Business

Markets Plummet In Early Trade Owing To Weak Global Trends

Equity benchmark indices Sensex and Nifty fell in early trade on Monday, owing to negative global market trends.

In early trade, the 30-share BSE Sensex dipped 483.62 points, or 0.60 percent to 80,121.03. The NSE Nifty slipped 157.80 points, or 0.64 percent to 24,373.10.

Wipro, Reliance Industries, Kotak Mahindra Bank, ICICI Bank, Eicher Motors, ICICI Prudential, SBI Life Insurance, Induslnd Bank, Axis Bank, and ITC were the top laggards.

Among the winners were NTPC, BPCL, RECL, Info Edge(India), Torrent Pharma, HDFC Bank, LIC, Siemens, HAL, Power Finance Corp, Bajaj Holdings, GAIL (India), and Power Grid Corp.

In Asian markets, Singapore, Indonesia, and Hong Kong were trading in positive territory, while Malaysia, Tokyo, Thailand, Taiwan, South Korea, and Shanghai were trading in negative territory.

US markets closed lower on Friday.

European markets ended in negative territory on Friday.

Brent crude gained 0.67 percent to USD 83.18 per barrel.

According to exchange data, Foreign Institutional Investors (FIIs) bought equities worth Rs 1,506.12 crore on Friday.

On Friday, the Sensex dipped 738.81 points, or 0.90 percent to 80,604.65, while the Nifty sank 269.95 points, or 1.08 percent to 24,530.90.

Also read: Full Buck Moon Of July Rises On July 21

Spriha Rai

Recent Posts

‘In Kabul, A Cat Has More Freedom Than A Woman’: Revisiting Women’s Struggles Under The Taliban

The Taliban’s regime has since imposed over 100 laws restricting women's rights, stripping them of…

7 hours ago

PM Modi’s Gifts: A Glimpse Of India’s Cultural Heritage In Global Diplomacy

These gifts to world leaders reflect the diverse traditions, arts, and crafts of India, emphasizing…

10 hours ago

Dr Rajeshwar Singh Calls For Bold Goals To Make India A Global Power By 2047

Dr Singh stressed the importance of reaching a GDP of $15 trillion by 2047 to…

10 hours ago

Gautam Adani Faces Indictment In US: Legal Expert Vijay Aggarwal Dismisses Immediate Repercussions

Criminal lawyer Vijay Aggarwal weighed in on the charges against Adani. He believes the indictment…

11 hours ago

Adani Group Stocks Recover As Sensex nd Nifty Post Gains

After a major sell-off earlier in the week, Adani Group stocks, led by Ambuja Cements…

12 hours ago

Sensex Soars 1,961 Points, Nifty Gains 557 In Broad-Based Market Rally

A sharp rally in financial stocks and encouraging US labor market data fueled the uptrend.…

12 hours ago