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Indices fall for fourth straight session amid high volatility
The indices opened higher to later give up all of their gains as investors awaited the US inflation data, which is expected later in the day. For fresh cues, investors would keep an eye on India's inflation for April, which is expected to be released on Thursday.
Equity indices settle low amid high volatility, rupee recovers a tad
Sensex closed at 54,364 points, down 106 points or 0.2 per cent, whereas Nifty, at 16,240 points, was down 62 points or 0.4 per cent. Among sectors, metals, power and realty fell the most while banks and FMCG ended mildly in the positive. BSE Midcap and Smallcap indices severely underperformed, falling 1.98 per cent and 2.11 per cent,respectively.
Equities steady in opening deals as rupee appreciates marginally
Rupee too took a breather as it has appreciated from its all-time low of 77.42 the previous day to 77.25 this morning. Rupee has been under-pressure after global central banks started normalising policy and last week RBI too raised key interest rates. At 10.27 a.m., Sensex was 0.02 per cent down at 54,456 points, whereas Nifty was 7 points up at 16,309 points.
Equities settle low on weak rupee, possible global policy hardening stance
Tightening lockdowns in China to curb Covid spread also weighed on the market sentiment. "The relentless rise in the US dollar index owing to interest rate hikes and rising US treasury yield hammered investor's risk appetite. Strong US jobs data indicated possibilities of faster rate hikes forcing investors to opt for safe-haven assets," said Vinod Nair, Head of Research at Geojit Financial Services.
Indian equities start new week in red
Asian markets started the fresh week on a volatile note as the US stocks took a hit on interest rate worries. At 9.28 a.m., Sensex was 801 points or 1.5 per cent down at 54,034 points, whereas Nifty 242 points or 1.4 per cent down at 16,168 points. "The latest U.S. jobs data cemented expectations the Federal Reserve will remain on its rate-hike path to combat stubbornly high inflation," said Deepak Jasani, Head of Retail Research, HDFC Securities.
FPI selling extends to 8th straight month, pulls out over Rs 6k crore in May
The recent pullout was triggered due to an aggressive rate hike by the US Federal Reserve, which is a negative for Indian investors. Analysts say foreign flows are likely to remain volatile in the near term amid the high prospect of aggressive rate hikes globally and the headwinds in terms of higher crude prices, and rising Inflation. FPIs remained net sellers for seven months to March 2022, withdrawing a massive net amount of Rs 1.65 lakh crore from equities.
Equity benchmarks close week in red on weak global cues
Asian stocks fell over concerns that the US central bank and some other major central banks will have to raise interest rates even more aggressively to check inflation. In India, the benchmark Sensex fell 866 points, or 1.6 per cent, to close the day at 54,836, and Nifty declined 271 points, or 1.6 per cent, to 16,411 points.
Equities plunge in early trade on weak global cues, Sensex declines over 1K pts
Asian stocks fell over concerns that the US' central bank and some other major central banks will have to raise interest rates even more aggressively to check inflation. All Nifty sectoral indices traded in the red in the morning session. Benchmark Sensex was at 54,666 points, down over 1,000 points or 1.9 per cent, whereas Nifty at 16,376 points, down over 300 points or 1.8 per cent.
Equities tank after RBI's policy rate hike, settle sharply low
In a surprise and unscheduled move, the central bank raised the repo rate by 40 basis points (bps) to 4.40 per cent. The US Federal Reserve is also expected to raise rates at its ongoing policy meet to fight the prevailing higher inflation. Following the RBI announcement, the Sensex declined 1,307 points, or 2.29 per cent, and settled at 55,669 points, whereas Nifty fell 392 points, or 2.29 per cent, to 16,678 points.
Indian equities plunge in early trade, Titan among top losers
At 9.19 a.m., Sensex was at 56,680 points, down 0.7 per cent, whereas Nifty was at 16,990 points, down 0.7 per cent. Among the stocks, Titan was the top loser, declining 2.7 per cent. Mohit Nigam, Head - PMS, Hem Securities, said it is the worst monthly slide in the US markets after April 2020.
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