Stock Market LIVE: Sensex, Nifty Recovery | IT, Auto Stocks
Here’s a summary of the stock market updates as of 9:01 AM on Wednesday, November 19th:
* Market Indices:
* Sensex: Fell 23.07 points (0.03%) to 84,649.95
* Nifty50: Up 8.05 points (0.03%) to 25,918.10
* Rupee: Opened 4 paise stronger at 88.57 per US dollar (vs. 88.61 on Tuesday).
* AI Stock Trend: A decline in AI stocks globally is seen as potentially positive for India, potentially attracting Foreign Portfolio Investment (FPI) as the AI trade cools. Experts advise prioritizing safety in large-cap stocks.
* Federal Reserve: Donald Trump has indicated he has a potential replacement for jerome Powell as Federal Reserve chair.
* SBI Cards: Elara Capital upgraded SBI Cards to ‘Accumulate’ and raised its target price to ₹1,006, citing improvements in asset quality and profitability.
