Markets decline for sixth day; Sensex sheds 135 factors

Benchmark indices prolonged their dropping streak to the sixth straight session on June 17, with the Sensex declining 135 factors in uneven commerce amid combined world markets, unabated international fund outflows, and rising crude oil costs.

The Bombay Stock Exchange (BSE) benchmark declined 135.37 factors or 0.26 per cent to settle at 51,360.42. During the day, the benchmark confronted volatility and tanked 574.57 factors or 1.11 per cent to its one-year low of fifty,921.22.The NSE Nifty went decrease by 67.10 factors or 0.44 per cent to finish at 15,293.50.

From the Sensex pack, Titan, Wipro, Dr Reddy’s, Asian Paints, Sun Pharma, PowerGrid, Larsen & Toubro, UltraTech Cement, Maruti, TCS and Hindustan Unilever have been the largest laggards. While, Bajaj Finance, Bajaj Finserv, Reliance Industries and ICICI Bank have been among the many gainers.

In Asia, markets in Tokyo and Seoul ended decrease, whereas Hong Kong and Shanghai posted positive aspects. European markets have been buying and selling within the inexperienced in mid-session offers. Stock exchanges within the US ended sharply decrease on Thursday, June 16.

Best of Express PremiumPremiumPremiumPremiumPremium

Chief Investment Strategist at Geojit Financial Services, V Okay Vijayakumar mentioned , “The dominant theme impacting equity markets globally is the synchronised global monetary tightening and the consequent fears of economic slowdown.” 

Meanwhile, worldwide oil benchmark Brent crude jumped 0.96 per cent to USD 120.96 per barrel. Foreign institutional buyers (FIIs) remained web sellers within the capital market, as they offered shares value Rs. 3,257.65 crore on Thursday June 16, as per BSE knowledge.