Share/Stock Market Highlights: The benchmark equity indices on the BSE and National Stock Exchange (NSE) ended lower for the fourth consecutive session on Monday amid volatility due to the ongoing situation between Ukraine-Russia.
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The S&P BSE Sensex fell 149.38 points (0.26 per cent) to settle at 57,683.59 while the Nifty 50 slipped 69.65 points (0.40 per cent) to end at 17,206.65. Both the indices had opened around 0.5 per cent lower earlier in the day and slipped nearly 1.2 per cent with the Sensex touching a low of 57,167.02 and the broader Nifty hitting 17,070.70. However, they bounced back into the positive territory in the early afternoon deals and traded with some gains before slipping into the red again in the last hour of the session.
On the BSE benchmark, Sun Pharmaceutical Industries was the top loser of the day slipping nearly 2.5 per cent followed by Tata Consultancy Services (TCS), ITC, Tech Mahindra, Ultratech Cement and Titan Company. On the other hand, Wipro, Infosys, Power Grid Corporation of India, ICICI Bank, HDFC Bank and Maruti Suzuki India were the top gainers.
(with inputs from agencies) Read less
The benchmark equity indices on the BSE and National Stock Exchange (NSE) slipped for the third consecutive day, falling marginally lower on Friday as participants remained cautious tracking other Asian markets amid geopolitical uncertainties in Ukraine-Russia.
The S&P BSE Sensex fell 59.04 points (0.10 per cent) to settle at 57,832.97 while the Nifty 50 slipped 28.30 points (0.16 per cent) to end at 17,276.30.
"Domestic indices started weak taking cues from negative global peers but in between recouped most of its losses on reports of likely meeting between Biden and Putin over the Ukraine issue. However, the market could not stretch the direction and turned negative as uncertainty in the global markets continued. Investors stood sidelined impacting volumes. The market is expected to be volatile due to the upcoming Fed meeting and state election results"
The S&P BSE Sensex ended at 57,683.59, down 149.38 points or 0.26 per cent, while the Nifty 50 settled at 17,206.65, down 69.65 points or 0.40 per cent.
The S&P BSE Sensex ended at 57,683.59, down 149.38 points or 0.26 per cent, while the Nifty 50 settled at 17,206.65, down 69.65 points or 0.40 per cent.
Saudi Aramco’s shares rose to a record as its chief executive officer said oil demand continues to rebound from the coronavirus pandemic, including in the company’s main market of Asia.
“With the global recovery we’re seeing today, there is more demand for products and we see that from different enclaves, especially in Asia,” Amin Nasser said during a speech in Riyadh, Saudi Arabia’s capital. “There’s some pick up in the rest of the world.” Click here to read
Union Finance Minister Nirmala Sitharaman on Monday said the government wants a sustained recovery and the budget proposals on infrastructure building are an attempt to create the multiplier effect to help the economy.
Speaking at a post-budget interaction with the industry in the financial capital of the country, Sitharaman said the budget has been prepared at a time when the economy is coming out of the impact of the pandemic. Click here to read
The rupee spurted by 22 paise to 74.44 in early trade on Monday on softer crude oil prices and revived hopes of a diplomatic solution to the Russia-Ukraine crisis.
The local currency opened on a strong note at 74.51 to a dollar at the interbank foreign exchange market against the previous close of 74.66 on Friday.
(PTI)
IndiGo share price: Shares of InterGlobe Aviation, the owner of budget carrier IndiGo, fell nearly 4.5 per cent in the early trade on Monday after the company announced that its co-founder Rakesh Gangwal would resign from the board and has plans to cut his stake in the airline.
The IndiGo stock fell 4.47 per cent to Rs 2,025.45 apiece on the BSE while on the National Stock Exchange (NSE), it crashed as much as 4.32 per cent to Rs 2,025.20 per share. Click here to read
Asian shares were mostly lower Monday after a retreat on Wall Street, as investors watched for developments in Ukraine after Russia rescinded earlier pledges to pull tens of thousands of its troops away from Ukraine's northern border.
Tokyo, Seoul, Hong Kong and Shanghai declined while Sydney advanced.
Tokyo's Nikkei 225 index lost 0.7% to 26,926.01, while the Hang Seng in Hong Kong shed 0.6% to 24,194.64. In Seoul, the Kospi gave up 0.4% to 2,733.36 and the Shanghai Composite index fell 0.3% to 3,479.07.
Australia's S&P/ASX 200 gained 0.2% to 7,239.30 as the country prepared to reopen its borders to more international travel after nearly two years of being mostly sequestered due to the pandemic.
(AP)
Sensex tumbles over 400 pts to slip below 57,400-level in opening trade; Nifty drops over 159 pts at 17,117.
(PTI)