archiveIndia Pakistan ceasefire effect

Sensex market crash, Dalal Street volatility, Nifty50 correction, profit booking in Indian markets, Geojit VK Vijayakumar comment, India Pakistan ceasefire effect, US-China tariff rollback, Indian IT sector outlook, pharma sector pressure, stock market short coveringIndian equity markets opened with steep losses on Tuesday, just a day after a euphoric rally, as investors resorted to aggressive profit-taking, triggering extreme intraday volatility. The BSE Sensex plunged 902.68 points to 81,527.22, while the NSE Nifty50 slipped 229.60 points to 24,713.60 during early trade before staging a partial recovery. The sharp swings reflect uncertainty...

The Indian rupee opened sharply higher at 84.62 per US dollar on Tuesday (May 13), strengthening by 75 paise from Friday’s (May 9's) close of 85.37. The forex market was shut on Monday (May 12) due to Buddha Purnima.The sharp rebound comes after India and Pakistan agreed to a ceasefire over the weekend, easing geopolitical tensions that had rattled investors. Indian equity markets responded with a powerful rally on Monday (May 12), with benchmark indices rising nearly 4%, marking their best day in four years. The global backdrop also turned...