Stock indices in India fell for the second consecutive session tracking weak cues from the overnight US markets. Also, the US central bank signalling that further hikes in interest rates may be needed to bring inflation to comfortable levels also hurt the market sentiment.
Bulls dominated the Indian stock markets on the very first session of the year 2023 as the benchmark indices - Sensex and Nifty - closed on a positive note.
At the time of writing this report, Sensex traded at 62,516.75 points, down 351.75 points or 0.56 per cent, whereas Nifty traded at 18,600.80 points, down 95.30 points or 0.51 per cent. Rupee opened at 81.23 against the US dollar. On Friday, it closed at 81.32.
The robust inflows of foreign funds, relative strength of the Rupee, and hint by the US Fed on slowing down on policy rates supported Indian stock markets.
New Delhi [India], October 17 (ANI): Indian stock indices fell marginally in early trade on Monday tracking weak cues from US markets, which apparently declined due to persistently high inflation in the country and the subsequent monetary policy tightening.
New Delhi [India], July 26 (ANI): The latest bull run in Indian stock markets seemed to have ended as they declined for the second consecutive session on Tuesday. At 9.37 a.m., Sensex traded at 55,433.86 points, down 332.36 points or 0.60 per cent, whereas Nifty traded at 16,537.80 points, d