New Delhi: After an unexpected increase in the previous session, Indian equity indices plunged back into the red on Friday weekend. Selling pressure in information technology, banking, and energy equities drove down the domestic indices today.
Investors were concerned about the impact of central banks' aggressive monetary policy tightening on global economic growth. The 30-share BSE Sensex fell 1,017 points, or 1.84 percent, to close at 54,303, while the broader NSE Nifty fell 276 points, or 1.68 percent, to 16,202. Mid and small-cap stocks finished down, with the Nifty Midcap 100 down 0.83 percent and the small-cap index down 1.10 percent.
The NSE's 15 sector indicators all finished in the red. IT, Nifty Financial Services, and Nifty Oil & Gas sub-indices all underperformed the platform by 2.17%, 2.24%, and 2.08%, respectively. Bajaj Finance was the top Nifty loser, falling 4.08 percent to USD 5,658. The laggards included Kotak Mahindra Bank, HDFC, Hindalco, and Reliance Industries.
On the BSE Sensex, Kotak Bank, Bajaj Finance, HDFC, Reliance, Wipro, Infosys, Tech Mahindra, Tata Steel, TCS, HDFC Bank, ICICI Bank, and Sun Pharma were among the worst performers. On the other hand, Asian Paints, UltraTech Cement, Dr. Reddy's, Titan, Hindustan Unilever, Maruti, Nestle India, and NTPC came out on top.
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