Stock market on the rise: What caused the Nifty, Sensex rebound today?
6 Articles
6 Articles
Nifty rebounds after record 8-week rout, but is this a dead cat bounce investors should fear?
The Nifty rebounded around 1% on Monday after its longest weekly losing streak in 25 years, while the Sensex gained as much as 700 points. However, after an 8-week slide that erased about 8.7%, investors remain unsure whether the gains mark a durable bottom or merely a temporary relief rally before another leg lower.
Mild upward trend driven by Allwyn and buyers in banks.
Stock Market Today: Sensex, Nifty Rebound After Eight-Week Losing Streak
Stock market today: Sensex rose 0.62% and Nifty gained 0.56% as lower oil prices and easing US rate concerns lifted Indian shares. The post Stock Market Today: Sensex, Nifty Rebound After Eight-Week Losing Streak first appeared on INDToday.
Indian stock markets rebounded after their longest weekly losing streak in 25 years. The Nifty rose 0.6% and the Sensex increased 0.67%, as markets await the RBI's first interest rate hike in nearly four years; the decision will be announced on Wednesday.
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