Category : Stock Market


Sensex, Nifty Plunge Over 2% on Global Weakness, Tensions

Indian equity benchmarks Sensex and Nifty dropped over 2% on Friday, ending a two-day rally due to global market weakness and rising Middle East tensions. The sell-off was driven by high crude prices, rupee depreciation, and foreign fund outflows.

Sensex Tumbles 927 Points, Nifty Drops 281 in Early Trade

Indian stock markets witnessed a sharp decline with Sensex falling 926.92 points and Nifty dropping 280.95 points in early trading. The rupee also hit a record low of 93.96 against the US dollar amid FII outflows and West Asia tensions.

UBS Cuts Cipla Target; Bajaj Finserv, LG India, Others Rated

UBS downgrades Cipla's target price to Rs 1,400 amid supply issues, while Motilal Oswal initiates coverage on Bajaj Finserv. Jefferies, Nomura, CLSA, and JP Morgan issue ratings on LG India, EClerx, Coforge, and United Spirits, highlighting market trends.

Asian Rally, Oil Drop Fuel 2%+ Stock Market Surge

Global stock markets surged over 2% as a significant drop in oil prices and strong rallies across major Asian indices, including Japan's Nikkei and Hong Kong's Hang Seng, boosted investor confidence and market sentiment worldwide.

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