Sensex Falls 200 Points And Nifty 50 below 17,800

Last Update: February 06, 2023, 09:56 IST

A man looks at a screen on the street displaying Sensex on the façade of the Bombay Stock Exchange (BSE) building in Mumbai.  (File photo/Reuters)

A man looks at a screen on the street displaying Sensex on the façade of the Bombay Stock Exchange (BSE) building in Mumbai. (File photo/Reuters)

Meanwhile, Asian shares declined on Monday after upbeat economic data from the United States eased recession risks globally.

sensex todayIndian stock markets made a negative start on Monday with the Sensex falling over 200 points. smelly 50 below 17,800 in early trade.

In early trade, the Sensex fell 203.71 points to 60,638.17. The Nifty closed at 17,790, down 64.05 points.

The rupee depreciated 35 paise to 82.43 against the US dollar in today’s early trade.

Sensex and Nifty gained over 1 per cent each on Friday due to heavy buying in banking and financial counters amid a mixed trend in global markets last week.

The 30-share BSE benchmark Sensex advanced 909.64 points, or 1.52 per cent, to close at 60,841.88. During the day, it rose 973.1 points, or 1.62 percent, to 60,905.34.

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Foreign institutional investors (FIIs) again sold shares on Thursday after a day’s respite. They sold shares worth Rs 3,065.35 crore, according to exchange data.

Meanwhile, Asian shares edged lower on Monday after upbeat economic data from the United States eased recession risks globally but also suggested interest rates would rise further and stay longer. , mews agency reuters informed of.

The dollar extended its rally on the yen to a three-week top of 132.60 on Monday amid reports the Japanese government offered the job of central bank governor to current deputy Masayoshi Amamiya.

In equity markets, MSCI’s broadest index of Asia-Pacific shares outside Japan fell 1.5%, with South Korea down 0.6%. Chinese blue chips fell 1.0%.

Japan’s Nikkei added 1.1%, encouraged by hopes that the BOJ will keep policy easy.

S&P 500 futures and Nasdaq futures declined 0.2% as a stellar January payrolls report forced investors to price in the risk of more hikes from the Federal Reserve, and the prospect of a cut later in the year waned.

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