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Bajaj Finance trading volume dips, oil prices fall, and GIFT Nifty declines

EditorPollock Mondal
Published 11/16/2023, 02:29 AM
© Reuters.

MUMBAI - Bajaj Finance experienced a significant decrease in trading volume today, with the number of units traded dropping to 741,972 from its weekly average of 1,923,440 units. This decline in activity comes amidst a broader market environment where key indices and commodities have also seen movements.

Oil prices have retreated, with Brent crude falling by 0.85% to $80.49 per barrel and Nymex crude declining by 0.91% to $75.96 per barrel. In the currency markets, the U.S. Dollar Index is currently at 104.4, reflecting the dollar's strength against a basket of other major currencies.

In the bond market, the yield on the U.S. 10-year bond is standing firm at 4.50%, which is a significant indicator for investors on the trajectory of interest rates and economic expectations.

The GIFT Nifty index edged lower early in the day by 12 points to stand at 19,752.5. In the cryptocurrency space, Bitcoin saw a modest decrease of 0.45%. Additionally, there were price band revisions for EMS and Bliss GVS Pharma.

Corporate announcements included interim dividend declarations with Bayer (OTC:BAYRY) Cropscience and Power Grid setting their ex/record dates for these payouts to shareholders. These developments are particularly important for investors tracking income-generating stocks.

Moreover, insider trading activity was reported between Sunday and Monday as Arti Mody of Sasken Technologies and Jagdish Kumar Arora of Som Distilleries & Breweries purchased shares in their respective companies while Nidhi Rajgarhia of Usha Martin sold shares.

Market participants are keeping an eye on these movements as they may signal broader trends or company-specific developments that could impact investor decisions and market sentiment.

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