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Tuesday, September 27, 2022

Sensex Drops 601 Points, Nifty Drops 145 Points Amid Global Sale

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Equity benchmarks started trading weakly on Tuesday amid a sell-off in global equity markets, but later traded with high volatility.



The 30 shares of BSE Sensex fell 601.39 points to 58,172.48 in early trading. The wider NSE useful fell 145.5 points to 17,345.20.

Later, both benchmark indices became volatile, fluctuating between gains and losses. The Sensex was up 88.72 points at 58,862.59, while the Nifty climbed 33.50 points to 17,524.20 after initial decline.

From the Sensex package, Infosys, Tech Mahindra, HCL Technologies, wiproTata Consultancy Services, IndusInd Bank, Dr. Reddy’s Lab and HDFC Bank were the big laggards in early trade.

On the other hand, Mahindra & Mahindra, Bajaj Finserv, Tata Steel and UltraTech Cement traded higher.

In Asiathe markets in Seoul, Tokyo and Hong Kong were trading lower, while Shanghai was trading in green mid-sessions.

Wall Street ended sharply lower on Monday.

The BSE The benchmark was down 872.28 points or 1.46 percent to settle at 58,773.87 Monday. The Nifty fell 267.75 points or 1.51 percent to end at 17,490.70.

Meanwhile, the international oil benchmark Brent oil traded 0.79 percent higher at $97.22 a barrel.

Foreign institutional investors (FIIs) unloaded shares worth Rs 453.77 crore on Monday, according to exchange data.

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