BSE Sensex 30 shares fell 435.24 points or 0.72 percent
Major benchmark indices kicked off Wednesday’s session with cuts that followed weak global signals after a US Fed official on Tuesday indicated the central bank will take a more aggressive approach to tightening liquidity.
- Last updated:Apr 06, 2022, 09:22 IST
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Major benchmark indices kicked off Wednesday’s session with cuts that followed weak global signals after a US Fed official on Tuesday indicated the central bank will take a more aggressive approach to tightening liquidity. The Sensex fell 461.44 points or 0.77 percent at 59,715.06 and the Nifty fell 128.60 points or 0.72 percent at 17, 828.80. About 996 shares have moved up, 868 shares have fallen and 122 shares have remained unchanged.
Coal India, Tata Steel, UPL, Bharti Airtel and JSW Steel were among the big winners of the Nifty, while the losers were HDFC Bank, HDFC, Kotak Mahindra Bank, ICICI Bank and Tech Mahindra.
Global clues
US stocks closed lower and bond yields rocketed Tuesday after comments from a Federal Reserve governor fueled expectations on Wall Street that the central bank is willing to raise interest rates more aggressively and take other steps to curb rising inflation. The S&P 500 fell 1.3% after modest early gains. The Dow Jones Industrial Average fell 0.8% and the Nasdaq 2.3%.
Asian stock markets fell on Wednesday as investors faced the possibility of aggressive monetary tightening by the US Federal Reserve to fight inflation, while also focusing on new Western sanctions against Russia over its invasion of Ukraine. In early trading in Asia, Japan’s Nikkei lost 1.5%, while South Korean stocks fell 0.8% and Australian stocks lost 1.2%. Mainland China markets are set to reopen after two holidays.
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