ANI
28 Jun 2022, 10:25 GMT+10
New Delhi [India], June 28 (ANI) After three consecutive sessions of rally, domestic equity indices declined in the opening deal on Tuesday on weak overnight cues from the US markets.
Notably, the domestic indices declined during the majority of the sessions so far in June.
Major stock indices in the US posted their biggest declines in more than a week on Monday, said Deepak Jasani, Head of Retail Research of HDFC securities.
Also, concerns of consistent fund outflows from India by foreign portfolio investors as well as rising global crude oil prices weighed on the investors' sentiment.
Besides the Indian indices, other major Asian shares too declined in early trade on Tuesday with investors taking their cues from a volatile overnight session in the US.
At 9:33 am, Sensex was at 52,850.41 points, down 310.87 points or 0.58 per cent, whereas Nifty was at15,730.50 points, down 101.55 points or 0.64 per cent.
Among the individual stocks, Asian Paints, Titan, Adani Ports, Bajaj Auto, and Bajaj Finserv were the top five losers among the Nifty 50 companies, while ONGC, Mahindra and Mahindra, BPCL, Reliance Industries, and ITC were the top five gainers, National Stock Exchange data showed.
Besides other factors, consistent weakness in the Indian currency rupee too has a negative bearing on the financial markets.
"The sentiments have taken a hit amid deteriorating global growth prospects and as the central banks look to act aggressively in their battle against inflationary forces," said Sugandha Sachdeva, Vice President - Commodity and Currency Research, Religare Broking. (ANI)Get a daily dose of Broadcast Communications 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 Broadcast Communications.
More InformationREDMOND, Washington: Artificial intelligence is transforming Microsoft's bottom line. The company saved over US$500 million last year...
WASHINGTON, D.C.: A federal rule designed to make it easier for Americans to cancel subscriptions has been blocked by a U.S. appeals...
BASTROP, Texas: In a surprising turn at Elon Musk's X platform, CEO Linda Yaccarino announced she is stepping down, just months after...
NEW YORK CITY, New York: Former British prime minister Rishi Sunak will return to Goldman Sachs in an advisory role, the Wall Street...
LONDON, U.K.: Physically backed gold exchange-traded funds recorded their most significant semi-annual inflow since the first half...
AMSTERDAM, Netherlands: Some 32 percent of global semiconductor production could face climate change-related copper supply disruptions...
(Photo credit: Mark J. Rebilas-Imagn Images) Amazon Prime Video has hired veteran broadcaster Kevin Harlan to call NBA games during...
Ganderbal (Srinagar) [India], July 10 (ANI): The Indian Army launched Radio Kangan 88.4 FM in Wussan, Ganderbal, Central Kashmir, to...
On July 6, an arson attack targeted the East Melbourne Synagogue. It was the latest in a series of antisemitic incidents recorded across...
New Delhi [India], July 9 (ANI): Amid a controversy over the Udaipur Files movie, based on the 2022 murder of tailor Kanhaiya Lal in...
Varanasi (Uttar Pradesh) [India], July 9 (ANI): The Gyanvapi Sangharsh Samiti in Uttar Pradesh's Varanasi, which includes the female...
New Delhi [India], July 9 (ANI): The Delhi High Court on Wednesday directed a special screening of the controversial film 'Udaipur...