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Indices extend losses, moderation in domestic inflation arrests steep downside
At 9.41 a.m., sensex was down 0.3 per cent at 52,672 points, whereas nifty 0.3 per cent or 15,732 points. Equity indices across the board witnessed a massive selloff on Monday after the US reported 40-year high inflation reading. However, the steep fall in the indices back home in India this morning was arrested due to a moderation in retail inflation in the month of May.
Bloodbath in equities as US high inflation triggers selloff, Sensex down 1,457 pts
The rising inflation in the US also leads to the possibility of an even more aggressive policy tightening by the US central bank in the upcoming policy review meeting. With Monday's slump, the domestic indices declined for six out of the past seven sessions. Sensex closed at 52,846.70 points, down 1,456.74 points or 2.68 per cent, whereas Nifty closed at 15,774.40 points, down 427.40 points or 2.64 per cent.
Rupee touches fresh record low against US dollar, closes at 78.04
The rupee closed Monday's trade at Rs 78.04 per US dollar, after depreciation as low as Rs 78.29 in intra-day deal. "There is no fresh trigger to predict if the rupee will be 79 or 80 unless and until there is a conflict between US and China with regards to Taiwan, other than that there shouldn't be any correction towards 77 or 77.50 in the spot," said Emkay Global Financial Services in a note.
Rupee hits new low, further depreciation likely
The rise in crude prices towards three-month highs owing to supply tightness is further accentuating inflation concerns and inflicting damage on the global economy and value of the currency, said Sugandha Sachdeva, Vice President - Commodity and Currency Research at Religare Broking. Besides, the World Bank slashing its global growth forecast to 2.9 per cent as against its previous estimate of 4.1 per cent in January also depreciated the currency, Sachdeva said.
Indices slump sharply on global cues, Sensex tumbles over 1,000 pts
Domestic equity benchmark indices declined further as the session progressed and settled sharply lower on Friday, triggered by strong sell-off in global equities. With Friday's slump, the indices have declined for the five out of the past six sessions. Sensex closed at 54,303 points, down 1,017 points, or 1.84 per cent, whereas Nifty, at 16,202 points, was down 276 points, or 1.68 per cent.
Indices tumble on weak global cues, Sensex slips over 700 pts
On Friday, Indian markets opened sharply lower in line with negative cues from other Asian markets and from the US markets, said Deepak Jasani, Head of Retail Research, HDFC securities. "The US stocks tumbled late Thursday to close sharply lower, with the Nasdaq skidding 2.8 per cent, as jittery investors looked ahead to a reading on May inflation due Friday morning," Jasani added.
Equity indices snap 4-day losing streak, Sensex up 428 pts
Domestic equity benchmark indices snapped their four straight sessions of losses and settled fairly higher on Thursday, primarily due to value buying. Sensex closed at 55,320 points, up 428 points or 0.8 per cent, whereas Nifty was at 16,481 points, up 125 points or 0.8 per cent. Domestic investment flows over the last many months have been structurally positive even as the foreign outflows continue unabated, said S. Ranganathan, Head of Research at LKP Securities.
Domestic equity indices settle in red, fourth straight day of losses
India's domestic equity benchmark indices continued their slump for the fourth session in a row and closed Wednesday's trade on a negative note.. Sensex closed at 54,892 points, down 215 points or 0.4 per cent, whereas Nifty at 16,356 points, was down 60 points or 0.4 per cent. "The RBI policy turned out to be a non-event for the index as it ended on a flat note," said Kunal Shah, Senior Technical and Derivative Analyst.
Indices extends losses, settle low, MPC outcome in focus
Sensex closed the day at 55,107 points, down 1 per cent, whereas Nifty at 16,416 points, was down 0.9 per cent. The RBI's stance on the economy and the actual amount of rise in key lending rates would dictate further course of action in the capital markets. The central bank's Monetary Policy Committee (MPC) review meeting, which is currently underway, will reveal its decision on Wednesday morning.
Indices extend losses; Sensex, Nifty shed over 1% each
At 10.02 a.m., Sensex was 1.1 per cent down at 55,037 points, whereas nifty down 1.1 per cent at 16,388 points. The three-day Reserve Bank of India's (RBI) monetary policy review meeting that started on Monday will have a bearing in the market movement going ahead. Though the RBI raising policy rates in the ongoing monetary policy committee meeting is a "no brainer", as said by its Governor Shaktikanta Das
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