Markets fall in early trade amid weak Asian equities, foreign fund outflows
The Hindu
The 30-share BSE Sensex fell 257.62 points to 62,910.68.
Equity benchmark indices declined in early trade on June 20 amid a weak trend in Asian markets and foreign fund outflows.
The 30-share BSE Sensex fell 257.62 points to 62,910.68. The NSE Nifty declined 73.45 points to 18,682.
From the Sensex pack, Bajaj Finance, Bajaj Finserv, Asian Paints, Hindustan Unilever, Mahindra & Mahindra, HDFC, ICICI Bank, HDFC Bank, and IndusInd Bank were the major laggards.
Power Grid, Wipro, NTPC, Infosys, Tata Steel, and Bharti Airtel were the gainers.
In Asian markets, Seoul, Tokyo, Shanghai, and Hong Kong were trading in the negative territory.
The U.S. markets were closed on Monday on the observance of Juneteenth holiday.
Global oil benchmark Brent crude dipped 0.17% to $75.96 a barrel.
Tuhin Kanta Pandey appointed as SEBI Chairperson, focusing on technology, trust, transparency, and teamwork for institution's growth.
Key infrastructure sectors' output grew by 4.6% in January 2025, with coal, steel, and electricity production increasing.
Commerce Minister Piyush Goyal to negotiate bilateral trade agreement with US, aiming to boost commerce and investments.
Tuhin Kanta Pandey borrows from a near four-decade career in public administration that had him serving as a district collector and magistrate of Odisha’s Sambalpur district to being recently made Revenue Secretary in addition to his position as Finance Secretary.
A Cognizant subsidiary took Infosys to court, alleging that the IT major had stolen data from their proprietary software.
Bajaj Auto Ltd. launches Bajaj GoGo electric autos with long range, segment-first features, and trusted reliability for customers.
The U.S. President’s economic and tariff policies and measures to secure his country’s borders may seem justified in terms of promoting his nation’s interests but have wider ramifications not only for Americans themselves, but also for the rest of the world. His tariff proposals will result in supply chain disruptions, lead to market and currency volatility, disrupt capital and trade flows, contribute to inflation and cause a decline in world trade and economic growth, worsening the plight of the poor, especially in developing economies.