Home » Sensex slips below 440-mark, Nifty slips below 15,000-level
Business

Sensex slips below 440-mark, Nifty slips below 15,000-level

The BSE gauge Sensex went down by more than 440 points and the NSE Nifty fell below the 15,000 level psychologically on Friday with continued sell-off in global equities as the US bond market turmoil continues to haunt investors.

At the closing, the Sensex was quoted at 50,405.32, indicating a decline of 440.76 points or 0.87% over the previous close. Intraday, the index is around 726 points.

The NSE Barometer Nifty lost 142.65 points, or 0.95%, to close at 14,938.10.

On the SENSEX chart, IndusInd Bank, SBI, Dr Reddy’s, NTPC, ICICI Bank, HCL Tech and Bajaj Finserv emerged as the major laggards.

On the other hand, ONGC, Maruti, Kotak Bank, Nestle and UltraTech Cement were among the beneficiaries. 21 of the Sensex shares closed with losses.

Elsewhere in Asia, markets continued their downfall on Friday following a rebound on Wall Street, amid that rising bond yields would increase inflationary pressures.

“Domestic corrected for second consecutive day due to increase in 10-year USA Treasury yields and comment of Federal Reserve Chairman. Reformer in 3-4% limit,” Binod Modi, Head – Strategy at Reliance Securities.

Clearly, the fear of rising bond yields, which softened last week, has re-surfaced with a sharp rise in United States Treasury yields again, he said, with a higher bond yields future earnings or cash. The flow reduces the estimates and hence the premium valuations of become suspect.

According to exchange data, foreign investors on Thursday had offloaded equities worth ₹ 223.11 crore in the Indian capital markets on a net basis.

On the foreign exchange market front, the rupee depreciated 19 paise to close at 73.02 against the US dollar. Brent, the global crude benchmark, was up 1.26% at $ 68.11 a barrel.

You have reached your for free articles this month.

Membership benefits included

Today’s paper

Get a mobile-friendly version of the article from the newspaper of the day in an easy-to-read list.

unlimited access

Enjoy reading as many articles as you want without any limitations.

Personal recommendations

A selected list of articles that match your interest and taste.

Fast page

Move seamlessly between articles as our pages load instantly.

Dashboard

One-stop- to see the latest updates and manage your preferences.

Talk

We inform you about the latest and most events three times a day.

Support quality journalism.

* Our digital subscription plans currently do not include e-paper, crosswords and print.

.

About the author

admin

Add Comment

Click here to post a comment