People stand outside the Bombay Stock Exchange (BSE), after Sensex surpassed the 60,000 level for the first time, in Mumbai, India, September 24, 2021. (REUTERS/File Photo)Share/Stock Highlights: The benchmark equity indices on BSE and National Stock Exchange (NSE) fell for the third straight day ending over 1 per cent lower on Thursday dragged by a fall in the shares of market heavyweight Reliance Industries (RIL) along with information technology (IT), pharmaceutical and fast-moving consumer goods (FMCG) stocks.
The S&P BSE Sensex fell 634.20 points (1.06 per cent) to end at 59,464.62 while the broader Nifty 50 crashed 181.40 points (1.01 per cent) to settle at 17,757.00. Both the indices had opened marginally lower and traded in the red throughout the session.
On the Sensex pack, Bajaj Finserv was the top loser of the day crashing over 4.5 per cent, followed by Infosys, Tata Consultancy Services (TCS), Sun Pharmaceutical Industries, HCL Technologies and Hindustan Unilever (HUL). On the other hand, PowerGrid Corporation of India, Bharti Airtel, Asian Paints, Maruti Suzuki India, Ultratech Cement and ICICI were among the top gainers.
(with inputs from agencies)
"Persistent concern over global inflation and likely Fed rate hike acted as the major headwinds for the domestic market to tumble for the third consecutive day. High volatility due to rising bond yields is pressuring foreign investors to pull out funds from highly valued markets like India. As the recent earnings failed to excite the market, the on-going global volatility drained investor confidence."
The S&P BSE Sensex ended at 59,464.62, down 634.20 points or 1.06 per cent, while the Nifty 50 settled at 17,757.00, down 181.40 points or 1.01 per cent.
Foreign Direct Investment (FDI) flows to India in 2021 were 26 per cent lower, mainly because large M&A deals recorded in 2020 were not repeated, the UN trade body has said.
The UN Conference on Trade and Development (UNCTAD) Investment Trends Monitor published on Wednesday said global foreign direct investment flows showed a strong rebound in 2021, growing 77 per cent to an estimated USD 1.65 trillion, from USD 929 billion in 2020, surpassing their pre-COVID-19 level. Click here to read
Toyota Kirloskar Motor (TKM) on Thursday launched the much-awaited Toyota Hilux pick-up vehicle in India. Toyota Hilux has been sold across several international markets and is famous for its robust build quality.
The automaker however did not reveal its price yet and announced that the same will be done in March and deliveries are likely to commence from April. However, interested customers can pre-book the pick-up truck by visiting their nearest Toyota dealership or by going to Toyota Bharat’s website. Click here to read
Asian share markets broke a five-day slide to edge higher on Thursday, shrugging off drops in Europe and on Wall Street overnight as China underscored its diverging monetary and economic picture by cutting benchmark mortgage rates.
China's blue-chip CSI300 index rose 0.7% on Thursday morning and Hong Kong's Hang Seng added more than 1.4%. The rise in Chinese shares boosted MSCI's broadest index of Asian shares outside Japan which added 0.54%.
Seoul's Kospi edged 0.1% higher and Australian shares fell by the same margin. In Tokyo, the Nikkei added 0.17%.
The modest gains in Asia came after investors on Wall Street looked past robust earnings at the outlook for inflation and rate rises.
The Dow Jones Industrial Average fell 0.96% and the S&P 500 lost 0.97%. The Nasdaq Composite dropped 1.15%, putting it more than 10% below its Nov. 19 record closing high to confirm a correction.
(Reuters)
The Sensex fell 164.47 points to 59,934.35 in opening session while the Nifty declined 52.45 points to 17,885.95.
(PTI)
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