Sensex tanks on weak overall signals; Nifty below 11550

Share

[ad_1]

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.

Show less plan


Membership benefits include

Today’s paper

Find a mobile version of daily newspaper articles in an easy-to-read list.

Faster pages

Switch easily from article to article, because our pages load instantly.

Unlimited access

Enjoy reading as many articles as you want without any limitations.

Dashboard

A one-stop shop to see the latest updates and manage your preferences.

Personalized recommendations

A shortlist of items that match your interests and tastes.

Report

We keep you informed of the most recent and important developments, three times a day.

* Our digital subscription plans currently do not include e-paper mobile apps, crossword puzzles, iPhone, iPad, and print. Our plans improve your reading experience.

[ad_2]

Leave a Reply

Your email address will not be published. Required fields are marked *