Market Wrap-Up: Latest Updates on Nifty 50, Sensex, and Global Markets – Live Blog

The latest market news today brings a mix of updates from various sectors, including the stock market, commodities, IPOs, and expert views on the current market scenario. Here are some highlights:

1. **US Stock Market**: Intel shares have bucked the trend in the chip sector, rising by 8% despite a rout in chip stocks due to trade curbs on companies providing China with advanced semiconductor technology.

2. **Commodity News**: Oil prices have gained 1% on weaker US dollar and a drop in stockpiles, with Brent nearing $85 per barrel, shedding worries about China’s demand.

3. **IPO News**: Macobs Technologies IPO has been oversubscribed on the first day of bidding, showing strong investor interest in the small and medium enterprise (SME) sector.

4. **Tech Sector**: The tech-heavy Nasdaq has hit a two-week low, with companies like Nvidia and ASML Holding NV experiencing a significant decline from their all-time highs due to tighter US trade curbs outlook.

5. **Gold Prices**: Gold prices have surged to a new all-time high on expectations of a Fed rate cut, while silver prices have fallen by 1.2%.

6. **Expert Views on Budget 2024**: Analysts and experts are sharing their insights on Budget 2024, with a focus on sectors like infrastructure, railways, IT, and the potential impact on the market.

7. **Cryptocurrency**: Bitcoin has jumped by 3% to hit the $65,000 level, with Ethereum and Altcoin XRP also surging by 11%, attracting significant investor interest.

8. **Stock Recommendations**: Analysts are recommending stocks like BPCL, Godrej Properties, and Canara Bank for potential gains in the market.

9. **Market Holiday**: The Indian stock market is closed today for Muharram, with no trading on NSE or BSE, while the commodity market will resume later in the day.

Stay tuned for more updates on market movements, top gainers and losers, and expert opinions on the current market trends. Follow Mint’s live blog for real-time updates on all things Dalal Street and global markets.