ANI
21 Nov 2022, 10:48 GMT+10
New Delhi [India], November 21 (ANI): Indian stock indices extended their slump for the third consecutive session to start a fresh week. Continued profit booking by investors coupled with an eye on the future course of monetary policy action by the US Federal Reserve weighed on the indices.
At the time of writing this report, Sensex traded at 61,172.36 points, down 491.12 points or 0.80 per cent, whereas Nifty traded at 18,160.45 points, down 147.20 points or 0.80 per cent.
Among the Nifty 50 stocks, Adani Enterprises, SBI Life, Adani Ports, Bajaj Finance, and ITC were the top five losers, whereas Britannia, BPCL, ONGC, Axis Bank, and Hindustan Unilever the top gainers, National Stock Exchange data showed.
In line with stock indices, the Indian rupee too weakened this morning. It opened at 81.85 per US dollar as against its Friday closing of 81.69.
The rupee has relatively strengthened in most of the recent sessions against the global benchmark dollar as the US dollar index has weakened substantially. The latest weakening of the US dollar is a positive for other currencies.
In October, the rupee, however, breached the 83 mark for the first time in its history.
According to VK Vijayakumar, Chief Investment Strategist at brokerage Geojit Financial Services: "The optimism driven by the recent decline in US inflation has run its course and the market is likely to wait for further data on the direction of US inflation and interest rates.""So, this is the time to play defensively rather than taking risky shots at the goal. Cautious defensive games can be a good short-term strategy," Vijayakumar added.
Deepak Jasani, Head of Retail Research at HDFC Securities said Asian share markets turned hesitant on Monday as investors fretted about the economic fallout from fresh Covid-19 restrictions in parts of China. (ANI)Get a daily dose of Cardiff Star 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 Cardiff Star.
More InformationLONDON, U.K.: At least 13 people are believed to have taken their own lives as a result of the U.K.'s Post Office scandal, in which...
NEW YORK CITY, New York: Former British prime minister Rishi Sunak will return to Goldman Sachs in an advisory role, the Wall Street...
Adelaide [Australia], July 14 (ANI): India has made its debut in Australia's largest bilateral military exercise, Exercise Talisman...
(250714) -- CHAMONIX, July 14, 2025 (Xinhua) -- Annie Sanders of the United States competes during the women's lead final of sport...
New Delhi [India], July 14 (ANI): India must stay firm and avoid trading away its core sectors, especially agriculture, despite increasing...
Washington, DC [US], July 14 (ANI): US President Donald Trump is set to make a historic second state visit to the UK, likely in September,...
LONDON, U.K.: American consumers and businesses could soon face the highest overall tariff burden in more than a century, according...
The family of Sayfollah Saif Musallet, a 20-year-old American citizen who was beaten to death by Israeli settlers in the occupied West...
CONCORD, New Hampshire: A federal judge in New Hampshire issued a crucial ruling on July 10 against President Donald Trump's executive...
DUBAI, U.A.E.: A cargo ship flagged under Liberia, known as the Eternity C, sank in the Red Sea following an attack executed by Yemen's...
WASHINGTON, D.C.: The Trump administration has started sending some weapons to Ukraine again, just a week after the Pentagon told officials...
ECAULT BEACH, France: On clear days, the white cliffs of the United Kingdom, are visible from northern France, where men, women, and...