Friday, March 24, 2023

Sensex, Nifty fall in early trade – Usky News

MUMBAI: Equity markets opened lower on Thursday with the benchmark index Sensex plunging nearly 150 points amid mixed global cues and widespread concerns over the US Federal Reserve’s interest rate trajectory. The 30-share BSE Sensex fell 149.95 points, or 0.25 per cent, to 60,198.14, while broader nse The Nifty fell 29.75 points, or 0.17 per cent, to 17,724.65.
As many as 17 Sensex constituents, including Reliance, TCS and HDFC, were trading in the negative territory.
Asian markets showed mixed trends, with Japan trading higher while China declined.
On Wednesday, US markets were also mixed as US Federal Reserve Chairman Jerome Powell said the central bank was yet to make a decision on the size of a potential interest rate hike later this month, amid strong labor market data and growth. Despite. inflation.
In a pre-market note, Deepak Jasani, head of retail research at HDFC Securities, said Asian equities were muted on Thursday, after a choppy US session saw major benchmarks post modest gains as investors weighed the outlook for interest rates , They said.
On Wednesday, the Sensex closed 123.63 points higher at 60,348.09, while the Nifty closed 42.95 points higher at 17,754.40.
Foreign portfolio investors (FPIs) made a net investment of Rs 3,671.56 crore on Wednesday.


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