Sensex and Nifty 50 posted substantial losses on Friday.
  • On the daily chart, the Nifty 50 created a long negative candle.

Due to investor selling of risky assets in the wake of Iran’s retaliatory attack on Israel, which raised concerns about the possibility of a larger regional conflict, shares began down on Monday. The Sensex and Nifty 50 posted substantial losses on Friday, with each index falling by about 1%.

The declining trend was ascribed to selling in several industries amid flimsy global indications. On the daily chart, the Nifty 50 created a long negative candleand broke below the 22,650 level of immediate support, indicating more impending weakness. Sensex and Nifty

The Supreme Court dismissed a PIL in the hopes that the government would take the required actions to modernize the railways while expressing satisfaction with the actions taken by the Center to prevent railway accidents.

According to Philippine President Ferdinand Marcos, the US will not be granted access to any further military installations in the country. The first spot Ethereum and Bitcoin ETFs were approved by Hong Kong‘s securities regulator, marking a significant step toward the city’s acceptance of the well-known cryptocurrencies as a commonplace investing vehicle.

According to authorities, a man’s burnt body was discovered in the Tinsukia area of Assam. The victim’s identification remained unknown despite the body being sent for post-mortem testing.

On Monday, an Australian judge dismissed a defamation lawsuit after finding that a former government adviser had sexually assaulted a coworker in an office at Parliament House. There were losses in all 13 key sectors, with small- and mid-cap stocks falling by roughly 3% and 2%, respectively.

The increasing tensions between Iran and Israel are expected to have an impact on Monday’s trade of the stock market indices, Sensex and Nifty. The Gift Nifty, which is currently trading around 22,460, almost 140 points below the previous closing of Nifty futures, is indicating a gap-down start.

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