Download Unicorn Signals App

Powered By EquityPandit
STOCK MARKET

Global Growth Fears, Sensex 250 Points Lower; Nifty Below 18,100

Picture Source: Internet

The BSE Sensex was swapping 266 points or 0.44% lower at 60,780, whereas Nifty50 was trading at 18,084, dejected 81 points or 0.44%.


Among Sensex stocks, Titan, UltraTech Cement, Bharti Airtel, Tata Motors and Kotak Bank were the upper dawdlers, dropping about 0.5-1%. Infosys, HUL, Tech Mahindra, L&T and Wipro were also unbolted with cuts. However, Axis Bank, Asian Paints, NTPC, Power Grid, IndusInd and ITC unlocked with advantages.

The Nifty Metal index cut down 0.81%, and Nifty IT weakened by 0.46%. Nifty Bank and Nifty Financial Services also opened inferior. While in the broader market, Nifty Smallcap50 released 0.27%, and Nifty Midcap50 fell 0.18%.

The S&P 500 and the Dow vanished nearly 2% on Wednesday, their biggest daily drips in more than a month after feeble economic data fuelled slump worries. At the same time, hawkish remarks from Federal Reserve officials curdled investor moods further. MSCI’s broadest index of Asia-Pacific shares outside Japan lowers by 0.8%. Japan’s Nikkei also released over 1%.

The Indian rupee chopped by 0.17% to 81.38 in contrast to the US dollar in early trade. The dollar index, which roads the movement of the greenback contrary to a basket of six central world money, weakened 0.01% to 102.35 level. Oil prices clear-cuts on Thursday, Brent crude futures were down 1.2%, at $83.97 a barrel, while US West Texas Intermediate (WTI) crude futures failed 1.4%, to $78.69 a barrel.

Get Daily Prediction & Stocks Tips On Your Mobile