Home » Sensex closes 599 points with global recession

Sensex closes 599 points with global recession

The broader NSE Nifty also ended with a loss of 164.85 points or 1.08% at 15,080.75.

Demolishing its three-season winning run, the BSE Sensex fell below the 51,000 level on Thursday with a major 5,000-point decline amid a downturn in global stocks from a surge in US yields.

The intra-day, 30-share BSE index fell by 905 points to 598.57 points, or 1.16%, before ending the session at 50,846.08.

The broader NSE Nifty also ended with a loss of 164.85 points or 1.08% at 15,080.75.

“Domestic equities today are trading lower on mainly weak global cues … Financial and metals indices were keg drugs today, while FMCG, pharma and IT indices were resilient. 10-year USA Treasury yield increased by 6 bps Has troubled investors today, ”Binod Modi, Head – Strategy at Reliance Securities.

The Sensex had gained 2,344.66 points or 4.77% in the previous three sessions, while the Nifty had gained 716.45 points or 4.93%.

According to data, foreign investors bought equity worth 88 2,088.70 crore in the Indian capital market on a net basis on Wednesday.

On Thursday, Asian stocks also worsened after an overnight increase in bond yields and depleted Wall Street.

On the foreign exchange market , the rupee closed 11 paise lower at 72.83 against the US dollar.

Meanwhile, global crude oil benchmark Brent was trading up 1.16% at $ 64.73 a barrel.

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