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Sensex falls 121 points, Nifty down by 30 points in early trade

  • The Sensex is trading at 61,502.48, down by 121.67 points or 0.20%
  • The Nifty is down 30.25 points or 0.17% at 18,298.90
  • The rupee appreciated 14 paise to 81.14 against the US dollar

Written by:Devanshu
Published: November 15, 2022 05:44:56

Indian equity benchmarks made a positive start on Tuesday
following mostly positive cues from Asian peers. However, soon markets gave up
all the gains and slipped into a negative zone in early deals as selling in
Metal, IT, Realty, TECK, and Energy stocks dragged the indices down.

Government data released on Monday showed that retail
inflation, which is measured by the Consumer Price Index (CPI), dropped to
6.77% in October from 7.41% in the previous month, mainly due to easing prices
in the food basket, though it remained above Reserve Bank’s tolerance level for
the ten consecutive months.

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Currently, the Sensex is trading at 61,502.48, down by
121.67 points or 0.20% after trading in a range of 61,502.48 and 61,783.00. The
Nifty is down 30.25 points or 0.17% at 18,298.90.

Top gainers from the Sensex pack were UltraTech Cement,
ICICI Bank, NTPC, IndusInd Bank, Bharti Airtel, and Mahindra & Mahindra.

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Among the losers were ITC, Tata Consultancy Services, Tech
Mahindra, Sun Pharma, and HDFC.

The rupee appreciated 14 paise to 81.14 against the US
dollar on positive domestic macroeconomic data and easing crude oil prices.

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Asian markets are trading mostly in green with the Nikkei
225 surging 59.61 points or 0.21% to 28,023.08, Straits Times advancing 14.61
points or 0.45% to 3,275.41, Hang Seng jumping 602.17 points or 3.42% to
18,221.88, Taiwan Weighted soaring 362.81 points or 2.56% to 14,537.71, KOSPI
adding 0.62 points or 0.03% to 2,475.27 and Shanghai Composite up by 39.18
points or 1.27% to 3,122.58.

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The US stock market ended in negative territory on Monday.

The BSE benchmark had declined 170.89 points or 0.28% to
settle at 61,624.15 on Monday. The Nifty dipped 20.55 points or 0.11% to finish
at 18,329.15.

Brent crude, the international oil benchmark was trading
0.13% lower at USD 93.02 per barrel.

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According to stock exchange data, foreign Institutional
Investors (FIIs) remained net buyers on Monday as they bought shares worth Rs
1,089.41 crore.

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