Share Market Today LIVE | Sensex, Nifty, BSE, NSE, Share Prices, Stock Market News Updates 17 February, Friday
11:38 (IST) 17 Feb 2023
Further consolidation to help India become attractive again
A DSP MF report mentions that the recent flat performance of Nifty Index compared to a 26% rally in the MSCI Emerging markets index has resulted in the vanishing of the high valuation premium that India had over its emerging market peers. This is a positive development as foreign inflows in India had become muted lately due to high valuations. Further consolidation and steady earnings growth can cause India to become attractive once again as we progress into 2023.
11:15 (IST) 17 Feb 2023
Gold prices hit one-month low
The price of the yellow metal has hit a 1-month low of $1835. The immediate fall in the price of gold is the result of the economic data in the US. The PPI data – a key inflation metric rose in January (MoM). This has led to concerns about Fed introducing more extensive rate hikes to control inflation. The data also pushed the Dollar index towards the 104 level, a higher dollar makes gold buying more expensive.
– Colin Shah, MD, Kama Jewelry
09:10 (IST) 17 Feb 2023
Nifty, Sensex fall in pre-open
Domestic equity indices NSE Nifty and BSE Sensex fall in the morning’s pre-open session. Sensex slid 325 points to 60,994, while Nifty dropped 0.3% to 17,977.
