Markets

Sensex slips 153 points in volatile trade amid weak global markets

Bombay Stock Exchange (BSE) building in Mumbai. File

Bombay Stock Exchange (BSE) building in Mumbai. File | Photo Credit: The Hindu Photo Library

Benchmark indices fell for the third straight day on Tuesday, with the Sensex falling over 153 points amid largely weak global markets as investors remained cautious ahead of the crucial Federal Reserve meeting outcome.

Unabated foreign fund outflows also continued to weigh on the domestic equity markets.

The 30-share BSE benchmark dropped 153.13 points or 0.29% to settle at 52,693.57. During the day, it tumbled 387.22 points or 0.73% to 52,459.48.

The NSE Nifty declined by 42.30 points or 0.27% to end at 15,732.10.

From the Sensex pack, IndusInd Bank, Tech Mahindra, Reliance Industries, Maruti, Hindustan Unilever, HDFC Bank and Asian Paints were the major laggards.

On the other hand, NTPC, UltraTech Cement, Bharti Airtel and M&M were among the gainers.

Elsewhere in Asia, markets in Seoul and Tokyo ended lower, while Hong Kong and Shanghai bounced back and settled in the green.

Markets in Europe were trading mostly lower in mid-session deals.

Stock exchanges in the United States ended sharply lower on Monday.

Meanwhile, international oil benchmark Brent crude gained 0.68% to $123.1 per barrel.

Foreign institutional investors (FIIs) remained net sellers in the capital market, as they sold shares worth ₹4,164.01 crore on Monday, as per exchange data.


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Printable version | Aug 12, 2022 7:51:20 pm | https://www.thehindu.com/business/markets/sensex-slips-153-points-in-volatile-trade-amid-weak-global-markets/article65526464.ece