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Sensex crashes by 895 43 points
Sensex crashes by 895 43 points

United News of India

time2 days ago

  • Business
  • United News of India

Sensex crashes by 895 43 points

Mumbai, June 13 (UNI) The BSE Sensex on Friday crashed by 895.43 points to 80,796.55 in early trade, as Israel's military strikes on Iranian nuclear facilities sent shockwaves through global markets, triggering a risk-off mood across asset classes and amplifying domestic concerns following the fatal crash of an Air India Dreamliner. see more.. Anupam Rasayan India Ltd signs MPA with a Japanese Multinational Conglomerate 12 Jun 2025 | 9:03 PM Mumbai, Jun 12 (UNI)Anupam Rasayan India Ltd on Thursday said that it has signed a long-term Master Purchase Agreement (MPA) with a Japan-based Multinational Conglomerate., a global leader in fluorochemicals and advanced technology solutions. see more.. Torrent Green Energy wins 300 MW wind project 12 Jun 2025 | 8:21 PM New Delhi, June 12 (UNI) Torrent Green Energy Private Limited, a wholly owned subsidiary of Torrent Power Limited, has bagged a 300 MW wind power project under the Wind Tranche-XVIII auction conducted by the Solar Energy Corporation of India (SECI). see more.. Flipkart and Telangana govt host workshop on 'e-Commerce for Meeseva representative' 12 Jun 2025 | 6:21 PM Hyderabad, June 12 (UNI) Flipkart, India's homegrown e-commerce marketplace, in collaboration with the Government of Telangana, conducted a workshop here on Thursday aimed at equipping MeeSeva representatives with the knowledge and skills required to facilitate market access for local businesses through e-commerce. see more.. Hyd: Cyient partners with MIPS to develop ASIC and ASSP solutions 12 Jun 2025 | 5:26 PM Hyderabad, June 12 (UNI) Cyient Semiconductors Private Limited, a fast-growing custom silicon company based in Hyderabad, and MIPS, a global leader in RISC-V processor IP, on Thursday announced a strategic collaboration to develop domain-optimized ASIC (application-specific integrated circuit) and ASSP (application-specific standard product) solutions that leverage the MIPS Atlas portfolio of advanced, efficient processor IP. see more..

Stock market today: 97 stocks hit 52-week highs, 34 stocks at 52-week low as Nifty 50, Sensex end 1% over lower
Stock market today: 97 stocks hit 52-week highs, 34 stocks at 52-week low as Nifty 50, Sensex end 1% over lower

Mint

time3 days ago

  • Business
  • Mint

Stock market today: 97 stocks hit 52-week highs, 34 stocks at 52-week low as Nifty 50, Sensex end 1% over lower

Stock market today: On Thursday, 97 stocks hit their 52-week high, including Anupam Rasayan India Ltd, AstraZeneca Pharma India Ltd, AU Small Finance Bank Ltd, Deepak Fertilisers & Petrochemicals Corporation Ltd, Divis Laboratories Ltd, Eris Lifesciences Ltd, Intellect Design Arena Ltd, Laurus Labs Ltd, Manappuram Finance Ltd, Muthoot Finance Ltd, and Procter & Gamble Health Ltd. In contrast, 34 stocks touched 52-week lows, with notable mentions like Aditya Birla Fashion and Retail Ltd, National Standard (India) Ltd, Neopolitan Pizza And Foods Ltd, and Rex Sealing and Packing Industries Ltd. Indian stocks dropped on Thursday due to ongoing uncertainties regarding the US-China trade agreement and rising geopolitical tensions in the Middle East, which negatively impacted investor risk appetite. The Nifty 50 index decreased by 1.01% to 24,888.2, ending its six-day winning streak, while the BSE Sensex fell by 1% to 81,691.98. Both small-cap and mid-cap stocks fell by 1.8% and 1.6%, respectively. All 13 major sectors experienced declines. Global market sentiment deteriorated even though US President Donald Trump stated that a tariff framework with China was established, as the lack of specific terms kept markets anxious. Vinod Nair, who leads research at Geojit Investments, noted that the consolidation in domestic markets is developing into a widespread trend, now affecting large-cap stocks as well. Concerns over valuations and climbing oil prices—propelled by tensions in the Middle East—are increasing risk aversion among investors. The IT, metals, and auto sectors have generally lagged behind in performance. Nair believes that compounding the uncertainty, the US is contemplating imposing unilateral tariff increases on several significant trading partners, with an announcement anticipated within the next week or two, ahead of the early July deadline. At the same time, gold is experiencing a new wave of safe-haven buying due to rising geopolitical and economic uncertainties. According to Rupak De, Senior Technical Analyst at LKP Securities, Nifty 50 slipped sharply following a consolidation breakdown on the daily chart, indicating bearish pressure around the recent market top near 25,200. The index found support near the lower end around 24,850 and managed to hold above this level. Despite the sharp fall, other technical conditions remain intact, suggesting that the broader trend is still strong and a short-term reversal is possible. However, a decisive break below 24,850 could weaken market sentiment. On the higher side, 25,000 is likely to act as immediate resistance. Disclaimer: The views and recommendations above are those of individual analysts, experts and broking companies, not of Mint. We advise investors to check with certified experts before making any investment decision.

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