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 Peking Press 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 Peking Press.
More InformationLONDON, U.K.: This week, BP appointed Simon Henry, former Shell finance chief, to its board as a non-executive director effective September...
OTTAWA, Canada: With Canada Post struggling to maintain operations amid labour unrest, rivals like FedEx and UPS are stepping in to...
NEW YORK, New York - U.S. and global markets showed a mixed performance in Tuesday's trading session, with some indices edging higher...
PARIS, France: French military and intelligence officials have accused China of orchestrating a covert campaign to damage the reputation...
NEW DELHI, India: Birkenstock is stepping up its efforts to protect its iconic sandals in India, as local legal representatives conducted...
HONG KONG: China has fired back at the European Union in an escalating trade dispute by imposing new restrictions on medical device...
DHARAMSHALA, India: The Dalai Lama turned 90 on July 6, celebrated by thousands of followers in the Himalayan town of Dharamshala,...
PARIS, France: French military and intelligence officials have accused China of orchestrating a covert campaign to damage the reputation...
CULVER CITY, California: TikTok is preparing to roll out a separate version of its app for U.S. users, as efforts to secure a sale...
HONG KONG: China has fired back at the European Union in an escalating trade dispute by imposing new restrictions on medical device...
WASHINGTON, D.C.: The U.S. government has granted GE Aerospace permission to resume jet engine shipments to China's COMAC, a person...
MOSCOW, Russia: This week, Russia became the first country to officially recognize the Taliban as the government of Afghanistan since...