Share Market Today News: Indices fall for the second straight day, Sensex crashes 420 factors on weak international cues

Stock Market New Today, Sensex, Nifty Share Price Live Today, November 10, 2022: The benchmark fairness indices on the BSE and National Stock Exchange (NSE) ended decrease for the second consecutive day, falling round 0.7 per cent on Thursday weighed by market heavyweight Reliance Industries (RIL) and Axis Bank amid weak spot within the international market.

The S&P BSE Sensex fell 419.85 factors (0.69 per cent) to finish at 60,613.70 whereas the Nifty 50 declined 128.80 factors (0.71 per cent) to settle at 18,028.20. Both the indices had opened round 0.5 per cent decrease earlier within the day and slipped additional because the session progressed with the Sensex touching an intraday low of 60,425.47 and the broader Nifty hitting 17,969.40.

As many as 24 out of the 30 Sensex elements ended within the purple on Thursday. Axis Bank was the worst performer of the day adopted by Bajaj Finserv, Titan Company, Mahindra & Mahindra (M&M), Bajaj Finance, IndusInd Bank, Power Grid Corporation of India, State Bank of India (SBI) and Maruti Suzuki India. In distinction, HDFC Bank, Bharti Airtel, Kotak Mahindra Bank, Dr. Reddy’s Laboratories, Hindustan Unilever and Housing Development Finance Corporation (HDFC) had been the one gainers.

All sectoral indices on the NSE ended decrease on Thursday. Nifty Auto index declined 1.95 per cent, Nifty PSU Bank fell 1.28 per cent and Nifty Consumer Durables slipped 1.18 per cent.

In the broader market, the S&P BSE MidCap fell 261.08 factors (1.02 per cent) to settle at 25,427.98 and the S&P BSE SmallCap declined 307.66 factors (1.05 per cent) to finish at 28,889.48.

“Following sluggish global markets, the cautious mood persisted in the domestic market. Losses on the Dalal Street were led by profit booking in auto and PSU banks, while selling in mid and small caps followed the trend. Investors around the globe are awaiting US inflation data, which is expected to slow for the fourth month, which can have a positive lead,” mentioned Vinod Nair, Head of Research at Geojit Financial Services.

Global Markets (from AP)

Global inventory markets fell on Thursday forward of a US inflation replace that may seemingly affect Federal Reserve plans for extra rate of interest hikes as buyers waited to see who will management Congress after this week’s elections. London, Shanghai, Frankfurt and Tokyo declined. US futures had been larger.

In early buying and selling, the FTSE 100 in London was 0.1 per cent decrease at 7,285.86. The DAX in Frankfurt misplaced 0.1 per cent to 13,647.47 and the CAC 40 in Paris shed 0.2 per cent to six,417.98. On Wall Street, futures for the S&P 500 and the Dow Jones Industrial Average had been up 0.3 per cent.

In Asia, Hong Kong’s Hang Seng index fell 1.7 per cent to 16,081.04 and the Nikkei 225 in Tokyo sank 1 per cent to 27,446.10. The Shanghai Composite Index misplaced 0.4 per cent to three,036.13. The Kospi in Seoul declined 0.9 per cent to 2,407.70 and Sydney’s S&P-ASX 200 was off 0.5 per cent at 6,964.00.