Stock Market Updates: Sensex Down 350 Points, Nifty Below 22K; TCS Sheds 3%, Paytm Up 3% – News18

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Stock Market Updates: Sensex Down 350 Points, Nifty Below 22K; TCS Sheds 3%, Paytm Up 3% – News18


Last Updated: March 19, 2024, 09:28 IST

Equity benchmark indices began Tuesday’s buying and selling session on a tepid notice amid blended cues from the worldwide friends, as merchants awaited cues from the upcoming US Federal Reserve assembly later tomorrow.

The S&P BSE Sensex opened 285 factors decrease at 72,463. The NSE Nifty 50 was seen quoting round 21,950 ranges.

TCS slipped 2 per cent to Rs 4,055 amid experiences that Tata Sons was to divest a 0.65 per cent stake (23.4 million shares) through block deal at a flooring value of Rs 4,001 per share right this moment.

HDFC Bank, Power Grid, NTPC and Hindustan Unilever had been the opposite notable losers. On the opposite hand, HCL Technologies and Sun Pharma gained round 0.5 per cent every.

The broader indices, nevertheless, began the day on a optimistic notice. The BSE MidCap inded superior 0.2 per cent, whereas the SmallCap added 0.3 per cent.

Global cues

In Asia this morning, Nikkei and Hang Seng slipped 0.7 per cent every. Kospi declined 1.3 per cent, whle Shanghai, Straits Times and Taiwan had been marginally in pink.

Overnight within the US, the S&P 500 and Nasdaq gained as much as 0.8 per cent forward of the US Fed meet later this week, the place the central financial institution is anticipated to maintain charges regular and supply cues on its financial coverage trajectory. Dow Jones added 0.2 per cent.

The US 10-12 months treasury bond yield quoted round 4.33 per cent within the run-as much as the US Fed meet. Brent Crude Oil futures hovered round $87 per barrel.



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