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Sensex Falls 114 Points In Morning Trade Amid Weak Trends In Global Markets

Sensex Falls 114 Points In Morning Trade Amid Weak Trends In Global Markets


Business

oi-Renu Baliyan

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Equity benchmark indices declined in early trade on May 25 amid weak trends prevailing in global markets amid lack of any breakthrough in the US debt ceiling talks.

However, later both indices Sensex and Nifty turned volatile and were oscillating between highs and lows.

Sensex Falls 114 Points In Morning Trade Amid Weak Trends In Global Markets

The 30-share BSE Sensex witnessed 114.17 points decline to 61,665.42 till 11:09 am after starting the day on a weak note. Meanwhile, NSE Nifty tumbled 36.05 points to 18,249.35 at 11:10 am on Thursday.

From the Sensex pack,Tata Motors, State Bank of India, Mahindra & Mahindra, HCL Technologies, Wipro, IndusInd Bank, HDFC, Infosys, Tata Steel, Axis Bank, Tata Consultancy Services and Reliance Industries were the major laggards, according to a PTI report.

ITC, Nestle, Kotak Mahindra Bank, Bharti Airtel, Power Grid and Larsen & Toubro were among the gainers.

In Asian markets, Seoul, Shanghai and Hong Kong quoted lower, while Tokyo traded in the green. The US market ended lower on Wednesday, added the PTI report.

“The uncertain stance of the Fed and ongoing talks about the US debt ceiling are casting a shadow of volatility in the markets,” said Prashanth Tapse – Research Analyst, Senior VP (Research), Mehta Equities Ltd, PTI reported.

The Sensex fell 208.01 points or 0.34 per cent to settle at 61,773.78 on Wednesday. The Nifty declined 62.60 points or 0.34 per cent to end at 18,285.40.
“The important factor weighing down the markets in the near-term is the lack of breakthrough in the US debt ceiling impasse,” said V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

  • Sensex Falls For 2 Days In A Row Now, Rupee Declines 10 Paise
  • Sensex Rallies Over 700 Points In Morning Trade As Asian Shares Soar
  • Sensex Climbs Over 460 Points To Reclaim 61,000 Mark
  • BSE Sensex, NSE Nifty Open In Green As Asian Stocks Rally
  • Sensex, Nifty Open With Marginal Gain In Morning Trade
  • BSE Sensex, Nifty Open Lower Ahead Of Key RBI MPC Announcement
  • BSE Sensex Rallies 231 Points In Morning Trade, Rupee Strengthened
  • BSE Sensex Soars Over 1000 points On Firm Global Cues
  • Sensex, Nifty Rally In Morning Trade Ahead Of Monthly Derivatives Expiry
  • Sensex Gains 245 Points In Morning Trade Amid Mixed Global Cues, Rupee Rises
  • Sensex Zooms Over 1000 Points In Afternoon Trade, Adani Group Stocks Rally
  • Sensex Zooms Over 1100 Points, Big Cheer To Budget 2023 Announcements

Story first published: Thursday, May 25, 2023, 11:14 [IST]


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