Thu, Apr 18, 2024 5:38 PM
Technical View: Bears maintain strong hold as Nifty breaks 50-day EMA
A Flip by Shubhangi Gupta
Indian stock market: The Indian stock market indices, Sensex and the Nifty 50, ended Tuesday, April 30, trading session in negative, attributed to a late-session selloff influenced by weak global cues. The stock market remained closed on Wednesday, May 1 on account of Maharashtra Day.On Tuesday, Sensex concluded the session 189 points lower, representing a decrease of 0.25 percent.
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The S&P 500 and Nasdaq opened lower on Wednesday as chip stocks led losses after downbeat results and markets exercised caution ahead of more economic data and the Federal Reserve's interest rate decision later in the day. The Dow Jones Industrial Average rose 29.6 points, or 0.08%, at the open to 37,845.56. The S&P 500 fell 6.7 points, or 0.13%, at the open to 5,029.03.
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Johnson & Johnson will ask thousands of people suing over its allegedly tainted baby powder to vote for a settlement that would resolve all litigation for $11 billion — $2.1 billion more than the company offered last year.In a news release Wednesday, J&J urged those who blame the talc-based powder for ovarian cancer to support a third bankruptcy.
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