Sensex falls over 270 points in early trade
The Hindu
Nifty slips below 16,300
Equity benchmark Sensex fell over 277 points in opening trade on Thursday, June 9, 2022,tracking losses in index majors Asian Paints, TCS and HCL Tech amid a negative trend in global markets.
The 30-share BSE gauge was trading 277.91 points or 0.51 per cent lower at 54,614.58 in early trade. Likewise, the Nifty declined 76.40 points or 0.47 per cent to 16,279.85.
Asian Paints was the top loser in the Sensex pack, slipping 1.85 per cent, followed by HCL Tech, TCS, UltraTech Cement, Nestle India, HUL and Titan.
On the other hand, Dr Reddy's, Reliance Industries and NTPC were the only gainers.
In the previous session, the 30-share BSE Sensex tumbled 214.85 points or 0.39 per cent to close at 54,892.49 in see-saw trade. The broader NSE Nifty declined 60.10 points or 0.37 per cent to finish at 16,356.25.
On June 8, the Reserve Bank of India (RBI) hiked the policy rate on expected lines but sharply raised the inflation forecast for the current fiscal amid geopolitical tensions and supply chain issues.
The RBI raised the key interest rate by 50 basis points, the second increase in five weeks, to rein in inflation that it saw continuing to hurt consumers in the near term.
Adani Enterprises Ltd stock dips on NSE and BSE after Kenyan project cancellations and U.S. court allegations.
HSBC Flash India PMI shows uptick in private sector activity, with rising cost pressures and increased prices for customers.
Rupee rises slightly against US dollar amid geopolitical pressures, foreign outflows, and domestic equities; Brent oil surges.
Sensex and Nifty rebound in early trade driven by value buying, bank stock rally, and positive global cues.
The pandemic-induced downturn marked a turning point for cab drivers in Bengaluru. According to Tanveer Pasha, president, Ola and Uber Drivers’ Association, the number of active cabs in the city has dropped from over 1 lakh before the pandemic to just around 30,000 today.
Amazon will likely face an EU investigation next year into whether it favours its own brand products, said sources.
White House addresses bribery charges against Indian billionaire Adani, expresses confidence in U.S.-India relationship.
NTPC Green Energy IPO oversubscribed by 93% on day 2, raising ₹3,960 crore for renewable energy projects.
Chief Economic Advisor advises India Inc to focus on productivity, R&D, and quality over reliance on weak currency for exports.
Private telcos lost over 1 crore wireless subscribers in September, while BSNL added 8.5 lakh users, refusing to hike tariffs.
Gautam Adani indictment may become a factor in future negotiations between the Adani Group and Bangladesh, energy experts in Dhaka say