Indian benchmark indices ended lower on Monday tracking Asian peers, dragged by banking stocks as fears of a recession in the United States intensified. The S&P BSE Sensex settled at 37,808, down 355 points, while the broader NSE Nifty50 Cash ended at 11,354, falling 102 points. Nifty slipped nearly 1 percent in its biggest daily loss since January 28. Zee, Vedanta, Bharti Infratel, JSW Steel, and Tata Motors were the worst performers on Nifty50, while, ONGC, IOC, Coal India, HPCL, and PowerGrid gained the most on the index.
Sensex cracks 355 points, Nifty holds 11,350; Jet Airways surges 15% on reports
Indian benchmark indices fell on Monday tracking Asian peers, dragged by banking stocks as fears of a recession in the United States intensified. The S&P BSE Sensex settled at 37,808, down 355 points, while the broader NSE Nifty50 ended at 11,354, falling 102 points. Nifty slipped nearly 1 percent in its biggest daily loss since January 28. Meanwhile, in the broader markets, Nifty MidCap slipped 0.7 percent and the Nifty Smallcap declined 1.5 percent.
Zee, Vedanta, Bharti Infratel, JSW Steel, and Tata Motors were the worst performers on Nifty50, while, ONGC, IOC, Coal India, HPCL, and PowerGrid gained the most on the index. Nifty Bank slipped for a second straight session, falling nearly 1 percent, with ICICI Bank, Kotak Bank and Federal Bank slipping up to 2 percent. Oil marketing companies snapped three sessions of losses as crude oil prices fell with IOC rising nearly 5 percent and HPCL and BPCL adding 2.4 and 1.4 percent, respectively. Jet Airways surged 15 percent post reports of Naresh Goyal & Anita Goyal stepping down from the board.
Closing Bell
Indian benchmark indices fell on Monday tracking Asian peers, dragged by banking stocks as fears of a recession in the United States intensified. The S&P BSE Sensex settled at 37,808, down 355 points, while the broader NSE Nifty50 ended at 11,354, falling 102 points. Nifty slipped nearly 1 percent in its biggest daily loss since January 28. Meanwhile, in the broader markets, Nifty MidCap slipped 0.7 percent and the Nifty Smallcap declined 1.5 percent.
Zee, Vedanta, Bharti Infratel, JSW Steel, and Tata Motors were the worst performers on Nifty50, while, ONGC, IOC, Coal India, HPCL, and PowerGrid gained the most on the index. Nifty Bank slipped for a second straight session, falling nearly 1 percent, with ICICI Bank, Kotak Bank and Federal Bank slipping up to 2 percent. Oil marketing companies snapped three sessions of losses as crude oil prices fell with IOC rising nearly 5 percent and HPCL and BPCL adding 2.4 and 1.4 percent, respectively. Jet Airways surged 15 percent post reports of Naresh Goyal & Anita Goyal stepping down from the board.
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