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.