Sensex loses 1,457 points amid global fall; Nifty falls below 15,775

Author: Nishu June 13, 2022  Sensex loses 1,457 points amid global fall;  Nifty falls below 15,775

Equity benchmarks had another tough day on Monday, with Sensex falling 1,457 points and Nifty at 15,774 levels, reflecting a very weak trend in global markets as well as foreign fund outflows.

Index majors ICICI Bank, Infosys and Reliance Industries had to bear the brunt of heavy selling.

The 30-share BSE Sensex closed at 52,846.70, down 1,456.74 points or 2.68%. During the day, it closed 1,776.36 points or 3.27% lower at 52,527.08.

Nifty closed at 15,774.40, down 427.40 points or 2.64%.

Bajaj Finserv, Bajaj Finance, IndusInd Bank, Tech Mahindra, ICICI Bank, TCS, NTPC, Infosys and State Bank of India were among the laggards in the Sensex pack.

On Friday, the BSE benchmark had closed 1,016.84 points or 1.84 per cent lower at 54,303.44. The broader NSE Nifty was down 276.30 points or 1.68% at 16,201.80.

Elsewhere in Asia, markets in Seoul, Tokyo, Hong Kong and Shanghai closed with deep cuts.

European markets were also facing heavy selling pressure in mid-session deals.

Stock exchanges in the United States fell sharply lower on Friday.

Weak global cues ahead of Fed meet painted benchmark indices in a sea of ​​red here as the road awaits CPI data today, when rupee hits a new low. Equities globally after US inflation print Risk-off mode raised fears. Aggressive rate hike…” said S Ranganathan, Head of Research, LKP Securities.

Meanwhile, international oil benchmark Brent crude fell 0.98% to $120.75 a barrel.

Foreign institutional investors (FIIs) remained net sellers in the capital market as they sold shares worth Rs 3,973.95 crore on Friday, according to exchange data.

Author: Nishikant

My name is Nishikant, I work as Sub Editor at

13 June, 2022, 4:27 pm

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Monday, 13th June 2022

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