Sensex Today: Benchmark Sensex and Nifty indices opened lower on Friday amid weaker global cues and weak domestic sentiments due to a sharp fall in the rupee.
The benchmark Nifty50 fell over 50 points to trade below the 17,600 level and the S&P BSE Sensex fell over 250 points to trade at 58,867 levels.
Risk appetite in the broader market also eased as the Nifty Smallcap 100 and Nifty Midcap 100 indices fell over 0.2 percent.
All sectors traded on a volatile note. Nifty Media, Nifty Pharma, Nifty Metal indices opened with marginal gains; Nifty Bank, Nifty Realty, Nifty Energy indices fell the most – around 1 percent.
Tata Steel, HUL, Titan, ITC, Sun Pharma tried to par the losses for the benchmark indices. However, Tech Mahindra, HDFC Twins, IndusInd Bank, Axis Bank, NTPC contributed to sharp cuts.
Australian shares hit more than two-month lows on Friday, as investors returning to trading after a one-day holiday pulled out of riskier assets, after the US Federal Reserve reiterated its dovish monetary policy outlook to fight inflation.
Major Wall Street indexes ended lower on Thursday, falling for a third straight session as investors responded to the Federal Reserve’s latest aggressive move to curb inflation by selling growth stocks, including technology companies.
Oil prices rose in early Asian trade on Friday on the prospect that the suspension of the Iran nuclear deal and Moscow’s renewed mobilization against Ukraine would further limit global supplies.
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