Sensex loses 375 points in early trade amid weak global markets

Author: Nishu June 14, 2022

Sensex loses 375 points in early trade amid weak global markets

Stock exchanges in the US closed down sharply on Monday

Stock exchanges in the US closed down sharply on Monday

Equity benchmarks fell for the third day running on Tuesday, with the Sensex falling 375 points in early trade, tracking weak global markets as investors remained cautious ahead of the outcome of the Federal Reserve meeting.

Foreign fund outflows continued unabated on the domestic equity markets.

The BSE 30-share benchmark was trading 374.72 points lower at 52,471.98. Nifty fell 100.15 points to 15,674.25.

From the Sensex pack, Asian Paints, Tech Mahindra, IndusInd Bank, HDFC Bank, Titan and HDFC were the major laggards in early trade.

On the other hand, Bharti Airtel, Power Grid, NTPC, M&M and Bajaj Finserv were among the gainers.

Elsewhere in Asia, markets in Seoul, Tokyo, Hong Kong and Shanghai were trading lower in mid-session deals.

Stock exchanges in the US closed with a sharp fall on Monday.

The 30-share BSE Sensex on Monday closed at 52,846.70, down 1,456.74 points or 2.68%. Nifty closed at 15,774.40, down 427.40 points or 2.64%.

“The Fed is due to announce its next policy on Wednesday and investors will be highly focused on any clues as to how aggressive the central bank is in raising rates,” said Mohit Nigam, PMS head, Hem Securities.

Meanwhile, international oil benchmark Brent crude fell 0.02% to $122.24 a barrel.

Foreign institutional investors (FIIs) remained net sellers in the capital market as they sold shares worth Rs 4,164.01 crore on Monday, according to exchange data.

14 June, 2022, 10:10 am

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Tuesday, 14th June 2022

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