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Tuesday, June 28, 2022
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    HomeBusinessMARKET LIVE: Sensex sheds 1,000 pts; Nifty below 16,250; RIL, Banks, IT...

    MARKET LIVE: Sensex sheds 1,000 pts; Nifty below 16,250; RIL, Banks, IT dip

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    Stock market LIVE updates: In the broader markets, the BSE MidCap and SmallCap indices were also in the negative territory, down around 1 per cent each.

    Topics
    MARKET LIVE | Indian markets | BSE NSE

    SI Reporter  | New Delhi 

    Photo: Reuters

    Photo: Reuters

    Stock market live updates: The key benchmark indices were sharply lower on Friday, tracking a plunge in global markets on inflation fears ahead of the US May CPI data, which remains a crucial pivot for investors around the world. 

    In the broader markets, the BSE MidCap and SmallCap indices were also in the negative territory, down up to 1 per cent. 

    Sectorally, all indices suffered losses. Nifty Financial Services and IT slumped the most, down over 2 per cent. Nifty Bank, Realty, Pharma and Metals were other notable drags.

    BS Special: Chris Wood rejigs India equity exposure; replaces HDFC with HDFC Bank

    Among stocks, IIFL Finance rose around 5 per cent, defying a weak market. The company’s wholly-owned subsidiary IIFL Home Finance has entered into definitive agreement for raising Rs 2,200 crore for a 20 per cent stake from the Abu Dhabi Investment Authority (ADIA). 

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