Stock Market Updates: Sensex Down 100 pts, Nifty Below 17,800; IndusInd Bank Sheds 3%

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Stock Market Updates: Sensex Down 100 pts, Nifty Below 17,800; IndusInd Bank Sheds 3%


Last Updated: April 13, 2023, 09:31 IST

Stock market stay: Equity markets began on a tepid be aware on Thursday monitoring weak spot throughout their international friends after the FOMC minutes confirmed that officers count on a gentle recession within the US later this 12 months on account of a fallout of the banking disaster.

The Sensex was down 94.11 factors or 0.16 per cent at 60,298.66, and the Nifty was down 22.90 factors or 0.13 per cent at 17,789.50. About 1223 shares superior, 673 shares declined, and 88 shares unchanged.

IndusInd Bank, Tech Mahindra, Infosys, HCL Tech and TCS had been amongst main losers on the Nifty, whereas gainers had been M&M, ONGC, Eicher Motors, Apollo Hospitals and HDFC Life.

The broader markets, in the meantime, outperformed the benchmarks. The BSE MidCap and SmallCap indices rose as much as 0.23 per cent.

Sectorally, IT index dropped over 1 per cent as weak outcomes of TCS dampened general sentiment within the pack. Other indices held nominal features.

Global Cues

Overnight within the US, the Dow and S&P500 declined 0.11 per cent and 0.4 per cent, respectively, whereas the Nasdaq fell 0.85 per cent.

Asian indices edged decrease in early commerce this morning with Hang Seng dropping 2 per cent. Nikkei, S&P/ASX 200, and Straits occasions additionally fell as much as 0.3 per cent.

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