ANI
12 May 2022, 13:48 GMT+10
Mumbai (Maharashtra) [India], May 12 (ANI): The Indian stock markets' key indices, Sensex and Nifty, slumped by more than two per cent on Thursday dragged by heavy selling pressure in banking and metal stocks as high US inflation data dampened investors' confidence.
The 30 stock SP BSE Sensex was trading 1089.11 points or 2.01 per cent down at 52,999.28 points at 12.53 pm, against its previous day's close at 54,088.39 points.
Earlier, the Sensex started the trade deep in the red at 53,608.35 points and slumped to a low of 52,957.20 points.
This is the fifth straight session of loss in the benchmark Sensex. The Sensex had lost 276.46 points or 0.51 per cent on Wednesday.
The broader Nifty 50 of the National Stock Exchange dipped 333.15 points or 2.06 per cent to 15,833.95 points against its previous day's close at 16,167.10 points.
The Nifty 50 is trading in the red for the fifth straight day. The Nifty had slumped 72.95 points or 0.45 per cent on Wednesday.
IndusInd Bank tumbled 5.45 per cent to Rs 872.90. Tata Steel dipped 4.57 per cent to Rs 1113. Bajaj Finance fell 4.64 per cent to Rs 5536.75. Bajaj Finserv was trading 3.81 per cent down at Rs 12810.60.
State Bank of India slumped 3.47 per cent to Rs 460.05. HDFC Bank was down 3.07 per cent to Rs 1306.65.
The index heavyweight Reliance Industries was trading 1.80 per cent down at Rs 2405.75.
Only four of the 30 scrips that are part of the Sensex were trading in the positive. HCL Technologies was up 0.79 per cent at Rs 1063.50. TCS, Wipro and Tech Mahindra were trading in the positive. (ANI)Get a daily dose of Kolkata Sun news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Kolkata Sun.
More InformationEVERGLADES, Florida: Over the weekend, a diverse coalition of environmental activists, Native American leaders, and residents gathered...
BEIJING, China: China's national soccer team may struggle to stir excitement, but its humanoid robots are drawing cheers — and not...
]LONDON, U.K.: A World Health Organization (WHO) expert group investigating the origins of the COVID-19 pandemic released its final...
DOVER, Delaware: California Governor Gavin Newsom has taken legal aim at Fox News, accusing the network of deliberately distorting...
FRANKFURT, Germany: Germany has become the latest country to challenge Chinese AI firm DeepSeek over its data practices, as pressure...
TORONTO, Canada: Harvard University and the University of Toronto have created a backup plan to ensure Harvard graduate students continue...
NEW DELHI, India: India has decided not to allow a United Nations (UN) investigator to join the investigation into the recent Air India...
CAPE CANAVERAL, Florida: In a landmark flight for three nations and a veteran U.S. spacefarer, a four-member astronaut crew launched...
New Delhi [India], July 2 (ANI): Union Minister of Communications Jyotiraditya Scindia slammed Congress President Mallikarjun Kharge...
Kolkata (West Bengal) [India] July 2 (ANI): West Bengal Irrigation Minister Manas Ranjan Bhunia has strongly condemned the alleged...
New Delhi [India], July 2 (ANI): The Indian rupee is expected to trade in the range of 85.25-86.25 against the US dollar in the near...
Accra [Ghana], July 2 (ANI): Ahead of Prime Minister Narendra Modi's visit to Ghana, members of the Indian diaspora in the country...