Today: 29 June 2026
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NSE:CSBBANK 5 January 2026

Sensex slips from record high as IT selloff and Trump tariff talk drag Nifty

Sensex slips from record high as IT selloff and Trump tariff talk drag Nifty

India’s Nifty 50 index hit a record high before closing down 0.30% at 26,250.3 on Monday; Sensex fell 0.38% to 85,439.62. IT stocks led declines after broker warnings and ahead of results, while U.S. tariff threats and geopolitical tensions weighed on sentiment. HDFC Bank slipped on slower deposit growth. Some stocks including Bharat Electronics and Nestle India bucked the trend.
India bank stocks jump up to 8% as CSB Bank hits record high on Q3 update

India bank stocks jump up to 8% as CSB Bank hits record high on Q3 update

CSB Bank shares jumped 7.8% to a record high after reporting 21% deposit growth and a 29% rise in gross advances for the December quarter. Financial stocks rallied, with the BSE Financial Services index and major lenders like State Bank of India and Bank of Baroda hitting new highs. Ujjivan Small Finance Bank also posted strong deposit and loan growth, while its gross NPA ratio improved. Indian benchmark indexes were little changed overall.
India Stock Market Today: Nifty Hit a Record — Then IT Stocks Pulled the Plug

India Stock Market Today: Nifty Hit a Record — Then IT Stocks Pulled the Plug

Nifty 50 hit a record 26,358.25 before slipping to 26,321 in mid-session, while Sensex hovered near 85,665. Nifty IT dropped 2.5% after a CLSA downgrade, with HCLTech down 3.3% and Tech Mahindra off 2%. The rupee traded near 90.2425 per dollar amid strong dollar demand at the RBI fix. U.S. tariff threats and weak IT weighed on risk appetite.

Stock Market Today

  • June 2026 ASX Penny Stocks to Watch Amid Market Uncertainty
    June 28, 2026, 10:27 PM EDT. As global tensions, including U.S.-Iran relations, influence markets, Australian investors eye ASX penny stocks for value and growth. Estrella Resources (ASX: ESR) explores minerals in Australia and Timor-Leste, operating pre-revenue with a market cap of A$53.05 million, debt-free but with limited cash runway. Leadership changes seek to bolster its Timor-Leste projects. Fleetwood Limited (ASX: FWD), valued at A$156.89 million, is exiting its RV segment to focus on modular buildings, reporting a remarkable 302.4% earnings increase despite restructuring costs. Debt-free with strong asset coverage, Fleetwood trades at a P/E of 8.5x but faces management experience challenges. These companies highlight the cautious optimism among traders for affordable growth opportunities in the new financial year.

Latest articles

Trump-era loan caps could open door for private lenders in grad school market

Trump-era loan caps could open door for private lenders in grad school market

29 June 2026
July 1 federal loan caps slash Grad PLUS access, forcing many graduate and professional students to seek private loans; Sallie Mae projects up to 70% origination growth over several years, while SoFi reports record student-loan volume—investors now face a real-time test of how much demand shifts to private lenders as federal limits hit.
IREN Limited (NASDAQ:IREN) slides as Warriors badge faces AI revenue test

IREN Limited (NASDAQ:IREN) slides as Warriors badge faces AI revenue test

29 June 2026
IREN Limited (NASDAQ:IREN) plunged 21.3% to $47.21 over five straight down days despite announcing a record $50M+ annual Warriors jersey deal, as investors focused on the company’s not fully contracted $4.4B target ARR and high short interest at 19.74% of float, with Friday’s close near the lowest analyst target.
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