ANI
22 Jun 2022, 10:57 GMT+10
New Delhi [India], June 22 (ANI): Domestic equity benchmark indices - Sensex and Nifty - declined during the morning session on Wednesday in line with weakness in US futures contracts, said analysts.
At 9.21 a.m, sensex was at 52,226.91 points, down 305.16 points or 0.58 per cent, whereas nifty was at 15,529.00 points, down 109.80 points 0.70 per cent.
Besides, Asian markets are trading on a mixed note as investors are reacting to the latest bounce in the US markets, said Mobit Nigam, Head - PMS at Hem Securities.
Among the individual stocks, Hindalco, ONGC, Tata Steel, JSW Steel, and Bajaj Finserv were the top five losers among the Nifty 50 companies, while Bajaj Auto, Dr Reddys, Hindustan Unilever, Maruti Suzuki, and Brittania the top five gainers, National Stock Exchange data showed.
Nervousness in the markets will keep coming up unless it sees signs of inflation stabilizing and reversing globally, said Deepak Jasani, Head of Retail Research of HDFC Securities.
The indices rallied for the second consecutive day the previous session i.e. Tuesday, with benchmark Sensex surging 934 points powered by across-the-board buying support on account of positive global cues.
Notably, domestic indices had declined during the majority of the sessions in June. During the past month, Sensex slipped over 4 per cent.
"Pull back rallies can be sharp and it was sharp yesterday. The important question is: will this continue? There is no economic news, except the softness in crude, to sustain the rally," said V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services. (ANI)Get a daily dose of Shanghai Sun news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Shanghai Sun.
More InformationNEW YORK CITY, New York: A Delta Air Lines plane's wing hit the runway at LaGuardia Airport during a rough landing over the weekend....
AUSTIN/SANTA FE: Measles cases in Texas and New Mexico increased to 317 on March 18, up from 294 four days earlier, as the U.S. faces...
WASHINGTON, D.C.: The Trump administration is considering strict new travel restrictions for citizens of dozens of countries, according...
WASHINGTON, D.C.: The Trump administration announced this week that Maine's education officials violated federal law by allowing transgender...
NEW YORK CITY, New York: Severe storms and tornadoes continued to threaten parts of Pennsylvania, New York, and several Mid-Atlantic...
As Israeli tanks rolled into Gaza on Wednesday heralding a new ground invasion, a UN building was destroyed in a bombing, killing one...
WASHINGTON, D.C.: The Trump administration is seeking a delay in the legal battle between U.S. Steel and Nippon Steel over their blocked...
HANOI, Vietnam: As Vietnam seeks to strengthen trade ties and avoid potential U.S. tariffs, companies from both countries signed agreements...
By Tanya Chugh New Delhi [India], March 21 (ANI): Delhi Public Works Department Minister Parvesh Verma inspected roads and drains...
New Delhi [India], March 21 (ANI): The Budget Session of Parliament will resume on Friday, with Union Finance Minister Nirmala Sitharaman...
New Delhi [India], March 20 (ANI): While inspecting the condition of roads and assessing garbage management in his assembly constituency...
Mumbai (Maharashtra) [India], March 20 (ANI): The Indian stock market opened on a strong note on Thursday, following the US Federal...