New Delhi: equity investor It became poorer by over Rs 5.47 lakh crore in early trade on Monday amid a very weak trend in the broader market. Sensex A drop of over 1,500 points. The 30-share BSE benchmark ended 1,568.46 points lower at 52,734.98 in early trade. Comprehensive NSE nifty It closed at 15,749.90, down 451.9 points.
Market capitalization of BSE-listed companies declined by Rs 5,47,410.81 crore to Rs 2,46,36,948.05 crore in morning trade, in line with a weak trend in equities.
Equity markets across the world are witnessing a sell-off as the Nifty Open Gap Down as US May inflation figures hit a four-decade high, prompting an aggressive call by the US Fed at the upcoming monetary policy meeting to be held this Wednesday. expressed concern about the rate hike.
Hemang Jani, Head Equity Strategy, Motilal Oswal Financial Services, said, “Domestic, India’s inflation data is due on Monday, which may see panic in the market.
Bajaj Finserv, Bajaj Finance, ICICI Bank, IndusInd Bank, Kotak Mahindra Bank and HDFC were among the major laggards from the Sensex pack.
Elsewhere in Asia, markets in Seoul, Tokyo, Hong Kong and Shanghai were trading with deep cuts.
Stock exchanges in the US closed with a sharp fall on Friday.
Foreign institutional investors (FIIs) remained net sellers in the capital market as they sold shares worth Rs 3,973.95 crore on Friday, according to exchange data.
Market capitalization of BSE-listed companies declined by Rs 5,47,410.81 crore to Rs 2,46,36,948.05 crore in morning trade, in line with a weak trend in equities.
Equity markets across the world are witnessing a sell-off as the Nifty Open Gap Down as US May inflation figures hit a four-decade high, prompting an aggressive call by the US Fed at the upcoming monetary policy meeting to be held this Wednesday. expressed concern about the rate hike.
Hemang Jani, Head Equity Strategy, Motilal Oswal Financial Services, said, “Domestic, India’s inflation data is due on Monday, which may see panic in the market.
Bajaj Finserv, Bajaj Finance, ICICI Bank, IndusInd Bank, Kotak Mahindra Bank and HDFC were among the major laggards from the Sensex pack.
Elsewhere in Asia, markets in Seoul, Tokyo, Hong Kong and Shanghai were trading with deep cuts.
Stock exchanges in the US closed with a sharp fall on Friday.
Foreign institutional investors (FIIs) remained net sellers in the capital market as they sold shares worth Rs 3,973.95 crore on Friday, according to exchange data.