Bharat Express

NIFTY

Sensex climbs 165.50 points to 59,271.94 in early trade; Nifty rises 52.75 points to 17,450.80.

In the midst of banking contagion worries, markets throughout the world are awaiting the Fed's decision

FIIs were net sellers today and sold Rs. 2546 crore in the cash market. On the other hand, DIIS were net buyers at Rs. 2877 crore.

Credit Suisse is trading 21% higher since yesterday. European indices have also gained and are trading in the green. Nifty on the other hand after an initial fall recovered to close 13 points higher near 17000. Bank Nifty also closed 81 points higher..

The vibes are similar to the 2008 Lehman crisis. The banking saga is far from abating and now spreading to Europe as Swiss Credit Suisse Group AG plummeted to close 24% down.

Both Nifty and Bank Nifty were seen sliding since morning and continued till close. Both the indices have engulfed the previous day prices indicating a very bearish outlook. Nifty and Bank Nifty closed in red for the 5th day in a row..

The US is awaiting core inflation and CPI data today evening

Foreign portfolio investors sold stocks worth Rs 561.8 crore

Foreign institutional investors (FIIs) bought shares worth Rs 3,671.56 crore

Stock market live: Signals from global markets are increasing pressure, Asia is soft, while SGX Nifty is also doing weak business