SME Times is powered by   
Search News
Just in:   • Goyal urges textile industry to focus on speed, skill and scale  • Goyal reviews the Amended Technology Up-gradation fund Scheme  • Stage set for pvt investment cycle  • Service rendered by govt, not its agency, only exempt from GST  • Cochin Airport ventures into hydropower production 
Last updated: 22 Sep, 2021  

BSE.9.Thmb.jpg Global cues, volatility pull equity indices down, banking stocks slip

   Top Stories
» Goyal urges textile industry to focus on speed, skill and scale
» Goyal reviews the Amended Technology Up-gradation fund Scheme
» Stage set for pvt investment cycle
» PM interacts with domestic vaccine manufacturers
» Goyal calls for free trade within rules-based multilateral trading system
SME Times News Bureau | 22 Sep, 2021
Heavy volatility due to global cues pulled India's key stock indices lower on Wednesday.

Both key indices - S&P BSE Sensex and NSE Nifty50 -- faced volatility on the back of US Federal Reserve meeting outcome.

Besides, volatility also flared after China's central bank boosted liquidity and investors mulled a vaguely-worded statement from Evergrande about an interest payment.

Globally, Asian stock markets traded in mixed territory as FOMC and Evergrande continued to reverberate, albeit on a lesser note.

However, European stocks traded higher on Wednesday.

Sector wise, realty, metal, and auto indices rose the most whereas banking, utilities and FMCG lost the most.

The S&P BSE Sensex closed the day's trade at 58,927.33 points, lower by 77.94 points, or 0.13 per cent, from its previous close.

Similarly, NSE Nifty50 fell to 17,546.65 points, lower by 15.35 points, or 0.087 per cent, from its previous close.

"Nifty could not build on to gains of the previous day although the concerns around Evergrande have subsided," HDFC Securities' Head of Retail Research, Deepak Jasani, said.

"17,623 on the upside is a crucial level over which momentum could pick up. 17,444 is the support for the Nifty."

Motilal Oswal Financial Services' Head of Retail Research Siddhartha Khemka said: "Going ahead, market might continue with its consolidation for sometime led by fragile global cues."

"Tomorrow, investors would react to the US Fed MPC outcome while they would await ECB outcome tomorrow. Expectation of continuation of dovish stance by both central banks are running high."
Print the Page
Add to Favorite
Share this on :

Please comment on this story:
Subject :
(Maximum 1500 characters)  Characters left 1500
Your name:

  Customs Exchange Rates
Currency Import Export
US Dollar
UK Pound
Japanese Yen 58.85 56.85
As on 25 Oct, 2021
  Daily Poll
COVID-19 has directly affected your business
 Can't say
  Commented Stories
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter