Stock Market Today: The Nifty was below 20,000 when Indian indices began trading on September 20. The Nifty was down 143 points, or 0.71 percent, at 19,990.30, while the Sensex was down 510.11 points, or 0.75 percent, at 67,086.73. A total of 845 shares increased, 1170 shares decreased, and 172 shares remained unchanged. Among the top losses on the Nifty were HDFC Bank, Apollo Hospitals, BPCL, Hindalco Industries, and Britannia Industries, while the top gainers were ICICI Bank, Cipla, L&T, Adani Enterprises, and SBI Life Insurance.
Asian stocks struggled; dollar firms
The 10-year U.S. Treasury yield hit a 16-year high on Wednesday, but Asian markets struggled to gain ground. Rising oil prices are fueling inflation and creating the conditions for the Federal Reserve to project interest rates will remain higher for longer. In front of the Federal Reserve’s highly anticipated rate announcement later in the day, the dollar on Wednesday maintained its strength but weakened marginally against the yen.As traders awaited the Federal Reserve’s interest rate announcement, the U.S. dollar index, which compares the dollar to a basket of peers, remained largely unchanged at 105.13.
Stock Market Today: Bank of Baroda
At its current price of 216, Bank of Baroda stock seems to be a great opportunity for investors to buy. Several important indicators back up this conclusion. The Bollinger band is currently expanding on the stock, indicating higher volatility and the potential for an upward movement. The 20, 50, 100, and 200-day exponential moving averages of the Bank of Baroda share price are trading above their key moving averages, indicating a favourable trend in the performance of the stock.
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