Sensex declines 75 points in early trade
The Hindu
Investors preferred to stay on the sidelines on June 14, 2023. Click here to know more about Sensex and NSE updates.
Benchmark equity indices fell in early trade on Wednesday, June 14, 2023 after two days of rally as investors preferred to stay on the sidelines ahead of the announcement of the US Fed interest rate decision later in the day.
The 30-share BSE Sensex declined 75.11 points to 63,068.05. The NSE Nifty dipped 9.6 points to 18,706.55.
From the Sensex pack, IndusInd Bank, Bharti Airtel, Bajaj Finserv, Infosys, Tech Mahindra, Hindustan Unilever, Bajaj Finance, Axis Bank, Wipro and Larsen & Toubro were the major laggards.
Tata Steel, Power Grid, Tata Motors, ITC, Nestle and UltraTech Cement were among the gainers.
In Asian markets, Seoul and Hong Kong were trading lower, while Tokyo and Shanghai quoted in the green.
The US markets ended in positive territory on Tuesday.
Global oil benchmark Brent crude climbed 0.09 per cent to USD 74.36 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.