Finance
Today’s Stock Market News | Sensex, Nifty, and Share Prices Highlights: On Thursday, Indian equity indices remained under pressure in the second half, with all sectoral indices trading in the red. The BSE Sensex fell over 800 points to 61,799, while the NSE Nifty 50 fell 1.14% to 18,414. Following a new record high on Wednesday, Nifty Bank fell more than 500 points to 43,498 due to profit taking. The drop comes as US Federal Reserve Chairman Jerome Powell signaled that rate hikes would continue to combat inflation. The broader markets and sectoral indices also lost ground, with the Nifty IT falling more than 2%. Rising covid cases in China also influenced market sentiment, as the strict lockdown will harm global markets.The rising fear of the global economy slipping into recession may have forced investors to cash out.
Nifty top gainers, losers
Britannia Industries, Hero MotoCorp, NTPC, SBI Life and Sun Pharma were the day’s top gainers while TechM, Titan, Infosys, Grasim and Eicher Motors were Nifty 50’s top losers.
Source:FE
