BENGALURU: Indian stocks tumbled early Thursday, dragged by losses across the board as global sentiment soured and concerns of higher inflation and bearish risks drove investors away from riskier assets.
NSE nifty 50 index was down 0.23% at 16,485.65 by 0353 GMT, while the S&P BSE Sensex was down 0.12% at 55,315.87.
In the previous session, both the indices swung between gains and losses for most of the day and closed marginally lower on losses in pharma and technology stocks.
Automakers Hero MotoCorp and Oil and Natural Gas Corporation fell 2.6% and 1.9%, respectively, on Thursday, and were top percentage losers on the Nifty 50 index.
Index heavyweights gain 1% Tata Consultancy Services And Reliance Industries Limited loss on Nifty 50
Reliance Group on Wednesday said that its retail unit Reliance Brands and Italian plastic Wood Spa Signed a joint venture deal to buy 40% stake in the toy manufacturing business of Plastics Legno SpA in India.
Meanwhile, MSCI’s broadest index of Asia-Pacific shares outside Japan was down 1% in morning trade amid inflation and bearish concerns.
NSE nifty 50 index was down 0.23% at 16,485.65 by 0353 GMT, while the S&P BSE Sensex was down 0.12% at 55,315.87.
In the previous session, both the indices swung between gains and losses for most of the day and closed marginally lower on losses in pharma and technology stocks.
Automakers Hero MotoCorp and Oil and Natural Gas Corporation fell 2.6% and 1.9%, respectively, on Thursday, and were top percentage losers on the Nifty 50 index.
Index heavyweights gain 1% Tata Consultancy Services And Reliance Industries Limited loss on Nifty 50
Reliance Group on Wednesday said that its retail unit Reliance Brands and Italian plastic Wood Spa Signed a joint venture deal to buy 40% stake in the toy manufacturing business of Plastics Legno SpA in India.
Meanwhile, MSCI’s broadest index of Asia-Pacific shares outside Japan was down 1% in morning trade amid inflation and bearish concerns.