October 20, 2021

Stock Market Highlights Today: Nifty forms a small bearish candle on daily chart. What does it signal for tomorrow’s trade?

After choppy moves throughout the day, benchmark indices ended in the red ahead of the US Fed meeting outcome and newsflow over Evergrande debt crisis. Media stocks were under the spotlight amid the announcement of the ZEE-Sony merger. Realty stocks also saw massive buying as Karnataka cut stamp duty. However, banks and financial services ended down. The 30-share pack Sensex fell 77.94 points or 0.13 per cent to close at 58,927.33. The index gyrated 300 points before closing. Its broader peer NSE Nifty declined 15.35 points or 0.09 per cent to 17,546.65.

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Wall Street opens higher as Evergrande concerns ease; Fed in focus

The Dow Jones Industrial Average rose 87.03 points, or 0.26 per cent, at the open to 34,006.87. The S&P 500 opened higher by 13.24 points, or 0.30 per cent, at 4,367.43. The Nasdaq Composite gained 54.19 points, or 0.37 per cent,…

Read full article here: economictimes.indiatimes.com