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Thursday, June 30, 2022
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    HomeBusinessMARKET LIVE: Sensex sheds 900pts; Banking, IT, Energy, Metal stocks drop

    MARKET LIVE: Sensex sheds 900pts; Banking, IT, Energy, Metal stocks drop

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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 0.7 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 and 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 0.9 per cent. 

    Sectorally, all indices suffered losses. Nifty Metals and IT slumped the most, down up to 1.7 per cent. Nifty Banks, Financials, Pharma and PSBs were the 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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