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Indices: Stock market update: Nifty Bank index falls 0.24%

Indices: Stock market update: Nifty Bank index falls 0.24%

Time of India22-05-2025

The Nifty Bank index closed 0.24 per cent down at 54941.3.
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NEW DELHI: The Nifty Bank index closed on a negative note on Thursday.Shares of IndusInd Bank Ltd.(up 1.96 per cent), IDFC First Bank Ltd.(up 0.3 per cent) and Federal Bank Ltd.(up 0.18 per cent) ended the day as top gainers in the pack.On the other hand, Punjab National Bank(down 1.51 per cent), Canara Bank(down 0.93 per cent), Axis Bank Ltd.(down 0.78 per cent), Au Small Finance Bank Ltd.(down 0.55 per cent) and HDFC Bank Ltd.(down 0.36 per cent) finished as the top losers of the day.The Nifty Bank index closed 0.24 per cent down at 54941.3.Benchmark NSE Nifty50 index ended down 203.75 points at 24609.7, while the BSE Sensex stood down 644.64 points at 80951.99.Among the 50 stocks in the Nifty index, 8 ended in the green, while 42 closed in the red.Shares of Vodafone Idea, Tata Teleservices, NTPC Green Energy, YES Bank and Tata Steel were among the most traded shares on the NSE.Shares of Interarch Building, Stampede Cap(DVR), India Glycols, Solar Ind. and SecMark Consultancy hit their fresh 52-week highs in today's trade, while Aditya Birla Retail, R K Swamy, California Soft(PP), Chembond Chem and Career Point hit their fresh 52-week lows.

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ET Market Watch: Sensex Ends Flat as Banks Drag, Nifty Holds 25,100
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ET Market Watch: Sensex Ends Flat as Banks Drag, Nifty Holds 25,100

Transcript D-Street hit the pause button today! The Sensex slipped 53 points, closing at 82,391, while the Nifty managed to hold above 25,100 — up just 1 point! Why flat? Banking stocks dragged the mood down despite global optimism and RBI policy support. HDFC Bank and ICICI Bank cooled off after a 4-day rally — both down nearly 0.6–0.8%. But tech saved the day! Nifty IT jumped 1.7% — thanks to hopes of a U.S.-China trade thaw. Top gainers? Tech Mahindra, Infosys, HCL Tech – all up over 1–2%. Big movers: • RattanIndia Enterprises +19% • Reliance Power +10% • Adani Power +5% However, real estate slipped: Prestige, DLF, Lodha — all fell 1–3%. Globally? Markets are cautiously optimistic as U.S.-China trade talks extend into a second day. Fed rate cut bets are cooling. Traders broadly expect the Federal Reserve to hold rates steady at its policy meeting next week, with markets pricing in just 44 basis points of rate cuts by December. The Indian rupee closed at 85.6025 against the U.S. dollar on Tuesday, nearly unchanged from its previous close of 85.62, mirroring muted moves in most Asian currencies. Oil prices edged higher on Tuesday, supported by optimism around ongoing U.S.-China trade talks and expectations of a slight dip in Saudi Arabia's crude exports to China. Brent crude futures rose 16 cents to $67.20 a barrel while U.S. West Texas Intermediate (WTI) crude gained 14 cents, or 0.2%, to trade at $65.43. Stay tuned. It's a wait-and-watch week — especially for Fed policy next week.

ET Market Watch: Sensex Ends Flat as Banks Drag, Nifty Holds 25,100
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Transcript D-Street hit the pause button today! The Sensex slipped 53 points, closing at 82,391, while the Nifty managed to hold above 25,100 — up just 1 point!Why flat?Banking stocks dragged the mood down despite global optimism and RBI policy Bank and ICICI Bank cooled off after a 4-day rally — both down nearly 0.6–0.8%.But tech saved the day!Nifty IT jumped 1.7% — thanks to hopes of a U.S.-China trade gainers? Tech Mahindra, Infosys, HCL Tech – all up over 1–2%.Big movers:• RattanIndia Enterprises +19%• Reliance Power +10%• Adani Power +5%However, real estate slipped: Prestige, DLF, Lodha — all fell 1–3%.Globally?Markets are cautiously optimistic as U.S.-China trade talks extend into a second rate cut bets are cooling. Traders broadly expect the Federal Reserve to hold rates steady at its policy meeting next week, with markets pricing in just 44 basis points of rate cuts by Indian rupee closed at 85.6025 against the U.S. dollar on Tuesday, nearly unchanged from its previous close of 85.62, mirroring muted moves in most Asian prices edged higher on Tuesday, supported by optimism around ongoing U.S.-China trade talks and expectations of a slight dip in Saudi Arabia's crude exports to crude futures rose 16 cents to $67.20 a barrel while U.S. West Texas Intermediate (WTI) crude gained 14 cents, or 0.2%, to trade at $ tuned. It's a wait-and-watch week — especially for Fed policy next week.

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