Equity market LIVE: Sensex down in the red, Nifty drops 17,400, support placed at 17,200; RIL shares jump

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Among their Asian peers, Nikkei 225 and TOPIX advanced with gains while other major indices were down with losses. (Photo: REUTERS)

Share Market News Today | Sensex, Nifty, LIVE stock price: Bears continue to dominate Dalal Street, forcing benchmarks to close with losses on Wednesday. S&P BSE Sensex closed 323 points or 0.55% lower at 58,340 while NSE Nifty 50 finished down 0.5% at 17,415. Bank Nifty, however, managed to finish with gains. Entering the monthly futures and options expiration session, SGX Nifty was in the red. Global indices were mixed in the early hours of trading on Thursday. On Wall Street, the S&P 500 and NASDAQ closed on gains while the Dow Jones was in the red. Among their Asian peers, Nikkei 225 and TOPIX advanced with gains while other major indices were down with losses.

India’s economy will grow 7.8% year-on-year between July and September, HDFC Bank economists said. India will release the official GDP print on November 30. The HDFC bank said real GDP will grow 9.4% in FY2021-2022 and slow to 7.5% in FY2022-23, with base effects driving higher growth. in ongoing budget wear and tear. In the previous fiscal year, India’s GDP had contracted by 7.3% due to the pandemic which halted almost all economic activity. For the current fiscal year, the Reserve Bank of India (RBI) expects GDP to grow by 9.5%, which is expected to slow to 7.8% in FY23. GDP had grown 20% for the first quarter on the lower basis.

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