Market analysts express concerns about Nifty's downward trend, with support around 23,600 and potential declines towards 23,500. Bank Nifty shows weakness, with critical support at 51,800. Caution is advised amidst geopolitical tensions and inflation worries.

Headline indices Nifty 50 and Sensex fell sharply after a lacklustre opening on Thursday, pressured by the losses in banking and information technology, as escalating geopolitical tensions resulting from the Russia-Ukraine war dented investor sentiment.

US: Federal Reserve Governor Michelle Bowman will speak at the Annual Symposium on Building the Financial System of the 21st Century — 4:45 a.m. Rupee appreciated 5 paise to close higher at 84.45 against the US dollar. It opened flat at 84.49 on Friday. The Indian unit closed at 84.50 on Thursday, according to data on Bloomberg.

A day after suffering strong losses of about 1.5 per cent, Indian stock market benchmarks- the Sensex and the Nifty 50 - jumped by almost a per cent each intraday on Friday, November 29.

Indian benchmark indices Nifty 50 and Sensex ended the previous trade session in the red. Nifty 50 closed at 23,914.15, while Sensex ended at 79,043.74.

The Nifty 50 ended the session with a gain of 0.91%, closing at 24,131, while the Sensex rallied by 0.91%, finishing at 79,760. However, the broader markets underperformed the benchmark indices.

Infosys fell 2.86 per cent to Rs 1,869.16. Tech Mahindra, HCL Tech and TCS fell 2.68 per cent, 1.91 per cent and 1.42 per cent, respectively. M&M fell 2.52 per cent to Rs 2,934.7. The auto major recently unveiled of two electric SUV models.

The BSE’s 30-share Sensex slid 1,039.26 points to 79,194.82, after opening at 80,281.64, compared to the previous close of 80,234.08. At 2:00 pm, the index was trading at 79,438.81, down 0.99 per cent.

The Indian stock market saw a massive crash during the afternoon trading hours on Thursday, November 28, 2024. At 2:50 pm IST, the benchmark BSE Sensex fell by a whopping 1,163.92 points or by 1.45%,