Market snaps 5-session gain; Sensex, Nifty fall over 1% on weak U.S. data
The sentiment was dented by weak U.S. manufacturing PMI data, which triggered sell-off in the global equity market.
The sentiment was dented by weak U.S. manufacturing PMI data, which triggered sell-off in the global equity market.
The BSE Sensex and Nifty50 are likely to open lower on Thursday, tracking soft cues from global peers and negative trend at Gift Nifty.
The equity benchmarks continued their record setting spree on Thursday, wherein Sensex and Nifty recorded fresh all-time highs of 63,583 and 18,887, respectively.
The BSE Sensex and the NSE Nifty are expected to start the week on a bearish note as the escalating situation in Ukraine continues to roil global equities.
SBI topped the BSE Sensex losers’ chart by falling 2%, followed by Mahindra & Mahindra, NTPC, Kotak Mahindra Bank and Wipro, among others.
Indian benchmark indices closed higher for the fourth session on Wednesday, led by gain in index heavyweights such as RIL, Infosys, ICICI Bank, Bharti Airtel, and M&M.
Indian share market ended higher for the third session with the BSE Sensex rising 221 points and the Nifty50 ending at 18,055.
The BSE Sensex and the NSE Nifty are expected to open lower on Tuesday as trends on SGX Nifty indicate a gap-down opening for the Indian share market.
The BSE Sensex and the NSE Nifty resumed their gaining streak after a day’s fall in the previous session led by index heavyweights RIL, TCS, and ICICI Bank.
The BSE Sensex and the NSE Nifty are likely to open flat on Tuesday as market participants remain concerned about rising cases of the Omicron variant of Covid-19.