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 International Travel News 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 International Travel News.
More InformationLONDON, U.K.: British oil giant Shell has denied reports that it is in talks to acquire rival oil company BP. The Wall Street Journal...
NEW YORK, New York - U.S. stock markets closed firmly in positive territory to start the week Monday, with the S&P 500 and Dow Jones...
WASHINGTON, D.C.: On Friday, President Donald Trump announced that he was halting trade discussions with Canada due to its decision...
LONDON, U.K.: A little-known investment fund based in the United Arab Emirates has emerged as the most prominent public backer of U.S....
SAN FRANCISCO, California: Across the U.S., a growing number of people are taking obesity treatment into their own hands — literally....
SAN FRANCISCO, California: Under pressure from European regulators, Apple has revamped its App Store policies in the EU, introducing...
NEW DELHI, India: India has decided not to allow a United Nations (UN) investigator to join the investigation into the recent Air India...
BANGKOK, Thailand: This week, Thailand implemented land border restrictions, including a ban on tourists traveling to Cambodia, as...
Shimla (Himachal Pradesh) [India], July 1 (ANI): Himachal Pradesh Public Works Minister Vikramaditya Singh stated that the Central...
Chennai (Tamil Nadu) [India], June 30(ANI): The Union Minister of Ports, Shipping & Waterways (MoPSW), Sarbananda Sonowal inaugurated...
Varna has kicked off the 2025 summer season on a strong note, with a notable increase in tourist arrivals and overnight stays during...
HAIKOU, June 30 (Xinhua) -- In the processing workshop of Hainan Changshu Seedling Development Co., Ltd. in Chengmai County, south...