Indusind bank ltd., Financial services company

Mumbai, Aug 2 Domestic benchmark indices ended flat on Tuesday after rising for four consecutive sessions due to multiple negative global cues.At close, Sensex ended 20.86 points or 0.04 per cent up at 58,136.36, while Nifty was up 5.40 points or 0.03 per cent at 17,345.PSU bank index surged 2.5 per cent on Tuesday, while IndusInd Bank, Asian Paints and NTPC were among the major contributors in the Sensex. About 1,889 shares have advanced, 1,483 shares have declined, and 122 shares remained unchanged.The BSE mid-cap and small-cap indices rose up to 0.5 per cent. However, the Nifty Realty Index fell 1.7 per cent."Global indicators did not favour bulls, with most Asian and Western markets trading over concerns of rising geopolitical tension between the US and China. Additionally, economic data point towards a decrease in demand, while major markets throughout the world are trading with recessionary fears."The domestic market, however, has proven resilient thanks to increased demand in heavyweights and a strengthening Indian rupee underpinned by falling US treasury yields and FIIs buying," said Vinod Nair, Head of Research at Geojit Financial Services.Asian stock markets ended in red due to mounting tension between the US and China over US House of Representatives Speaker Nancy Pelosi's expected visit to Taiwan.Dismal manufacturing readings from Asia and Europe have also raised concerns over a potential global recession. European shares fell on Tuesday as weak global factory data fanned economic slowdown fears.MSCI World equity index, which tracks shares in 47 countries, fell 0.4 per cent, while the Euro STOXX 600 shed 0.7 per cent."Nifty seemed to have halted after four days of sharp rise. It may now consolidate/correct slightly before embarking on the next move; 17,173-17,390 could be the band for the Nifty in the near term," said Deepak Jasani, Head of Retail Research, HDFC Securities.Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Indusind Bank Ltd.FOLLOW

Indusind bank ltd., Latest News

IndusInd Bank on Friday announced a strategic partnership with Asian Development Bank (ADB) to support and promote supply chain finance solutions in India. ...

Mumbai, Aug 30 Benchmark indices ended sharply up on Tuesday after falling sharply on Monday due to delivery-based ... ...

The Indian stock market's key indices, Sensex and Nifty, witnessed choppy trading on Wednesday as gains in power, banking and financial stocks offset losses in IT stocks. ...

New Delhi, 19th August 2022: Along with ‘Azadi Ka Amrit Mahotsav’, this Independence Day is a celebration of the ... ...

August 18:Along with ‘Azadi Ka Amrit Mahotsav’, this Independence Day is a celebration of the Indian Investment Landscape and ... ...

Aurangabad, August 17: Utopian Kidzone celebrated Azadi ka Amrit Mahotsav, the 76th Independence Day of India, with great enthusiasm. ... ...

The Indian stock market's benchmark Sensex was trading 464 points higher in the afternoon session on Monday led by strong buying support in the index heavyweights Reliance Industries Limited and HDFC Bank. ...

Mumbai, Aug 2 Domestic benchmark indices ended flat on Tuesday after rising for four consecutive sessions due to ... ...