Spot gold rose 0.14% to $2,446.83 per ounce, while US gold futures increased by 0.8% to $2,488.50.
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Market meltdown: Sensex crashes 2,507 points, Nifty falls 752 points amid US recession fears (05-08-2024)
Slide driven by concerns of potential US recession, speculation about aggressive interest rate cuts by the Federal Reserve
Crude oil up amid apprehensions about possible supply disruptions (05-08-2024)
Market players fear that further escalation of tensions in Iran could disrupt the supply of crude oil to the world market
Suzlon Share Price Today Live Updates: Suzlon shares hit 52-week high (05-08-2024)
Suzlon Share Price Today Live Updates for August 5, 2024: Suzlon stock trades flat after hitting a 52-week high in early trade on Monday.
IPO screener: Last day to subscribe Ceigall India issue (05-08-2024)
Up to 50 per cent of the net offer will be available to qualified institutional buyers, 15 per cent to non-institutional investors and 35 per cent to retail investors
IPO screener: Retail investors take a ride on Day 1 for Ola Electric Mobility (05-08-2024)
QIBs, HNIs remain muted, as the issue enters day 2
Nifty set to tumble over 300 points as Asian stocks sink into sea of red (05-08-2024)
Nikkei plunges another 6% in early deal
Stocks that will see action today: August 5, 2024 (05-08-2024)
Zomato, Infosys, JSW Steel, Adani, Power Mech Projects, Gland Pharma, SJVN, Ashoka Buildcon, Dee Development, Savita Oil, Jay Bharat Maruti, SBI
Stock Market Live Updates 5 August 2024: Sensex, Nifty tumble as Nikkei slumps; analysts expect volatility due to global trends (05-08-2024)
Sensex, Nifty, Share Prices LIVE: The Indian benchmark indices, Sensex and Nifty, opened lower due to weak global cues. At 10 a.m., Sensex tumbles 1270.75 pts or 1.57 % at 79,711.20, while Nifty fell 427.55 points or 1.73% at 24,290.15. This decline was in line with broad losses in Asian markets, with the Nikkei plummeting over 6% and other markets such as Korea, Taiwan, and Australia seeing declines ranging from 2.5% to 7%. Analysts anticipate increased market volatility in India due to factors such as the unwinding of the yen carry trade, geopolitical tensions, and a perceived slowdown in developed economies. Moreover, recent weak US job data and low inflation have fueled expectations for a Federal Reserve rate cut in September. Despite global pressures, analysts expect Indian markets to consolidate as earnings align with high valuations. Key factors influencing market movements this week include the RBI’s interest rate decision, macroeconomic data, and global trends. Foreign Portfolio Investors (FPIs) have begun August with caution, selling ₹1,027 crore in equities after significant inflows in July. The Japanese Nikkei’s decline amid economic concerns highlights the global context impacting Indian markets.
Stock to buy today: Caplin Point Laboratories (₹1,640.05): BUY (05-08-2024)
Caplin Point Laboratories share price can rise to ₹1,750