Home Business Stock Market: Sensex Plunges 350 Points, Nifty Trades Near 15,700 Amid Weak Global Cues

Stock Market: Sensex Plunges 350 Points, Nifty Trades Near 15,700 Amid Weak Global Cues

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Sensex and Nifty, two key fairness benchmarks on Tuesday traded decrease in opening offers monitoring weak point in international markets and rising crude oil charges.

At 10 am, the BSE Sensex was down 350 factors to 52,810, whereas the broader NSE Nifty was buying and selling at 15,627, down 106 factors.

Among the many Sensex-30 shares, M&M, Dr Reddy’s, Reliance, Tata Metal, ITC, and Maruti had been the only gainers. ONGC, BPCL, and JSW Metal had been the extra Nifty winners.

Titan, Asian Paints, Bajaj twins, HDFC, PowerGrid, ICICI Financial institution, Wipro, Apollo Hospitals, Bajaj Auto and Adani Ports, in the meantime, led losses on the 2 benchmarks.

Within the broader markets, the BSE MidCap and SmallCap indices had been additionally within the unfavorable territory, down as much as 0.5 per cent.     

On NSE, 14 out of the 15 sector gauges had been buying and selling within the pink. Sub-indexes Nifty Shopper Durables and Nifty Monetary Providers had been underperforming the NSE platform by falling as a lot as 1.68 per cent and 0.85 per cent, respectively.

On the stock-specific entrance, Titan was the highest Nifty loser because the inventory cracked 3.06 per cent to Rs 1,977.95. Asian Paints, Bajaj Auto, Adani Ports and Bajaj Finserv had been additionally among the many laggards.

The general market breadth was unfavorable as 940 shares had been advancing, whereas 1,324 had been declining on the BSE.

Of their earlier session on Monday, BSE Sensex jumped 433 factors (0.82 per cent) to shut at 53,161, whereas the broader NSE Nifty moved 133 factors (0.85 per cent) as much as settle at 15,832.

In the meantime, Asian shares slipped in early commerce, monitoring a unstable Wall Avenue session in a single day.

The rupee depreciated 22 paise to a file low of 78.59 in opposition to the US greenback in opening commerce on Tuesday as persistent overseas funds outflows weighed on investor sentiments.

On the interbank overseas change, the rupee opened on a weak word at 78.53 in opposition to the American greenback, then misplaced floor to cite at 78.59 — its all-time low stage, registering a fall of twenty-two paise from the final shut.

World oil benchmark Brent crude futures rose 1.20 per cent to $116.47 per barrel.

International institutional buyers had been web sellers within the capital market on Monday as they offloaded shares price Rs 1,278.42 crore, as per inventory change knowledge.

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