• Feedback
  • RSS Feed
  • Sitemap
Ommcom News
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
Odisha News, Odisha Breaking News, Odisha Latest News || Ommcom News
Home Business

Sensex Slips More Than 500 Points

OMMCOM NEWS by OMMCOM NEWS
March 15, 2024
in Business

New Delhi: BSE Sensex is trading at 72,576.14 points, down by 521.14 points on Friday.

HPCL was down by 7 per cent, NTPC more than 3 per cent, M&M, Tata Motors more than 2 per cent and IOC, BPCL more than 6 per cent.

“The rebound in the market on Thursday after the Wednesday crash is unlikely to sustain. Brent crude rising to $85 and the 10-year US bond yield spiking to 4.29 per cent are headwinds for the market,” said V. K. Vijayakumar, Chief Investment Strategist, Geojit Financial Services.

“Results of the stress tests conducted by the mid and small cap schemes of mutual funds expected today will be keenly watched by the market. If there are clear signs of stress there can be regulatory action by the SEBI, which will impact sentiments in the broader market,” he said.

“Even without stress tests, the broader market valuations are expensive, and in some pockets, valuations are frothy. This is clearly unsustainable. Even when prospects for certain sectors are good, valuations have run ahead of fundamentals. Low floating stock in many segments has resulted in prices shooting up,” he said.

“Investors should understand that high quality largecaps with good growth prospects are available at fair valuations. Focussing on such stocks would be safer than chasing smallcaps with stretched valuations,” he added.

Deepak Jasani, Head of Retail Research, HDFC Securities said state-run Oil Marketing Companies (OMCs) announced a reduction in petrol and diesel prices by Rs 2 per litre across the country.

Asian markets opened lower following declines on Wall Street as new data weakened the case for imminent Federal Reserve interest rate cuts, he said.

(IANS)

Tags: BSE SensexSensex
ShareTweetSendSharePinShareSend
Previous Post

Two Youths Injured As Miscreants Open Fire In Sundargarh

Next Post

PM Modi To Visit Bhutan Next Week

Related Posts

Piyush Goyal
Business

Piyush Goyal Holds Meet To Speed Up Work On Vadhavan Port Project In Maharashtra

October 21, 2025
Core Industries
Business

India’s Eight Core Industries Clock 3 Pc Growth In September

October 21, 2025
India's Export
Business

India Diversifies Export Market To Counter US Tariff Hike

October 21, 2025
Justice Pratibha M Singh
Business

Piyush Goyal Hails Justice Pratibha M Singh’s Appointment As WIPO Advisory Board Chair

October 21, 2025
Ola Electric
Business

Ola Electric Shares Tumble After CEO Bhavish Aggarwal Booked In Employee Suicide Case

October 21, 2025
Muhurat Trading Session
Business

Sensex, Nifty End Higher In Muhurat Trading Session As Samvat 2082 Begins

October 21, 2025
Next Post
prime minister narendra modi

PM Modi To Visit Bhutan Next Week

SC To Hear On March 19 Pleas Seeking Stay On Citizenship Amendment Rules

Odisha Woman Among Two Held For Selling Nieces in Rajasthan

KHIMJI
OMC
  • Feedback
  • RSS Feed
  • Sitemap

© 2025 - Ommcom News. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ

© 2025 - Ommcom News. All Rights Reserved.