Today: 28 June 2026
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NSE:OIL 29 September 2025 - 28 April 2026

India Stock Market Today: Sensex Slides, Nifty Tests 24,000 as Bank Stocks Stall Rally

India Stock Market Today: Sensex Slides, Nifty Tests 24,000 as Bank Stocks Stall Rally

Sensex dropped 359 points to 76,944.91 and Nifty 50 fell 86 points to 24,006.70 by 2 p.m. in Mumbai. State-run banks led declines after the RBI finalized new expected credit-loss rules, with the Nifty PSU Bank index down nearly 2%. Coal India, ONGC, and Oil India gained on earnings and firm crude prices but failed to offset broader losses. Market breadth was negative, with more stocks falling than rising.
India stock market today: Nifty, Sensex end higher on EU trade deal buzz and budget positioning

India stock market today: Nifty, Sensex end higher on EU trade deal buzz and budget positioning

Nifty 50 rose 0.66% and Sensex gained 0.60% at Wednesday’s close, marking a second straight day of gains. Defence, infrastructure, and energy stocks led advances ahead of the Feb. 1 budget. Oil India surged 9.6% and Bharat Electronics hit a record after strong earnings. The rupee edged lower as traders watched for the U.S. Fed decision.
Asian Markets Rally on Tech and Energy Gains – Investors Eye U.S. Shutdown Risk

Asian Markets Rally on Tech and Energy Gains – Investors Eye U.S. Shutdown Risk

Hong Kong’s Hang Seng rose 1% and South Korea’s KOSPI gained 1.3% Monday, while Japan’s Nikkei 225 slipped 0.8%. Energy stocks led gains in India, with Oil India up 2.2% after a gas find. China’s factory PMI is forecast below 50 for September, signaling continued contraction. U.S. government shutdown fears and new tariffs weighed on global sentiment as the dollar eased to ¥148.9.

Stock Market Today

  • Progressive Auto Insurance Stock Seen as Resilient Asset Amid Recession Fears
    June 28, 2026, 5:53 PM EDT. Progressive (PGR) shares rose 4.05% as investors weigh recession risks. The company sells auto insurance, a product legally required, making its revenue stream relatively stable even during downturns. Progressive manages a $96 billion investment portfolio, over 90% in bonds, generating $1.5 billion in quarterly investment income, which supports resilience in economic stress. Potential bear markets could enable Progressive to shift investments toward stocks, positioning the firm for gains in subsequent market recoveries. With a strong capital base and consistent premium inflows, analysts see Progressive as a defensive stock with long-term growth prospects in uncertain market conditions. Current stock price stands at $224.26 with a 6.45% dividend yield, offering potential value during market dips.

Latest articles

AMD stock trades short week over Street average after chip selloff

AMD stock trades short week over Street average after chip selloff

28 June 2026
AMD closed Friday down 2.06% at $521.58—still 3.6% above the average analyst target of $502.92—after heavy volume and a weeklong chip sector selloff, leaving investors with little margin for error as the stock outpaces Wall Street expectations ahead of the July 3 market holiday.
Tesla slips again heading into delivery mix test; TSLA energy gap now wider

Tesla slips again heading into delivery mix test; TSLA energy gap now wider

28 June 2026
Tesla closed at $379.71, up 1.22% Friday but down 5.2% for the week, as Q2 delivery consensus shows a 1.1% gain to 406,024 vehicles—driven solely by Model 3/Y—while “all other models” decline, raising questions about Tesla’s $1.43 trillion valuation with 2026 vehicle growth nearly flat versus 2025.
ACHR stock: Archer Aviation Texas proposal falls short after strong support

ACHR stock: Archer Aviation Texas proposal falls short after strong support

28 June 2026
Archer Aviation (NYSE:ACHR) failed to secure enough shareholder votes for its Texas redomestication plan despite over 80% support from shares voted, keeping its annual $250,000 Delaware tax bill and leaving the stock near a 52-week low, with short interest at 19.43% of float and a five-day loss of 10.31%.
Bradesco (BBDC4) lags as Brazil bank stocks rise; heavy volume on slow days

Bradesco (BBDC4) lags as Brazil bank stocks rise; heavy volume on slow days

28 June 2026
Bradesco preferred shares rose 2.6% last week but lagged the Ibovespa’s 3.0% gain, with over half of BBDC4’s weekly turnover concentrated in two sessions where the stock slipped; investors now eye the July 3 dividend record date and July 6 ex-date, with the declared dividend equaling about 1.6% of BBDC4’s Friday close.
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