Top 2 stocks to buy or sell for tomorrow: Nykaa, LIC by Chandan Taparia - Check stop-loss, targets
Stock market today, Oct. 5 -- The Indian stock market rebounded on Monday, 5 October after the Nifty 50 recorded its longest weekly losing streak in 25 years, with easing crude oil prices and reduced concerns over aggressive US monetary tightening supporting investor sentiment. The Nifty 50 gained 0.60% to 22,555.75, while the Sensex rose 0.66% to 72,382.47.
The benchmark indices had declined for eight consecutive weeks through Friday, weighed down by heavy foreign selling, elevated oil prices and a sharp rise in global bond yields.
Sentiment improved on Monday after softer-than-expected US jobs data reduced expectations of a Federal Reserve rate hike later this month, providing some relief to emerging-market assets. A decline in crude ...
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