New Delhi: Equity Benchmark India on Monday plunged sharply in an afternoon offer, dragged by heavy sales pressure in Information Technology Stock (IT). The ongoing Russian-Ukrainian crisis and increased inflation of sentiment investors. Also, the surge in crude oil prices makes investors dependent.
The trend on Nifty Futures in the Singapore Exchange (SGX Nifty) also shows the beginning of the gap-down for the domestic index amid the company’s income season.
The wholesale price inflation rate (WPI) rose to 14.55 percent in March. That number has lived in two digits for the 12th month in a row. A set of government data released last week showed that retail inflation (consumer price-based) has reached a 17-month high of 6.95 percent in March.
Brent Futures rose $ 1.50, or 1.3 percent today, with $ 113.20 a barrel, and A. West Texas futures rose 98 cents, or 0.9 percent, to $ 107.93 a barrel on the supply problem more stringent global.
Back home, 30-share BSE Sensex hit 1,467 points or 2.51 percent to 56,872 in afternoon trade, while the wider NIFTY NIFTY moved 391 points or 2.24 percent to 17085.
Market capitalization of companies registered with Bse Fall ₹ 4.52 Lakh Crore to ₹ 267.50 Lakh Crore.
Mid-cap and small shares were weak because Nifty MIDCAP 100 fell 1.82 percent and a small lid of struggling 1.79 percent.
14 of the 15 gauge sectors – compiled by the national stock exchange – traded in red. Nifty It and Nifty Financial Services are lowly performing from the index by falling by 4.19 percent and 2.60 percent respectively.
On the stock specific front, Infosys was a loser as a crack that was cracked 7.84 percent to ₹ 1,609.75. Tech Mahindra, HDFC twins (HDFC and HDFC Bank) and Rosmital Apollo also among those who lose.
Overall the market area stands negative because of 1,191 forward shares while 2,250 decreases in BSE.
In the BSE 30-share index, Infosys, TECHM, HDFC Twins, Wipro, TCS, HCL Tech, Bajaj Finserv and the Mahindra Bank box are among the top Lambgard.
Instead, NTPC, Tata Steel, Nestle India, Hindustan Unilever, M & M and Maruti traded at Green. Tata Steel jumped 1.61 percent after the council announced that it would consider the proposal to divide stock on May 3.
Sensex has recorded 237 points or 0.41 percent to close at 58,339 on Wednesday, while Nifty has moved 55 points or 0.31 percent lower to settle 17,476. The index was reopened today after the gap four consecutive days.
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