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Stock Market News: FIIs Leaving Indian Market Making Sensex and Nifty Slide Down For the 5th Session.

 

The share market today is on a decline for the 5th consecutive day amidst the US Fed indicating that the pace of rate cuts will be slower ahead with only two more rate cuts to be expected by the end of 2025, and the rate cut outlooked and disappointed the market sentiment worldwide including India. 

The Foreign Institutional Investments have sold more than Rs 12000 crore of Indian stocks in the past few days because of the US dollar getting stronger and rising bond yields. The Indian rupee has been loosening its strength making it to Rs 85.34 per dollar on Friday. A weak currency discourages foreign investors from investing in the Indian markets as it reduces their gains when they convert them back to their home currencies. This also leads to the foreign capital outflow which further pressures the market. A weak Indian currency could also lead to higher inflation rates as imports of goods and raw materials have become expensive which is again negative for the market conditions.

Heavyweight stocks like Tech Mahindra, Axis Bank, TCS, IndusInd Bank, UltraTechCement, SBI, etc. have pulled the Sensex down by more than 350 points. Other stocks that have pulled down in the NIFTY 50 are Wipro, HCL, Cipla, Shriram Finance, Trent, Tata Motors, Britannia, Adani Ports, Eicher Motors, ONGC, etc. losing up to 3% of their stock value from their previous closing.

Amidst the losses incurred because of national and international pressure, some of the companies have seen a surge of more than 2% in their stock price today.  Let’s check down at the share market live updates to have better clarity on stocks performing well today.

 

Dr Reddys Lab 

 

Dr Reddys Laboratories Ltd. is the only stock that is leading with gain for the 2nd consecutive day with nearly 2% today from its previous day’s closing of Rs 1326.00. The stock has been trading all day and has reached the highest day value of Rs 1368.00 and is currently trading at an LTP of 1355.60. The stock has been making significant profits for the last 3 days indicating the strong performance of this company in the pharmaceutical and drugs sector amidst the rising tension in the global market.

 

Apollo Hospitals Enterprises Ltd.

 

The Apollo Hospital has seen a moderate surge in its stock price by 0.5% from its previous closing of Rs 7297.55 per stock price. The stock went on a day high of Rs 7389 and is currently running at an LTP of Rs 7331.80.

 

Hindalco

 

Hindalco in the metal and mining industry have also generated a little surge in their stock prices by 0.06% from its previous closing of Rs 629.35 per stock price. The stock has been trading the whole day and has gone to a day high of Rs 640.60 and is currently trading at an LTP of Rs 630.15 per stock price.

 

JSW steel

 

The JSW steel share price has been rising in a very slow growth of 0.19% from its previous day’s closing of Rs 925.95. The stock went to a day high of Rs 941.70 and is at an LTP of Rs 928.95 per stock price.