Thursday, 08 December 2022

 

 

LATEST NEWS Punjab released Rs.31.70 crore so far to families of 634 farmers martyred during Delhi protest : Kuldeep Singh Dhaliwal Fauja Singh Sarari Pays Homage To Martyrs On Occasion Of Armed Forces Flag Day To get freedom to the country, the flame blazed of revolution start from from the holy land of Ambala : Anil Vij People won, leaders lost, says CM Bhagwant Mann on historic win of AAP in MCD Tax exemption at par with private bus operators to taxi operators under consideration: Laljit Singh Bhullar Anmol Gagan Mann made surprise check at MC office Kharar In Kashmir, terrorists want to choke the space of pen Aryans inaugurates Immigration Office on the birthday of its founder in Sector 17, Chandigarh Punjab leaders celebrate historic victory of AAP in Municipal Corporation of Delhi Block Diwas : DC Rajouri presides over public outreach camp at Moughla Weekly Block Diwas held at 4 places in Doda district Awareness programme on MWPSC ACT held for police functionaries at Rajouri Mandir Gala Road Mishap : DC Rajouri Vikas Kundal meets injured at GMC&AH Atal Dulloo reviews status of Farmers’ Produce Organizations of Kashmir division Aryans inaugurates Immigration Office on the birthday of its founder in Sector 17, Chandigarh Not just a victory but a big responsibility for us : Manish Sisodia on MCD win Manoj Bajpayee looks in deep thought in 'Bandaa' poster Y.S. Jagan Mohan Reddy calls BCs 'backbone classes' at massive outreach conclave Leg-spinner Aroob Shah to lead Pakistan in inaugural edition of ICC U19 Women's T20 World Cup Bigg Boss 16: First Contestant To Be Evicted Sreejita De To Make Re-Entry As A Wild Card Contestant Madame Tussauds India unveils Varun Dhawan’s Wax figure

 

Equities end down amid sell-off in global markets

Sensex, Mumbai, BSE, Nifty, Shares, National Stock Exchange, Stock Market

Web Admin

Web Admin

5 Dariya News

Mumbai , 14 Sep 2022

The Indian equity market ended down on Wednesday following the sharp sell-off in the global market, dealers said.At close, Sensex ended 224.11 points, or 0.37 per cent, down at 60,346.97, and Nifty closed 66.30 points, or 0.37 per cent, down at 18,003.75. 

A total of 1,176 shares declined, 1,692 shares advanced and 143 remained unchanged.Infosys, TCS, Tech Mahindra, HCL Technologies remained major losers on the Sensex. BSE LargeCap was down 0.31 per cent, BSE MidCap was down 0.10 per cent and BSE SmallCap was lower 0.01 per cent.

"Although the opening hours of the domestic market mirrored the sharp sell-off in the global market, it steadily recovered as investors gained the confidence to bottom fish, thanks to the brighter prospects for the home economy. 

The expectation that the Fed would become less hawkish, which had spurred the most recent global rally, was dashed by worse than anticipated US inflation figures."Additionally, India's easing WPI inflation numbers added more optimism with banking stocks leading the recovery, while the IT sector's performance was bleak due to recession fears in western markets," said Vinod Nair, Head of Research at Geojit Financial Services.

Among sectors, metals and bank indices rose the most, while IT and oil and gas indices fell the most.Markets in Asia Pacific fell on Wednesday, following a major drop in US markets as investors reacted to American inflation going higher than expected.

A semblance of calm returned to markets on Wednesday in Europe after the carnage sparked by hotter-than-expected American inflation that prompted investors to reassess the outlook for interest rates and economic growth. 

European equities were mildly lower, tracking a plunge in US stocks.India's wholesale inflation fell to the lowest since September last year, at 12.4 per cent in August compared with 13.9 per cent in July 2022 and 11.64 per cent in August 2021.

"For the bulls, 17,900 would be the key support level, and if the index sustains above the same it could move up to 18,100-18,150 levels. On the flip side, a fresh round of selling could be seen only at 17,900 and below the same the index could retest the level of 17,750-17,700." said Shrikant Chouhan, Head of Equity Research (Retail), Kotak Securities Ltd.

 

Tags: Sensex , Mumbai , BSE , Nifty , Shares , National Stock Exchange , Stock Market

 

 

related news

 

 

 

Photo Gallery

 

 

Video Gallery

 

 

5 Dariya News RNI Code: PUNMUL/2011/49000
© 2011-2022 | 5 Dariya News | All Rights Reserved
Powered by: CDS PVT LTD