spot_img
Sunday, June 26, 2022
No menu items!
More
    spot_img
    HomeBusinessSensex tanks 1,017 pts; Nifty holds 16,200; Bajaj Finance sinks 4%, RIL...

    Sensex tanks 1,017 pts; Nifty holds 16,200; Bajaj Finance sinks 4%, RIL 3%

    -

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

    CLOSING BELL

    Stock market highlights: 

    Global doom rocked Indian equities on Friday as investors fretted over longer-than-expected sticky inflation, coupled with aggressive monetary policy tightening. Tracking losses in global peers, the benchmark S&P BSE Sensex plunged 1,114 points intra-day, before settling at 54,303, down 1,017 points or 1.84 per cent.

    The NSE Nifty50, meanwhile, held the 16,200-mark to close at 16,202, down 276 points or 1.68 per cent. The index had hit a low of 16,173 during the day. In the broader market, the Nifty MidCap 100 and SmallCap100 fell up to 1 per cent.

    ALSO READ: Why did the Sensex fall on Friday?

    Over 35 Nifty stocks ended the session in the red with Bajaj Finance, HDFC, Kotak Bank, Hindalco, Wipro, Reliance Industries, Tech M, and Infosys falling between 2.5-4 per cent. The losses were trimmed by gains in Grasim Industries, Asian Paints, Apollo Hospitals, Divis Labs, and Dr Reddy’s Labs, that gained over 0.5 per cent each.

    Sectorally, all but Nifty FMCG ended the session in the red. The losses were led by the Nifty IT, Oil & gas, Private Bank, and Financial Services indices as they fell 2 per cent each. 

    ALSO READ: Chris Wood rejigs India equity exposure; replaces HDFC with HDFC Bank

    Global cues

    European stocks fell further on Friday as investors digested the European Central Bank’s latest policy meeting and looked ahead to a key US inflation print. The pan-European Stoxx 600 dropped 1.3 per cent in early trade, with banks shedding 2 per cent to lead losses.

    US stock futures were muted in early premarket trade on Friday, while shares in Asia-Pacific closed largely in the red. 

    CATCH ALL THE LIVE UPDATES

    Auto Refresh

    Related articles

    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here

    Stay Connected

    0FansLike
    0FollowersFollow
    3,364FollowersFollow
    0SubscribersSubscribe
    spot_img

    Latest posts