Latest Stock Market News

The decline in yields, however, was much steeper immediately after the release of the data. In morning trading, the benchmark U.S. 10-year yield slipped 1.7 basis points to 4.227% . It dropped as low as 4.15%.

The S&P BSE Sensex closed 0.54% lower at 69,551, while the NSE Nifty 50 index closed just above the 20,900 level.​

Short covering signals a shift in view on a security from extreme bearishness to bullishness.

The near-term uptrend of Nifty is still intact and the market seems to have shifted into minor profit booking mode as per a smaller time frame chart. A move below 20,850 could slide Nifty towards another support of 20,700 levels (10-day EMA), said Nagaraj Shetti of HDFC Securities.

BLS is currently trading at an all-time high of ₹317. The stock has recently experienced a robust breakout of a rounding bottom pattern, accompanied by significant trading volume, forming a strong bullish candle on the daily chart. This trend signals a positive shift in momentum for the stock

For more such web stories click on the ET icon below

The move, which Renault said will reflect a loss on its initial investment of up to 1.5 billion euros ($1.62 billion), will be the first tranche of a series of share sales by Renault to reduce its Nissan stake to 15% from around 43%.

Nifty Bank on Tuesday ended 217 points lower but closed above 47,000 level ahead of the US CPI data on Tuesday and Fed meeting outcome on Wednesday as profit booking, which began in the previous trading session, continued