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Sunday, June 26, 2022
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    HomeBusinessMARKET LIVE: Sensex off lows, down 250 pts, Nifty near 16500; PSBs,...

    MARKET LIVE: Sensex off lows, down 250 pts, Nifty near 16500; PSBs, IT drag

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    Market LIVE: Flat start likely amid weak global cues; SGX Nifty down 70 pts

    Stock market live updates: The key benchmark indices held minor cuts in Monday’s session tracking weakness in global markets as investors raised bets of steeper rate hikes by the US Fed, following positive unemployment data on Friday. 

    In early deals, the BSE Sensex was down 300 points to 55,438, and the NSE Nifty50 slipped 90 points to 16,500.

    IT stocks led losses on the Sensex with Wipro, Tech M, Infosys, TCS and HCL Tech dropping 1-2 per cent. Bajaj twins, HUL and Asian Paints were the other notable laggards. 
     

    The broader markets also opened in red. The BSE MidCap and SmallCap indices were up to 0.2 per cent lower.

    Sectorally, Nifty IT, Media, Metals, PSBs and Realty indices suffered the maxmium losses, each down over 1 per cent. Other pockets were also in red. 

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