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Tuesday, December 07, 2021

Market Highlights: Sensex skids 102 points, Nifty settles below 18,150-mark weighed by Infosys and ITC

Share Market, Stock Market Highlights: The S&P BSE Sensex ended at 60,821.62, down 101.88 points (0.17 per cent), while the Nifty 50 settled at 18,114.90, down 63.20 points (0.35 per cent).

By: Express Web Desk | New Delhi |
Updated: October 22, 2021 5:01:17 pm
bse, bse sensexBSE (Express Photo by Amit Chakravarty)

Share/Stock Highlights: The benchmark equity indices on the BSE and National Stock Exchange (NSE) continued their losing spree and ended lower for the fourth consecutive day on Friday weighed by IT major Infosys and FMCG major ITC.

The S&P BSE Sensex slipped 101.88 points (0.17 per cent) to end at 60,821.62 while the Nifty 50 fell 63.20 points (0.35 per cent) to settle at 18,114.90. Both the indices had begun in the green and traded in the positive territory throughout the morning before giving up their gains towards the afternoon and turning negative.

Infosys was the top contributor to Sensex’s fall on Friday, along with ITC, Tata Consultancy Services (TCS), Maruti Suzuki India and HCL Technologies. On the other hand, Housing Development Finance Corporation (HDFC), Kotak Mahindra Bank, HDFC Bank and Axis Bank were among the gainers.

Among the sectoral indices on NSE, the Nifty Metal index crashed 3.04 per cent weighed by Vedanta and Hindustan Zinc. The Nifty IT index too was slipped 1.44 per cent dragged by MphasiS, L&T Technology Services and Infosys. Likewise, the Nifty Pharma too fell 1.55 per cent due to a fall in Laurus Labs and Biocon.

(with inputs from agencies)

Live Blog

Stocks, BSE Sensex, NSE Nifty, Crude oil prices, gold, silver prices, commodity market and money markets LIVE updates:

16:13 (IST)22 Oct 2021
MARKET QUOTE | Vinod Nair, Head of Research, Geojit Financial Services on Friday's market performance

"Despite a strong opening owing to favourable global cues, domestic indices continued its losing streak succumbing to profit booking and barring banks and realty stocks, all major sectors bled. The global market traded green as investors welcomed a surprise interest payment by China’s debt-ridden major property developer. However, the Indian market is impacted by muted Q2 results, which are weak than forecasted due to high input cost."

15:39 (IST)22 Oct 2021
Equity markets at close

The S&P BSE Sensex ended at 60,821.62, down 101.88 points or 0.17 per cent, while the Nifty 50 settled at 18,114.90, down 63.20 points or 0.35 per cent.

11:55 (IST)22 Oct 2021
Petrol and diesel price hiked

Petrol and diesel prices continued their upward move and touched new record highs after they were hiked for the third successive day across the country on Friday, October 22, 2021. In the national capital, both petrol and diesel rates were risen by 35 paise each.

Following the latest price revision, petrol in Delhi is now retailing at Rs 106.89 a litre while diesel is selling at Rs 95.62. In the financial capital Mumbai, petrol price now stands at Rs 112.78 while diesel costs Rs 103.63, data available on Indian Oil Corporation’s website showed. Click here to read

11:17 (IST)22 Oct 2021
Rupee rises 8 paise to 74.79 against US dollar in early trade

The Indian rupee appreciated 8 paise to 74.79 against the US dollar in opening trade on Friday, tracking a positive trend in domestic equities.

At the interbank foreign exchange, the rupee opened at 74.82 against the dollar, then edged higher to 74.79, registering a rise of 8 paise over its previous close. The rupee on Thursday ended on a flat note at 74.87 against the US dollar.


10:42 (IST)22 Oct 2021
Singapore arbitration panel rejects Future’s plea on Reliance deal in dispute with Amazon

A Singapore arbitration panel has rejected Future Retail’s plea to quash an order from last year that put its $3.4 billion deal with Reliance on hold, in a boost for its partner Inc which is seeking to block the transaction.

Amazon has been locked in a tussle with Future and accuses it of breaking contracts when it sold its retail assets to Indian market leader Reliance last year. Future denies any wrongdoing. Click here to read

10:08 (IST)22 Oct 2021
PM Modi addressing the nation

Prime Minister Narendra Modi is addressing the nation a day after India completed the landmark of 100 crore vaccine doses. Click here to follow LIVE updates

09:56 (IST)22 Oct 2021
Global market update

Tech stocks climbed in Asia on Friday, following U.S. peers higher, while Chinese property stocks rallied following a surprise interest payment by debt-ridden property developer China Evergrande Group.

Meanwhile cyclical stocks dragged amid worries that central bankers will need to tighten monetary policy into slowing growth in order to tackle persistent inflation.

Japan's Nikkei rose 0.7% led by technology shares, while energy shares were the biggest drag. The broader Topix added 0.3%, with a 0.6% jump in the Topix growth index handily outpacing a 0.1% advance for the value index.

Chinese blue chips gained 0.3%, with the CSI300 Real Estate Index rising 2.5%. Hong Kong's Hang Seng rose 0.4%, as an index tracking Hong Kong-listed mainland developers rallied 4.3%.Australia's benchmark index slipped 0.2% as commodity-linked shares fell.


09:53 (IST)22 Oct 2021
Equity markets at open

Sensex rises 209.12 pts to 61,132.62 in opening session; Nifty advances 59.85 pts to 18,237.95.


Thursday, the frontline equity indices on the BSE and National Stock Exchange (NSE) continued their losing spree and ended lower for the third straight session weighed by market heavyweight Reliance Industries (RIL) and information technology (IT) stocks.

The S&P BSE Sensex fell 336.46 points (0.55 per cent) to end below the 61,000-mark at 60,923.50 while the Nifty 50 declined 88.50 points (0.48 per cent) to settle at 18,178.10.

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