Markets
Nifty slips below 25,000 as IT, power stocks drag; banks, pharma hold firm
Reported by: BusinessLine ·
Summary
BusinessLine reported that the Nifty slipped below 25,000, with IT and power stocks dragging the index while banks and pharma held firm. In the same report, it said SBI rose 1.82% to ₹1,034.45 from ₹1,016, on 49.10 lakh shares worth ₹506.18 crore. The Nifty is the benchmark index of 50 large companies on the National Stock Exchange, so a level below 25,000 describes where that basket of stocks is trading. A stock "dragging" the index means its fall pulled the overall index down. The SBI figures describe one session's trading: the price moved from ₹1,016 to ₹1,034.45, and 49.10 lakh shares changed hands, worth ₹506.18 crore in total. The report gives no reason for the moves.
AI summary of what BusinessLine reported. AI can make mistakes. Read the full story on BusinessLine
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What each outlet wrote
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BusinessLine · · Tone -2
Nifty slips below 25,000 as IT, power stocks drag; banks, pharma hold firm
SBI led Nifty50 gains, up 1.82% to ₹1,034.45 from ₹1,016, on 49.10 lakh shares worth ₹506.18 crore
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Key terms
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- Nifty
The Sensex and the Nifty 50 are scoreboards for a group of big Indian companies. Learn what they measure and how to read "Sensex up 300 points".
Learn: What are the Sensex and the Nifty?
Earlier coverage
What outlets reported about the same company before this story, newest first.
NDTV Profit ·
Economic Times ·
Business Standard ·
Stocks to watch: Tata Steel, ZEEL, Adani Enterprises, IOCL, SBI, Airtel
Business Standard ·
Stocks to watch: Tata Steel, ZEEL, Adani Enterprises, IOCL, SBI, Airtel
Business Standard ·
Angel One flags Nifty hurdle at 25,150; bullish on ITC, SBI, Force Motors
Business Standard ·
Angel One flags Nifty hurdle at 25,150; bullish on ITC, SBI, Force Motors
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- What happened here, in simple words? Nifty slips below 25,000 as IT, power stocks drag; banks, pharma hold firm
- Where do the outlets differ in how they report this? Nifty slips below 25,000 as IT, power stocks drag; banks, pharma hold firm
- What does "Nifty" mean?