ANI
28 Jun 2022, 10:25 GMT+10
New Delhi [India], June 28 (ANI) After three consecutive sessions of rally, domestic equity indices declined in the opening deal on Tuesday on weak overnight cues from the US markets.
Notably, the domestic indices declined during the majority of the sessions so far in June.
Major stock indices in the US posted their biggest declines in more than a week on Monday, said Deepak Jasani, Head of Retail Research of HDFC securities.
Also, concerns of consistent fund outflows from India by foreign portfolio investors as well as rising global crude oil prices weighed on the investors' sentiment.
Besides the Indian indices, other major Asian shares too declined in early trade on Tuesday with investors taking their cues from a volatile overnight session in the US.
At 9:33 am, Sensex was at 52,850.41 points, down 310.87 points or 0.58 per cent, whereas Nifty was at15,730.50 points, down 101.55 points or 0.64 per cent.
Among the individual stocks, Asian Paints, Titan, Adani Ports, Bajaj Auto, and Bajaj Finserv were the top five losers among the Nifty 50 companies, while ONGC, Mahindra and Mahindra, BPCL, Reliance Industries, and ITC were the top five gainers, National Stock Exchange data showed.
Besides other factors, consistent weakness in the Indian currency rupee too has a negative bearing on the financial markets.
"The sentiments have taken a hit amid deteriorating global growth prospects and as the central banks look to act aggressively in their battle against inflationary forces," said Sugandha Sachdeva, Vice President - Commodity and Currency Research, Religare Broking. (ANI)Get a daily dose of Tennis Times 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 Tennis Times.
More Information(Photo credit: Lon Horwedel-Imagn Images) The Detroit Pistons saw their longest winning streak in 17 years end on Friday night. They...
(Photo credit: Geoff Burke-Imagn Images) The St. Louis Blues are finally seeing a payoff for their progress made since Jim Montgomery...
(Photo credit: Winslow Townson-Imagn Images) Donovan Mitchell scored 41 points, including 26 in the second half, as the visiting...
(250301) -- ACAPULCO, March 1, 2025 (Xinhua) -- Nakashima Brandon of the United States hits a return during the singles semifinal match...
(Photo credit: Kevin Jairaj-Imagn Images) The Washington Wizards and Charlotte Hornets meet Saturday bearing the load of disappointing...
New Delhi [India], March 1 (ANI): Elevating the spirit of sports in the national capital, Indian sport shooter Deepak Kumar and TV...
DUBLIN, Ireland: Dublin has unveiled a new 5.5 million euro cycle track along the south quays, enhancing safety and accessibility for...
DUBAI, UAE - Fuelre4m has announced a new partnership with one of the UAE's largest yacht operators aimed at improving fuel efficiency...
CAIRO — Observant Muslims the world over will soon be united in a ritual of daily fasting from dawn to sunset as the Islamic holy...
BEIJING, March 1 (Xinhua) -- A selection of the best press photos from Xinhua. A drone photo taken on Feb. 27, 2025 shows the construction...
BEIJING, March 1 (Xinhua) -- In a significant move to open its telecommunication sector further, China has approved 13 foreign-invested...
(Photo credit: Jeff Romance / USA TODAY NETWORK via Imagn Images) Jake Knapp followed his opening-round 59 with a far more modest,...