Sensex, Nifty fall in early trade after two days of rally
The Hindu
Updates on Sensex and Nifty on June 22, 2023
The benchmark indices fell in early trade on Thursday, June 22, 2023, acing heavy volatility, amid emergence of profit-taking and negative trend in the US markets.
Hawkish remarks from Federal Reserve Chair Jerome Powell made investors cautious.
The 30-share BSE Sensex fell 150.18 points to 63,372.97 even after a positive beginning to the trade. The BSE benchmark hit an intra-day all-time peak of 63,601.71 in initial deals. However, the benchmark index faced volatile trends later and was trading marginally lower.
The NSE Nifty dipped 25.95 points to 18,830.90 in early trade.
From the Sensex pack, Infosys, Power Grid, Wipro, Kotak Mahindra Bank, Tech Mahindra, Bajaj Finance, Hindustan Unilever and Nestle were the biggest laggards.
Tata Steel, Mahindra & Mahindra, ICICI Bank, HDFC Bank, HDFC, Maruti, ITC and Reliance Industries were among the major gainers.
In Asian markets, Seoul quoted in the green, while Tokyo traded lower.
Bitcoin’s march toward $100,000 made further ground on Thursday as the coin crossed $95,000.
Billionaire Gautam Adani indicted in New York for bribery and fraud scheme, impacting Adani Group's financial plans.
SEC charges Adani Group chairman with defrauding American investors and bribing officials in multi-billion-dollar solar energy project scheme.
Country Club Hospitality and Holidays Ltd clears ₹600 crore debt, explores global partnerships, franchise model for growth and expansion.
Steel Secretary addresses concerns over cheap steel imports from FTA nations, highlighting challenges faced by domestic industry.
Stock markets in India closed for Maharashtra elections, with a bounce back in domestic indices observed on Tuesday.
The sensor systems for vehicles in India are all imported. Nothing is made in India though they are engineered at a sustainable low cost, said ISRO Chairman S. Somanath.
Donald Trump's proposed tariffs on Chinese imports could impact global trade, inflation, and economic growth.
Evernorth Health Services opens global capability centre in Hyderabad, plans to hire 300 more employees by April.
Tata Power partners with Bhutan's DGPC to develop 5,000 MW clean energy capacity, strengthening regional clean energy sector.
Rupee closes flat against dollar amid geopolitical tensions, domestic market optimism; traders eye upcoming data and elections.