Last Updated: March 15, 2024, 09:35 IST
Stock Market Update: Equity benchmark indices opened decrease Friday amid weak international sentiment following a warmer-than-anticipated improve in US wholesale inflation. The BSE Sensex fell 200 factors to 72,892 and the NSE Nifty slipped 50 factors to 22,090.
Axis Bank, Infosys, Tech M, Bajaj Finserv, TCS, HCL Tech, ICICI Bank, SBI and RIL led losses on the Sensex, whereas Hindalco and JSW Steel had been the highest Nifty losers.
On the flip facet, Asian Paints, Nestle, HUL, NTPC, Power Grid, BPCL and Tata Motors had been the one frontline gainers.
The broader markets opened on a tepid word. The BSE MidCap and SmallCap indices had been almost flat versus losses within the BSE Sensex.
Global Cues
Asian shares slumped on Friday, monitoring tech-led declines on Wall Street in a single day after hotter-than-forecast U.S. inflation knocked again bets for the way quickly and sometimes the Federal Reserve will reduce rates of interest.
Tokyo shares opened decrease on Friday after Wall Street shares fell on renewed worries over inflation. The benchmark Nikkei 225 index was down 0.60 p.c, or 231.47 factors, to 38,575.91 in early commerce, whereas the broader Topix index slipped 0.21 p.c, or 5.48 factors, to 2,656.11.
US shares dropped on Thursday, with chipmaker shares extending losses for a second day, and as a bounce in producer costs left traders questioning if the Federal Reserve would possibly wait longer than anticipated to chop rates of interest.
