|
|
|
Equity indices settle in red, Tata Steel among top losers
|
|
|
|
Top Stories |
|
|
|
|
SME Times News Bureau | 30 Nov, 2021
Continuous sell-off by foreign investors along with fears of the new
Covid variant -- Omicron -- dragged India's key equity indices --
S&P BSE Sensex and NSE Nifty50 -- into the red on Tuesday.
Notably, the indices opened the session on a positive note.
The barometer 30-scrip Sensex closed at 57,064 points, down by 195 points or 0.34 per cent from its previous close.
Similarly,
the broader 50-scrip Nifty closed the day at 16,983 points, down by 71
points or 0.4 per cent from its previous close.
In terms of
stocks, shares of Tata Steel, Kotak Mahindra Bank, JSW Steel, Adani
Ports and Bajaj Auto were the top losers during the session, NSE data
showed.
As per NSE, stocks of these companies closed 4.01 cent,
3.10 per cent, 2.69 per cent, 2.65 per cent and 2.07 per cent down,
respectively.
On the contrary, stocks such as Power Grid, Shree
Cement, Bajaj Finserv, Titan and Tata Consumers were the top gainers
during the session, data showed.
"On a daily chart, the index has
formed a bearish candle which suggests weakness for the next trading
sessions," said Palak Kothari, Research Associate at Choice Broking.
According
to Siddhartha Khemka, Head - Retail Research at Motilal Oswal Financial
Services: "Global markets remained weak over concerns about the
effectiveness of current vaccines against this new Omicron variant.
Sentiments got charred following Moderna's statement that existing
Covid-19 vaccines would struggle to cope with the omicron variant,
predicting a 'material drop' in their effectiveness."
"Going
ahead, we expect the market to witness higher volatility in the near
term given the uncertainty around the new Omicron variant. As the
clarity would emerge over the next few weeks with regard to its
transmission, impact on hospitalization, mortality, etc, the market
direction would be decided in due course."
Besides, shares of Go
Fashion made its debut on the exchanges with a premium of 90 per cent at
Rs 1,316 on Tuesday. The company's share was issued at Rs 690 per
share.
|
|
|
|
|
|
|
|
|
|
|
|
|
Customs Exchange Rates |
Currency |
Import |
Export |
US Dollar
|
66.20
|
64.50 |
UK Pound
|
87.50
|
84.65 |
Euro
|
78.25
|
75.65 |
Japanese
Yen |
58.85 |
56.85 |
As on 13 Aug, 2022 |
|
|
Daily Poll |
|
|
PM Modi's recent US visit to redefine India-US bilateral relations |
|
|
|
|
|
Commented Stories |
|
|
|
|
|
|
|
|