Release Date – 12:45 PM, Mon – 21 November 22
After a weak start, the 30-share BSE Sensex fell a further 463.1 points to 61,200.38. The broader NSE Nifty shed 129.25 points to 18,178.40.
Mumbai: Market benchmarks fell in early trade on Monday amid weakness in other Asian stock markets.
After a weak start, the 30-share BSE Sensex fell a further 463.1 points to 61,200.38. The broader NSE Nifty shed 129.25 points to 18,178.40.
In the Sensex pack, Bajaj Finance, Mahindra & Mahindra, Bajaj Finserv, ITC, Reliance Industries, Tech Mahindra, HDFC, Infosys, Tata Consultancy Services and Nestle were the main laggards.
Axis Bank, Bharti Airtel, Maruti, Hindustan Unilever and Tata Steel were the winners.
Elsewhere in Asia, markets in Seoul, Tokyo, Shanghai and Hong Kong traded lower.
Wall Street closed higher on Friday.
“There is a strong tailwind and a strong headwind that can swing the market right now. The tailwind is a sharp drop in Brent to $86.75, which is a huge macro positive for India. But this tailwind is unlikely It is pushing the market higher as the headwinds to a steady decline in momentum in the recent market uptrend are very strong,” said VK Vijayakumar, chief investment strategist at Geojit Financial Services.
Vijayakumar added that the optimism fueled by the recent decline is that U.S. inflation is over and the market will likely wait for further data on the direction of U.S. inflation and interest rates.
The BSE benchmark index fell 87.12 points or 0.14 percent to close at 61,663.48 on Friday. The Nifty shed 36.25 points or 0.20 percent to end at 18,307.65.
Brent crude, the international oil benchmark, fell 1.22% to $86.55 a barrel.
Foreign institutional investors (FIIs) sold shares worth Rs 7.512 billion on Friday, according to exchange data.
