Market ends weak amid selling across sectors
At close, the Sensex was down 820.97 points or 1.03% at 78,675.18, and the Nifty was down 257.80 points or 1.07% at 23,883.50.
As investors took lessons from the robust US markets, the domestic markets opened up higher in early sessions. According to US data released on Friday, inflation was continuing to decline and the Federal Reserve’s rate hikes were effective. When the Asian markets started on Monday, all of the major American market indices were trading in the black.
The NSE Nifty increased 68 points to 17,875.25, while the 30-share BSE Sensex increased 90.89 points to 59,942.35 on the BSE. Union Bank of India, JP Associates, HCC, and SJVN were some of the most active gainers on the BSE, while Reliance Infra, Sindhu Traders, Ajanta Pharma, Tata Teleservices, and Timken were some of the index’s laggards.
Adani Enterprises, Mahindra, Hindalco, HDFC Bank, and Tata Motors were among the Nifty’s most active stocks, while Dr. Reddy, Bharti Airtel, Bajaj Auto, Cipla, and SBI Life were among the index’s laggards.
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Investors’ reactions to Asian markets were erratic. The morning trade on Monday saw the Nikkei rise 116 points, the Hang Seng in Hong Kong fall 86 points, and the Shanghai SE rise 6 points.
As of Monday morning, the FTSE was up, the CAC was down 13 points, and the Deutsche Borse was up 26.86 points on the European stock exchanges.
In the meantime, the Dow Jones increased by more than 176.44 points, the Nasdaq increased by 21 points, the S&P 500 was up by 22 points, and Refinitiv was also up.
On Monday morning, the rupee increased 5 paisas to 82.835 versus the US dollar.
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