Sensex tumbles 609 points in early trade amid weak Asian markets
PTI, Sep 28, 2022, 10:56 AM IST
Representative Image (Source: Shutterstock)
Mumbai: Benchmark indices began the trade on a bearish note on Wednesday with the Sensex tumbling 609 points in early trade, amid a weak trend in Asian markets.
The 30-share BSE Sensex fell 608.8 points to 56,498.72 in initial trade. Similarly, the broader NSE Nifty declined 182 points to 16,825.40.
Among the 30-share Sensex pack, NTPC, IndusInd Bank, HDFC, Axis Bank, Reliance Industries, ITC, HDFC Bank and Asian Paints were the major laggards.
Sun Pharma, Mahindra & Mahindra, Dr Reddy’s and Power Grid were among the winners.
Elsewhere in Asia, markets in Seoul, Tokyo, Shanghai and Hong Kong were trading sharply lower.
The US markets ended on a mixed note on Tuesday.
“FIIs have been deserting local equities in recent sessions and this could also dent market sentiment. The street is now anxiously awaiting the RBI September MPC meet outcome to trickle in on Friday,” said Prashanth Tapse – Research Analyst, Senior VP (Research), Mehta Equities Ltd.
The 30-share BSE index had ended 37.70 points or 0.07 per cent lower at 57,107.52 on Tuesday. The Nifty shed 8.90 points or 0.05 per cent to 17,007.40.
Meanwhile, the international oil benchmark Brent crude declined 1.25 per cent to USD 85.19 per barrel.
Foreign institutional investors offloaded shares worth Rs 2,823.96 crore on Tuesday, according to data available with BSE.
Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.
Top News
Related Articles More
Reverse migration has begun, says FM Nirmala Sitharaman
Markets sustain winning streak — Sensex jumps over 560 points, Nifty tops 22,300-level
Sensex climbs 640 points, Nifty tops 22,300-level in early trade
Insurance regulator IRDAI abolishes age restriction on health insurance product
Elon Musk says India visit delayed due to Tesla obligations
MUST WATCH
Latest Additions
INDIA bloc not a front, it is a platform against BJP: Pinarayi Vijayan
South Karnataka on high alert over bird flu reported in Kerala
School jobs scam: HC asks Bengal to decide on granting sanction to prosecute accused by May 2
PM slams Congress over its Goa leader’s remark on Constitution, says it’s ploy to break country
Trends of election results are visible in BJP leaders’ speeches: Akhilesh Yadav