- US consumer sentiment near 11-year low; import prices unchanged in April
- Markets come under fag-end selling pressure; Sensex falls 137 points
- Wipro, Nestle, SAIL among 300-plus stocks to hit 52-week lows this month
- World m-cap drops below $100 trn as Fed cuts rates, war continues
- LIC issue price fixed at Rs 949 a share; policyholders get discount
- Poonawalla Fincorp surges 20% post March quarter results
- Greaves Cotton zooms 11% as company's E-Mobility biz turns profitable in Q4
- SBI Q4 result: Profit rises 41% to Rs 9,113 cr; Rs 7.10-dividend announced
- Coforge, Mindtree: Tech charts show short-term rebound in mid-cap IT stocks
- Tata Motors: Investors cheer long-term growth outlook despite muted Q4
Investors lose Rs 1.2 trillion as Sensex drops 587 pts amid global sell-off
Sectorally, the Nifty Bank index declined over 2 per cent, led by losses in HDFC Bank (down over 3 per cent)
Topics
MARKET LIVE | MARKET WRAP | Markets
SI Reporter |
Last Updated at July 19, 2021 15:50 IST
EVENT HIGHLIGHTS
Stock market updates: Domestic markets fell in-line with global stocks as potential third waves in the US and the UK, and a spike in coronavirus cases in Japan and Australia desite lockdown-like restrictions, stalled growth rally.
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The benchmark S&P BSE Sensex plunged 587 points, or 1.1 per cent, to end at 52,553 while the Nifty50 ended below the 15,750-mark at 15,730 levels, down 193 points. In the broader markets, the BSE MidCap and SmallCap indices fell 0.58 per cent and 0.31 per cent, respectively.
Sectorally, the Nifty Bank index declined over 2 per cent, led by losses in HDFC Bank (down over 3 per cent) as the deterioration in the lender's asset quality in Q1FY22 sparked fears of a blow to economic recovery.
Global cues
Japan's Nikkei fell 1.25 per cent, South Korea's Kospi erased 1 per cent, and pan-European STOXX 600 index cracked 1.6 per cent. Stock futures of all three main Wall Street indices were also down between 0.7-0.9 per cent.
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