Stock markets edge lower in choppy trade amid weak global cues

PTI, Feb 21, 2023, 4:21 PM IST

Equity benchmark indices Sensex and Nifty ended marginally lower in a highly volatile trade on Tuesday as investors preferred to stay cautious ahead of the release of minutes of the Federal Open Market Committee (FOMC) meeting.

The BSE Sensex edged down 18.82 points or 0.03 per cent to settle at 60,672.72. During the day, it hit a low of 60,583.72 and a high of 60,976.59.

The NSE Nifty slipped 17.90 points or 0.1 per cent to end at 17,826.70.

From the Sensex pack, Tata Motors, Sun Pharma, Wipro, Tata Consultancy Services, UltraTech Cement, Tech Mahindra, Bajaj Finserv, HCL Technologies, Infosys and IndusInd Bank were the major laggards.

NTPC, Power Grid, Reliance Industries, Tata Steel, HDFC and HDFC Bank were the major winners.

”Despite opening gains, negative cues from global peers cast a shadow over investor sentiments. Underpinned by inflationary concerns, the market is keenly eyeing the US fed meeting minutes, scheduled to be released on Wednesday, for hints on further monetary policy tightening,” said Vinod Nair, Head of Research at Geojit Financial Services.

Risk appetite was further hammered by FIIs turning net sellers and fear of El Nino weather event, Nair said.

In Asian markets, South Korea and China ended in the green, while Hong Kong and Japan settled lower.

European equity markets were trading lower in the afternoon trade. The US markets were shut on Monday for ‘Presidents Day’.

International oil benchmark Brent crude declined 1.50 per cent to USD 82.81 per barrel.

Foreign portfolio investors (FPIs) offloaded shares worth Rs 158.95 crore on Monday, according to exchange data.

Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.

Top News

PM Modi wishes predecessor Manmohan Singh on his 91st birthday

Mumbai police submit chargesheet against businessman Tahawwur Rana in 26/11 attacks case

Bhavani Devi makes it to pre-quarters, fuels India’s hope of maiden Asian Games medal in fencing

Karnataka: Banner at fishing port kicks up row, association clarifies

This is sarai (liquor) guarantee government: Bommai

Cauvery issue: Deve Gowda urges Modi to set up external agency to study reservoirs in Cauvery basin

CM Siddaramaiah accuses BJP,JDS of politicizing Cauvery water issue

Related Articles More

Deadline to add nominees for mutual fund investors, demat account holders ends on Sep 30

Tata Motors inaugurates registered vehicle scrapping facility in Surat

LIC to appeal against GST tax notice of Rs 290 crore

Sale of iPhone 15 sees 100% growth versus iPhone 14 series on day 1

IT conducts search operations at Lux Industries premises


Hotel Vishwa Bhavan

Asian games 2023

Assembly Speaker UT Khader visits Krishnadham, Mysore

Steel Ganapa bloomed in the sands of Odisha

Why Ganesha has many hands?

Latest Additions

PM Modi wishes predecessor Manmohan Singh on his 91st birthday

Bantwal: Accused absconding in theft cases nabbed

Mumbai police submit chargesheet against businessman Tahawwur Rana in 26/11 attacks case

We will support Bengaluru ‘Bandh’, says BJP leader CT Ravi

EAM Jaishankar meets UN leadership, discusses India’s G20 Presidency, UNSC reforms

Thanks for visiting Udayavani

You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.