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  • Sensex tumbles 375 factors in early commerce amid weak international markets

    Equity benchmarks fell for the third day working on Tuesday, with the Sensex tumbling 375 factors in early commerce, monitoring weak international markets as buyers remained cautious forward of the Federal Reserve assembly end result.

    Unabated overseas fund outflows continued to weigh on the home fairness markets.

    The 30-share BSE benchmark was buying and selling 374.72 factors decrease at 52,471.98. The Nifty declined by 100.15 factors to fifteen,674.25. From the Sensex pack, Asian Paints, Tech Mahindra, IndusInd Bank, HDFC Bank, Titan and HDFC had been the foremost laggards in early commerce.

    On the opposite hand, Bharti Airtel, Power Grid, NTPC, M&M and Bajaj Finserv had been among the many gainers.

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    Elsewhere in Asia, markets in Seoul, Tokyo, Hong Kong and Shanghai had been buying and selling decrease in mid-session offers. Stock exchanges within the US ended sharply decrease on Monday.

    The 30-share BSE Sensex tumbled 1,456.74 factors or 2.68 per cent to settle at 52,846.70 on Monday. The Nifty tanked 427.40 factors or 2.64 per cent to fifteen,774.40.

    “The Fed is scheduled to make its next policy announcement on Wednesday and investors will be highly focused on any clues for how aggressive the central bank intends to be in raising rates,” stated Mohit Nigam, Head – PMS, Hem Securities.

    Meanwhile, worldwide oil benchmark Brent crude fell 0.02 per cent to USD 122.24 per barrel.

    Foreign institutional buyers (FIIs) remained internet sellers within the capital market, as they bought shares value Rs 4,164.01 crore on Monday, as per trade information.

  • Sensex nosedives 1,394 factors in early commerce; Nifty tanks to fifteen,800 stage

    The Sensex additional plummeted over 1,394 factors in early commerce on Monday, whereas the Nifty slumped to the 15,800 stage, monitoring weak world markets and unrelenting overseas fund outflows.

    Weakness in index majors Reliance Industries and ICICI Bank additionally weighed on the home fairness markets.

    The 30-share BSE benchmark was buying and selling 1,394.17 factors decrease at 52,909.27. The Nifty tanked 399.55 factors to fifteen,802.25.

    All the 30-share Sensex pack of companies had been buying and selling decrease in early commerce, with Bajaj Finserv, Bajaj Finance, ICICI Bank, State Bank of India, Reliance Industries, Kotak Mahindra Bank, Tech Mahindra and IndusInd Bank rising as the key laggards.

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    The BSE benchmark index had ended 1,016.84 factors or 1.84 per cent decrease at 54,303.44 on Friday. The broader NSE Nifty plunged 276.30 factors or 1.68 per cent to 16,201.80. Elsewhere in Asia, markets in Seoul, Tokyo, Hong Kong and Shanghai had been buying and selling with deep cuts in mid-session offers.

    Stock exchanges within the US ended sharply decrease on Friday. “The near-term market development is weak. The May US inflation print at 8.6 per cent towards the market expectation of 8.3 per cent is more likely to flip the Fed extra hawkish.

    “Such a scenario would be negative for risky assets like equity, particularly in the context of declining global growth. The Indian market will stabilize only when the US market stabilises,” mentioned V Okay Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

    Meanwhile, worldwide oil benchmark Brent crude fell 1.37 per cent to USD 120.31 per barrel.

    Foreign institutional traders (FIIs) remained web sellers within the capital market, as they bought shares value Rs 3,973.95 crore on Friday, as per change information.