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Stock Market Highlights: Sensex ends 483 pts lower, Nifty gives up 17,700; Nifty IT falls over 1% ahead of TCS results
KV Prasad Jun 13, 2022, 06:35 AM IST (Published)
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Summary
Stock Market Highlights: Indian equity benchmarks BSE Sensex and NSE Nifty50 started the week in the red tracking weakness across global markets amid persistent geopolitical tensions and concerns about aggressive rate hikes. Losses in financial and IT shares pulled the headline indices lower, though gains in oil & gas and select metal shares lent some support. Broader markets finished the day on a mixed note, with the Nifty Midcap 100 rising 0.6 percent but its smallcap counterpart slipping 0.1 percent. Analysts awaited the onset of the corporate earnings season with Tata Consultancy Services (TCS) due to report its financial results for the March quarter later in the day.
Stock Market Highlights: Indian equity benchmarks BSE Sensex and NSE Nifty50 started the week in the red tracking weakness across global markets amid persistent geopolitical tensions and concerns about aggressive rate hikes. Losses in financial and IT shares pulled the headline indices lower, though gains in oil & gas and select metal shares lent some support. Broader markets finished the day on a mixed note, with the Nifty Midcap 100 rising 0.6 percent but its smallcap counterpart slipping 0.1 percent. Analysts awaited the onset of the corporate earnings season with Tata Consultancy Services (TCS) due to report its financial results for the March quarter later in the day.
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