Tag: sharp losses

The domestic benchmark indices suffered deep losses today(6 May 2022) following the sharp losses in the US markets overnight and Asian stocks this morning. The BSE Sensex fell over 1,000 points to 54,668, while the NSE Nifty shed 316 points to 16,366. All frontline stocks were in the red. Among the Sensex-30 shares, Bajaj Twins, Maruti, Wipro, Ultratech Cement, HCL Tech, Axis Bank, Infosys, HUL, and Tata Steel were the top losers, down up to 3 percent. Read more

The Indian key benchmark indices held on to sharp losses in early morning trade today (14th February 20222) but were slightly off lows. The indices had slumped at open amid high global volatility on a possible Russian invasion of Ukraine. The BSE Sensex was now 1,100 points at 57,041, and the NSE Nifty was at 17,032, lower by 348 points. HDFC, IndusInd Bank, Tata Steel, SBI, ICICI Bank, M&M, and Bharti Airtel were the top Sensex laggards, down 3-3.5 percent. JSW Steel led losses on the Nifty, trading 5 percent lower, followed by additional losers-HDFC Life and Tata Motors. The overall market breadth was also highly negative with 2,630 stocks declining on the BSE, while only 517 were trading higher. Read more