Stock Market Update: Panic in the market, heavy fall in Sensex, Nifty
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Rising geopolitical tensions between Russia and the US over the Ukraine war weighed on sentiment. The domestic stock market has also not remained untouched by this. Sensex slipped 927.74 points, ie 1.53 percent, to close at the level of 59,744.98. While the Nifty fell 272.40 points, ie 1.53 percent, to close at the level of 17,554.30.
Worries over aggressive central bank action amid stable global inflation and resilient economic activity rattled investors today. In addition, rising geopolitical tensions between Russia and the US over the Ukraine war weighed on sentiment. The domestic stock market has also not remained untouched by this. Sensex slipped 927.74 points, ie 1.53 percent, to close at the level of 59,744.98. While the Nifty fell 272.40 points, ie 1.53 percent, to close at the level of 17,554.30. There has been a decline in the US markets. Markets are on alert on the possibility of another rate hike by the US Fed. In this decline of the market, investors have suffered a setback of 4 lakh crores.
Top gainers of NIFTY
ITC shares gained 0.50 per cent on the NSE Nifty, while BAJAJ-AUTO gained 0.26 per cent.
There was a break in these stocks on NIFTY
ADANIENT fell 11.05 per cent, ADANIPORTS 7.24 per cent, GRASIM 3.44 per cent, BAJFINANCE 2.94 per cent and JSWSTEEL 2.79 per cent on the NSE Nifty.
Indian rupee gains
At the interbank foreign exchange market, the Indian rupee closed marginally higher by 0.04 paise at 82.85 against the US dollar as against its previous close of 82.80.
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