Live Share Market Today, November 21, 2022: The benchmark equity indices on the BSE and National Stock Exchange (NSE) ended lower for the third consecutive session, declining over 0.8 per cent lower on Monday tracking weakness in the global markets. The S&P BSE Sensex crashed 518.64 points (0.84 per cent) to end at 61,144.84 while the Nifty 50 declined 147.70 points (0.81 per cent) to settle at 18,159.95. Both the indices had opened over 0.3 per cent lower and fell further as the session progressed. On the Sensex pack, Reliance Industries (RIL) was the top loser on Monday. It was followed by Housing Development Finance Corporation (HDFC), Tata Consultancy Services (TCS), Tech Mahindra, Infosys, Bajaj Finance, Wipro, Tata Steel, Bajaj Finserv, Dr. Reddy's Laboratories, ITC and HDFC Bank. In contrast, Bharti Airtel, Axis Bank, IndusInd Bank, Hindustan Unilever (HUL), Power Grid Corporation of India and Titan Company were among the top gainers. Among sectors, the Nifty IT index fell 1.55 per cent, Nifty Realty declined 1.27 per cent and the Nifty Metal index slipped 0.81 per cent. In the broader markets, the S&P BSE MidCap index fell 38.07 points (0.15 per cent) to end at 25,096.85 while the S&P BSE SmallCap inched up 2.48 points (0.01 per cent) to settle at 28,752.59. "Indian equities witnessed selling pressure on the first day of the week on the back of weak global cues. Global sentiments were impacted after China reported surge in Covid cases leading to concerns over economic growth outlook. Even Brent crude oil prices fell to two-month low below $90 Investors were cautious ahead US Fed minutes to be released on Wednesday, which would give insights into the central bank’s future rate hike stance given the softening inflation," said Siddhartha Khemka, Head - Retail Research at Motilal Oswal Financial Services. Global Markets (from AP) Global stock markets sank Monday after Wall Street ended with a loss for the week amid anxiety about Federal Reserve plans for more interest rate hikes to cool inflation. London, Frankfurt, Shanghai and Hong Kong fell. Tokyo gained. Oil prices declined. US stock indexes ended with a weekly loss after a Fed official, James Bullard, rattled investors by suggesting the central bank's base lending rate might have to be raised to as much as almost double its already elevated level. In early trading, the FTSE 100 in London lost 0.5 per cent to 7,352.63. The DAX in Frankfurt sank 0.3 per cent to 14,385.04 and the CAC 40 in Paris retreated 0.2 per cent to 6,631.30. On Wall Street, the future for the benchmark S&P 500 was down 0.4 per cent. That for the Dow Jones Industrial Average was off 0.3 per cent. In Asia, Hang Seng in Hong Kong lost 1.9 per cent to 17,655.91. It was down more than 3 per cent earlier after the territory's leader, John Lee, tested positive for the coronavirus after returning from an Asia-Pacific meeting in Bangkok. The Shanghai Composite Index lost 0.4 per cent to 3,085.04 and the Nikkei 225 in Tokyo lost 0.2 per cent to 27,944.79. The Kospi in South Korea fell 1 per cent to 2,419.50 and Sydney's S&P-ASX 200 lost 0.2 per cent to 7,139.30.
