Global as well as domestic macroeconomic indicators dictated the stock market trend this week. After a positive start to the week, Indian stock markets witnessed a major sell-off across the board.
To get a sense of what drove the stock markets all over, we talk about the key developments this week.
Weak global markets coupled with concerns over oil prices and assembly elections rattled Indian markets. Sensex fell over 600 points while Dow Jones Industrial Average plunged over 800 points intraday.
Besides, RBI's Monetary Policy and crude oil prices also guided the stock market direction this week. Stocks like Sun Pharma and Kotak Mahindra Bank were in focus.
With the state and general elections ahead, market participants expect the stock markets to remain volatile. So, what should you as an investor do in such times? Co-head of Research, Rahul Shah talks about his mantra to ride out the volatility in times like these.
Tune in...
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What else is happening in the markets today? Dig in...
J&K BANK share price is trading up by 8% and its current market price is Rs 32. The BSE BANKEX is up by 2.8%. The top gainers in the BSE BANKEX Index are J&K BANK (up 7.6%) and RBL BANK (up 5.2%).
RELIANCE IND. share price is trading up by 5% and its current market price is Rs 2,216. The BSE OIL & GAS is up by 1.3%. The top gainers in the BSE OIL & GAS Index is RELIANCE IND. (up 5.1%). The top losers are PETRONET LNG (down 0.1%) and BPCL (down 0.4%).
AU SMALL FINANCE BANK share price has hit an all time high at Rs 1,224 (up 4.2%). The BSE BANKEX Index is up by 2.8%. Among the top gainers in the BSE BANKEX Index today are AU SMALL FINANCE BANK (up 4.2%) and KOTAK MAHINDRA BANK (up 3.0%).
REDINGTON share price is trading down by 5% and its current market price is Rs 200. The BSE 500 is up by 1.9%. The top gainers in the BSE 500 Index are IFCI (up 19.9%) and IDBI BANK (up 12.1%). The top losers are REDINGTON (down 5.1%) and SYMPHONY (down 5.1%).
RBL BANK share price is trading up by 5% and its current market price is Rs 249. The BSE BANKEX is up by 2.7%. The top gainers in the BSE BANKEX Index are RBL BANK (up 5.0%) and FEDERAL BANK (up 5.7%).
BSE Sensex is trading up by 586 points, while the NSE Nifty is trading up by 190 points.
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