ANI
21 Nov 2022, 22:03 GMT+10
Mumbai (Maharashtra), November 21 (ANI): The Indian markets ended in the negative territory on Monday as Sensex went down 518.64 points to 61,144.84 level while Nifty declined 150 points to 18,157.37 level. The markets were weighed down by the heavyweights such as ITC, Reliance Industries and HDFC Twins, among others.
Among the broad-based indices, BSE SmallCap lost 2.48 points to end at 28,752 with EaseMyTrip, IFCI, Central Bank, Escorts, JK Bank and DishTV, among the gainers on the index. BSE MidCap lost 38.07 points and ended at 25,096.85, with IOB, Manyavar, Union Bank, Max Health and Torrent Power among the active stocks while BSE LargeCap lost 59.95 points to settle at 7,025.88 level, while PNB, Indus Tower, Havells, Bharti Airtel and IOC among the most active stocks on the index.
Among the shares that were active on Monday, Airtel rose about 1.72 per cent as the telecom company launched 5G services in Guwahati on Monday. Punjab National Bank shares went up 3.82 per cent to Rs 47.60 apiece while Archean Chemical Industries which got listed today moved 12.57 per cent on BSE. Escorts' shares gain 8.13% to Rs 2,188 apiece on BSE.
In line with stock indices, the Indian rupee too weakened this morning. It opened at 81.85 per US dollar as against its Friday closing of 81.69. Indian stock indices extended their slump for the third consecutive session to start a fresh week. Continued profit booking by investors coupled with an eye on the future course of monetary policy action by the US Federal Reserve weighed on the indices.
The rupee has relatively strengthened in most of the recent sessions against the global benchmark dollar as the US dollar index has weakened substantially. The latest weakening of the US dollar is a positive for other currencies.In October, the rupee, however, breached the 83 mark for the first time in its history.According to VK Vijayakumar, Chief Investment Strategist at brokerage Geojit Financial Services: "The optimism driven by the recent decline in US inflation has run its course and the market is likely to wait for further data on the direction of US inflation and interest rates.""So, this is the time to play defensively rather than taking risky shots at the goal. Cautious defensive games can be a good short-term strategy," Vijayakumar added.Deepak Jasani, Head of Retail Research at HDFC Securities said Asian share markets turned hesitant on Monday as investors fretted about the economic fallout from fresh Covid-19 restrictions in parts of China. (ANI)
Get a daily dose of Scandinavia Times 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 Scandinavia Times.
More InformationPARIS, France: France has celebrated the groundbreaking for the first of four battery manufacturing gigafactories, which European and Asian companies ...
DUBLIN, Ireland: Ireland saw a 20.0 percent increase in people arriving from overseas in April 2023, compared to April 2022, ...
DUBLIN, Ireland: Ireland has set a record as unemployment fell to 3.8 percent in May, according to the Central Statistics ...
PORTLAND, Maine: Fishermen in the US's only commercial-scale fishing industry for valuable baby eels, called elvers, have recorded a productive ...
WARSAW, Poland: Plans are underway in Poland to gradually raise the minimum wage twice in 2024. The wage plan has ...
BEIJING, China: China will put into commercial operation its first large passenger airliner, in a bid to challenge western plane ...
TOKYO, Japan: After coming under public criticism for using Japanese Prime Minister Fumio Kishida's residence for a private party, his ...
WASHINGTON D.C.: The Defense POW/MIA Accounting Agency has announced that 2nd Lt. James Litherland of South Williamsport, Pennsylvania, an Army ...
DHAKA, Bangladesh - The Anti-Corruption Commission (ACC) has filed a case against 13 members of Grameen Telecom's board of directors, ...
WASHINGTON D.C.: The U.S. Commerce Department has said that trade ministers from 14 countries have taken part in the US-led ...
LOUISVILLE, Kentucky: Two horses that succumbed to their injuries at Churchill Downs have become the 11th and 12th fatalities over ...
FREMONT, California: Brain implant company Neuralink announced that it has received approval from US regulators to begin human brain implant ...