17 Feb , 2023 By : Monika Singh
The BSE Sensex closed barely above 61,000 while Nifty 50 gave up the 18,000 level. The indices snapped a three day gaining streak. In the sectoral indices, Bank Nifty fell 1.2%, Nifty Auto dropped 0.5%, Nifty FMCG dipped 0.3% while Nifty IT declined 1.2%. L&T, UltraTech Cement, BPCL, Hero MotoCorp and Asain Paints were the top gainers on the Nifty 50 index, while Adani Enterprises, Nestle India, IndusInd Bank, SBI Life and HDFC Life were the top losers.
Wall Street fell by the most in four weeks on Thursday as further data proved that inflation is stickier than expected.The S&P 500 dropped 1.4?ter a report said inflation at the wholesale level slowed by less last month than previously forecasted. The Dow Jones Industrial Average lost 431 points, or 1.3%, while the Nasdaq composite dropped 1.8%.
Asian markets closed mostly in red on Friday. China’s Shanghai Composite Index fell 0.77%, Japan’s Nikkei 225 declined 0.66%, South Korea’s KOSPI tumbled almost 1% while Hong Kong’s Hang Seng fell 1.28%.
The Indian rupee gained marginally by 0.11% to 82.82 against the US dollar at 3:45 PM (IST).
Gold futures on the multi-commodity exchange for April delivery were trading at Rs 55,853, down 375 points or 0.67% while Silver futures for March delivery fell 1074 points or 1.64% to Rs 64,559.
WTI Crude futures for March delivery were down 2.06% at $76.87 while Brent Crude futures for March delivery were trading 2.15% lower at $83.39 at 3:46 PM (IST).
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