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via economictimes.indiatimes.comMarkets

Stocks in news: Reliance, Eternal, Alkem, BEL, HPCL, Swiggy and GMDC

FROM THE WIRE · ECONOMICTIMES.INDIATIMES.COM

Indian markets witnessed a downturn on Wednesday, prompted by significant selling in banking stocks. After showing initial promise, the Nifty 50 index dropped by 77.60 points to close at 22,811.35. Reliance Industries celebrated a reaffirmation from ICRA concerning its…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishThe Nifty 50 closed lower on banking stock selling, with several stocks in focus.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01The Nifty 50 dropped 77.60 points to close at 22,811.35.
  2. 02Selling was concentrated in banking stocks.
  3. 03ICRA reaffirmed Reliance's Rs 12,000 crore NCD programme.
  4. 04Eternal reported year-on-year growth in Q2 revenue and net profit.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Nifty 50INDEX:NSEIIndex22,811.35Market closedtoday -0.34%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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