ANI
12 May 2022, 13:48 GMT+10
Mumbai (Maharashtra) [India], May 12 (ANI): The Indian stock markets' key indices, Sensex and Nifty, slumped by more than two per cent on Thursday dragged by heavy selling pressure in banking and metal stocks as high US inflation data dampened investors' confidence.
The 30 stock SP BSE Sensex was trading 1089.11 points or 2.01 per cent down at 52,999.28 points at 12.53 pm, against its previous day's close at 54,088.39 points.
Earlier, the Sensex started the trade deep in the red at 53,608.35 points and slumped to a low of 52,957.20 points.
This is the fifth straight session of loss in the benchmark Sensex. The Sensex had lost 276.46 points or 0.51 per cent on Wednesday.
The broader Nifty 50 of the National Stock Exchange dipped 333.15 points or 2.06 per cent to 15,833.95 points against its previous day's close at 16,167.10 points.
The Nifty 50 is trading in the red for the fifth straight day. The Nifty had slumped 72.95 points or 0.45 per cent on Wednesday.
IndusInd Bank tumbled 5.45 per cent to Rs 872.90. Tata Steel dipped 4.57 per cent to Rs 1113. Bajaj Finance fell 4.64 per cent to Rs 5536.75. Bajaj Finserv was trading 3.81 per cent down at Rs 12810.60.
State Bank of India slumped 3.47 per cent to Rs 460.05. HDFC Bank was down 3.07 per cent to Rs 1306.65.
The index heavyweight Reliance Industries was trading 1.80 per cent down at Rs 2405.75.
Only four of the 30 scrips that are part of the Sensex were trading in the positive. HCL Technologies was up 0.79 per cent at Rs 1063.50. TCS, Wipro and Tech Mahindra were trading in the positive. (ANI)Get a daily dose of Mexico Star news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Mexico Star.
More InformationDUBLIN, Ireland - An Garda Siochana and the Road Safety Authority (RSA) are urging motorists to avoid driving under the influence of...
One halcyon spring day in 1903, the 69-year-old anatomist and naturalist Dr. James Bell Pettigrew sat at the top of a sloping street...
NEW YORK CITY, New York: New York's office market is showing signs of a comeback as major investors, including Blackstone, scout for...
Balochistan [Pakistan], March 15 (ANI): Paank, the human rights department of the Baloch National Movement, has reported alarming human...
Washington [US], March 15 (ANI): Disney has officially released the first trailer for 'Freakier Friday', the long-awaited sequel to...
Dubai [UAE], March 14 (ANI/WAM): Dubai has been transformed into a vibrant spectacle of light and artistry for the holy month of Ramadan,...
NEW YORK CITY, New York: The U.S. must accelerate its efforts to develop fusion energy or risk losing its edge to China, Virginia Governor...
WASHINGTON, D.C.: In the past 20 years, China has become the world's top shipbuilder, producing more than half of all commercial ships....
ALBANY, New York: New York fired over 2,000 prison guards this week for not returning to work after a weeks-long strike that disrupted...
BEIJING, China: China has announced new tariffs on Canadian agricultural and food products in retaliation for Canada's recent duties...
ENNIS, Texas: A man died, and three of his family members were injured when their RV flipped several times during a strong storm at...
One halcyon spring day in 1903, the 69-year-old anatomist and naturalist Dr. James Bell Pettigrew sat at the top of a sloping street...