Market Update: The market recovered on Thursday after declining for seven straight sessions, with the Nifty closing the September series above its crucial 9,750 mark. Gains were, however, capped by expectations of further rate hikes by the US Federal Reserve, tensions over North Korea, rising crude prices and worries of widening fiscal deficit on increased government spending to boost a
The stock market fell sharply by 1.4 percent amid retaliatory fire on insurgents at Myanmar border on Wednesday, and after Fed chair signaled the possibility of rate hike by December this year. The NSE Nifty closed below psychological 9,800 level ahead of expiry of September derivative contracts on Thursday. The fall was driven by selling pressure across sectors. Nifty Pharma
Market Update: The market trimmed most of its intraday losses to end flat with the Nifty reclaiming its crucial 9,850 mark ahead of derivatives expiry of September series due on Thursday. The markets extended losses in line with Asia and logged sixth straight session of declines, as continued tensions on the Korean Peninsula prompted investors to move into safer assets.