Tuesday, May 24, 2022
  • Hyderabad
  • Telangana
  • Andhra Pradesh
  • India
  • World
  • Entertainment
  • Science and Tech
  • Sport
  • Business
  • ...
    • NRI
    • View Point
    • cartoon
    • Columns
    • Reviews
    • Education Today
    • Property
    • Videos
    • Lifestyle
E-Paper
  • NRI
  • View Point
  • cartoon
  • Columns
  • Reviews
  • Education Today
  • Property
  • Videos
  • Lifestyle
Home | Business | Sensex Tanks Over 600 Points In Early Trade Nifty Slips Below 14400

Sensex tanks over 600 points in early trade; Nifty slips below 14,400

By PTI
Published: Published Date - 10:02 AM, Fri - 19 March 21
ONGC was the top loser in the Sensex pack, slumping around 5 per cent, followed by L&T, Bajaj Finance, M&M, Maruti, SBI, Titan, HDFC twins and Reliance Industries.

Mumbai: Equity benchmark Sensex tanked over 600 points in early trade on Friday, tracking losses in HDFC Bank, L&T and Reliance Industries amid negative cues from global markets.

The 30-share BSE index was trading 617.10 points or 1.25 per cent lower at 48,599.42, and the broader NSE Nifty fell 201.35 points or 1.38 per cent to 14,356.50.

ONGC was the top loser in the Sensex pack, slumping around 5 per cent, followed by L&T, Bajaj Finance, M&M, Maruti, SBI, Titan, HDFC twins and Reliance Industries.

On the other hand, Kotak Bank, Bharti Airtel and PowerGrid were the gainers.

In the previous session, Sensex ended 585.10 points or 1.17 per cent lower at 49,216.52, and Nifty slumped 163.45 points or 1.11 per cent to 14,557.85.

Foreign institutional investors (FIIs) were net buyers in the capital market on Thursday as they bought shares worth Rs 1,258.47 crore, as per exchange data.

Domestic equities do not look inspiring for the day. Intensifying concerns pertaining to the recent surge in coronavirus cases in various parts of the country have clearly dented investors’ sentiments in domestic markets, said Binod Modi Head-Strategy at Reliance Securities.

Further, a sharp spike in USA treasury yields and inflationary concerns also weighed on sentiments, he noted.

“US equities finished sharply lower yesterday as investors dealt with twin threats of rising bond yields and sliding oil prices. 10-Year US Treasury yield surged 9 bps on Thursday to 14-month high to 1.73 per cent despite Federal Reserve maintaining its dovish stance on interest rates,” Modi added.

Elsewhere in Asia, bourses in Shanghai, Hong Kong, Tokyo and Seoul were trading on a negative note in mid-session deals.

Meanwhile, the global oil benchmark Brent crude was trading 0.16 per cent higher at USD 63.38 per barrel.

  • Follow Us :
  • Tags
  • bourses
  • Brent crude
  • BSE Sensex
  • domestic equities

Related News

  • Sensex jumps 311 points in early deals; Nifty gains over 83 points

  • Equity indices open in green, Sensex up by 1028 points

  • Sensex dives 1,155 points in early trade amid weak global markets

  • Sensex jumps 930 points; Tata Steel, ITC, Reliance Industries surge

  • Sensex jumps nearly 274 points in early trade; Nifty climbs to 15,873

  • Sensex rebounds 635 points to 53,565.74 in early trade

Latest News

  • Telangana’s Lavanya makes it to Indian team for U-20 Asian Volleyball Championship

    12 mins ago
  • Think positive, improve skills experts tell aspirants in TT, NT’s awareness programme

    13 mins ago
  • TT, NT’s awareness programme in Hanamkonda gets good response

    22 mins ago
  • Telangana buys 30 lakh tonne paddy so far

    47 mins ago
  • Hyderabad: Swimming pool in Ameerpet reopens after two years

    54 mins ago
  • Sadhguru hails Telangana’s efforts to improve farm sector

    1 hour ago
  • Mana Ooru-Mana Badi a revolutionary scheme: Devarakonda MLA

    1 hour ago
  • Malnutrition: Telangana’s efforts find place in UN report

    1 hour ago

company

  • Home
  • About Us
  • Contact Us

business

  • Subscribe

telangana today

  • Telangana
  • Hyderabad
  • Latest News
  • Entertainment
  • World
  • Andhra Pradesh
  • Science & Tech
  • Sport

follow us

© Copyrights 2022 TELANGANA PUBLICATIONS PVT. LTD. All rights reserved. Powered by Veegam