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Consolidation continues in banking stocks; Nifty Bank support placed at 49K: Experts

Posted by Able on May 02, 2024

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The Nifty Bank fell for the second day in a row on Thursday, tracking muted global cues. The index closed 166 points lower at 49,231 while the Nifty50 rose 43 points to close at 22,648.

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Stock Market LIVE Updates: Hong Kong stocks notch 9-day winning streak in longest rally since 2018

Hong Kong stocks extended their rally on Friday, supported by ongoing positive market sentiment fueled by China's increased economic stimulus measures. The Hang Seng Index surged by 1.5%, marking its ninth consecutive day of gains, the longest winning streak since January 2018. Hong Kong-listed Chinese tech giants also saw continued gains, closing 2.7% higher.

Big Daddy LIC manages money nearly double the size of Pakistan's economy

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NSE cautions investors against entity offering guaranteed returns

The National Stock Exchange (NSE) on Friday cautioned investors against an entity offering guaranteed returns on investment in the stock market. The statement came after the exchange noticed that an authorised person of its registered stock broker was offering guaranteed returns and was collecting commission on such assured returns from investors.

Consolidation continues in banking stocks; Nifty Bank support placed at 49K: Experts

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