HomeLatestWeak world cues drag Sensex, Nifty decrease in opening commerce

Weak world cues drag Sensex, Nifty decrease in opening commerce

Mumbai (Maharashtra) [India], February 9 (ANI): The home fairness market on Thursday opened with losses, monitoring weak world cues. Though the repo fee hike choice taken by the Reserve Bank of India’s Monetary Policy Committee met the vast majority of market members’ expectations, traders are nonetheless within the cautious mode as we speak.

Key indices of the home market Sensex misplaced 120.88 factors to 60,542.91 whereas Nifty declined 52 factors to 17,817.65. Gainers on Sensex had been Bajaj Finance, Larsen and Toubro, Infosys, TCS and Power Grid whereas Tata Motors, UltraTech Cement, Bharti Airtel and Maruti had been a few of the laggards.

In Asian markets, Japan’s Nikkei was down 126 factors, Hong Kong’s Hang Seng was up 50 factors, China’s Shanghai surged 20 factors whereas S and P went right down to 38 factors.

In American markets, Dow Jones declined 207 factors, Nasdaq misplaced 203 factors, NYSE Composite declined 86 factors whereas S and P went down 210 factors.

In European markets, CAC 40 and Deutsche Borse had been buying and selling within the inexperienced, FTSE 100 was buying and selling up 20 factors whereas Ibex 35 surged 54 factors.

Adani Group corporations proceed to make losses on Thursday. Shares of Adani Enterprises dropped 15 per cent to Rs 1,839.65 apiece on Thursday morning. Adani Wilmar gained Rs 4.15 or 0.64 per cent to Rs 421. Adani Ports was down 6.40 per cent to Rs 560.90 whereas Adani Green declined 4.80 per cent to Rs 770.05. Adani Transmission shares additionally misplaced 5 per cent to Rs 1,249.10 apiece at 9.36 am on Thursday.

On Wednesday, Sensex closed at 60,663.79 factors, up 377.75 factors or 0.63 per cent, whereas Nifty closed at 17,871.70 factors, up 150.20 factors or 0.85 per cent.

RBI’s financial coverage assembly on Wednesday determined to lift repo fee by 25 foundation factors to six.50 per cent. Repo fee is the speed at which the RBI lends cash to all industrial banks.

Since May final 12 months, the RBI has elevated the short-term lending fee by 250 foundation factors, together with that accomplished as we speak to comprise inflation. India’s retail inflation was above RBI’s six per cent goal for 3 consecutive quarters and had managed to fall again to the RBI’s consolation zone in November 2022. (ANI)

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