Sensex tanks on weak overall signals; Nifty below 11550



Courses in Shanghai, Hong Kong, Seoul and Tokyo resulted in significant losses.

The BSE Sensex fell 323 points on Thursday, weighed by losses in the heavyweights of the Reliance Industries index and the HDFC twins amid negative signals from global markets after the US Fed highlighted uncertainty surrounding the economic recovery.

The 30-stock BSE index finished 323 points or 0.82% lower at 38,979.85. The NSE Nifty fell 88.45 points or 0.76% to 11,516.10.

Bajaj Finserv was the most lagging behind in the Sensex pack, losing more than 2%, followed by PowerGrid, L&T, ICICI Bank, Bajaj Finance, TCS and Sun Pharma.

On the other hand, HCL Tech, Infosys and Maruti finished higher.

Domestic stocks traded on a negative note, reflecting weak global market indices after the US Federal Reserve hinted the key interest rate to remain close to zero at least until 2023 without disclosing, traders said. additional stimulus plans.

Courses in Shanghai, Hong Kong, Seoul and Tokyo resulted in significant losses.

European stock markets also opened on a negative note.

Meanwhile, the world’s benchmark crude oil, Brent, was trading 0.26% down to $ 42.11 a barrel.

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