Thu, Oct 8, 2020 10:56 AM
TCS hits a new all-time high, market cap nears Rs10.72 lakh cr
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📈 Domestic benchmark indices closed on a negative note on 16-April-2024 📢 At 3:30 PM, the Sensex tanked by 456.10 points or 0.62% at 72,943.68, and the Nifty was down 124.60 points or 0.56% at 22,147.90. 📊Among sectoral, Nifty FMCG (⬆️0.43%) turned out to be the best performer while Nifty IT (⬇️2.58%) saw considerable selling.
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Stock markets across Asia ended lower and the US dollar rose to a over five-month highs on Tuesday, amid concerns around delayed rate action by US Federal Reserve, China's growth worries and an Israeli counter-strike. Track all the global market action on Moneycontrol right here. MSCI index of Asia-Pacific shares ex-Japan fell 1.4%, while Japan's Nikkei ended lower by 1.6%.
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After 2 straight months of rising, the benchmark Nifty has shed 0.7 percent in April so far on the back of rising tensions in the Middle East as well as higher-than-expected US retail sales in March, crushing hopes of timely rate cuts this year. Going ahead, the market will take cues from 1) the outcome of the Lok Sabha elections to be held in Apr/May’24, and 2) the timing and quantum of easing.
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