Kashmir Indepth
Uncategorized

Sensex, Nifty slide further on soaring crude prices

Mumbai, (PTI) Equity benchmarks Sensex and Nifty ended in the negative terrain for the third session in a row on Tuesday as financial and auto stocks faced high selling pressure, while constant rise in crude oil prices reignited macro worries.

In a highly volatile session, the BSE Sensex hit an high of 38,832.61 and a low of 38,518.26. After swinging over 300 points, the 30-share index settled 80.30 points, or 0.21 per cent, lower at 38,564.88.

The broader NSE Nifty too slipped 18.50 points, or 0.16 per cent, to close at 11,575.95. It also saw an intra-day movement of 81.50 points.

In the Sensex pack, Maruti was the biggest loser, shedding 3.60 per cent. Other major laggards were Yes Bank, IndusInd Bank, Tata Steel, Hero MotoCorp and NTPC — ending up to 2.33 per cent lower.

On the other hand, ONGC, Sun Pharma, Bajaj Finance, Coal India, Reliance Industries, Infosys, ITC, ICICI Bank, HCL Tech and HUL rose as much as 3.93 per cent.

Investor sentiment took a beating after US President Donald Trump on Monday decided not to grant sanctions exemptions to any oil customers of Iran, further squeezing Tehran’s top export commodity. This move could have implications on India’s energy security, experts said.

Global benchmark Brent crude was trading 0.62 per cent higher at USD 74.50 per barrel after

The rupee, meanwhile, weakened by 7 paise to 69.74 against the US dollar intra-day.

Meanwhile, foreign institutional investors (FIIs) purchased equity worth Rs 73.08 crore on Monday, while domestic institutional investors (DIIs) sold shares to the tune of Rs 68.16 crore, provisional data available with stock exchanges showed.

Elsewhere in Asia, markets in China, South Korea and Japan ended on a choppy note.

After a long Easter weekend, European equites started off on Tuesday on a mixed note.

Related posts

Stock markets give a thumbs-up to Interim Budget 2019

Kashmir Indepth

India’s role in manufacture & supply of COVID-19 vaccine will be critical: Bill Gates

Kashmir Indepth

BJP reshuffles party posts: Madhav dropped as general secretary

Zainab Hamdani

Facebook junks ‘LOL’ app for children

Kashmir Indepth

Even in COVID times, private schools demand admission fee

Kashmir Indepth

Over 100 suspected coronavirus people quarantined in 2 Srinagar hospitals

Kashmir Indepth

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

Privacy & Cookies Policy