23 Sep , 2022 By : Monika Singh
Share Market News Today | Sensex, Nifty, Share Prices LIVE: Indian benchmark indices BSE Sensex and NSE Nifty 50 were trading 1% down on Friday, amid weak global cues. BSE Sensex fell below 59000, while NSE Nifty 50 index was near 17500. Stocks of Tata Steel, Sun Pharma, Hindustan Unilever Ltd (HUL), ITC, Dr. Reddy’s, Infosys, HCL Tech, Titan Company, and Maruti Suzuki were among top Sensex gainers. IndusInd Bank, Housing Development Finance Corporation (HDFC), M&M, Tech Mahindra, HDFC Bank, Axis Bank, Kotak Mahindra Bank were among top index draggers. Nifty Bank index fell 1.3 per cent or 531 points to trade at 40,083. Tata Steel’s board on Friday approved the scheme of amalgamation between seven of its group companies and itself, as per the company’s exchange filing.
BSE Sensex fell 300 pts or 0.5 per cent to 58854, while NSE Nifty was down 0.4 per cent or 65 points to 17593
BSE Sensex was testing 59000, while NSE Nifty 50 fell below the crucial 17600 in pre-opening session on Friday
Equity benchmark indices are likely to start on a negative note Friday and slip further amid bearish sentiment across the global equity markets. Markets will continue to witness intra-day volatile moves in the backdrop of a rate hike decision by the US Fed and its hawkish commentary that is weighing heavily on investors' minds. Some part of pessimism is also due to the exit of FIIs from the local shares and they sold shares worth Rs 2509.60 crores in yesterday’s trade. Technically, the immediate downside risk for Nifty is seen at 17429 mark and below the same, expect a waterfall of selling which could take the index towards the 16907 mark.
Major Wall Street indexes ended lower on Thursday, falling for a third straight session as investors reacted to the Federal Reserve's latest aggressive move to rein in inflation by selling growth stocks, including technology companies. The Dow Jones Industrial Average fell 107.1 points, or 0.35%, to 30,076.68, the S&P 500 lost 31.94 points, or 0.84%, to 3,757.99 and the Nasdaq Composite dropped 153.39 points, or 1.37%, to 11,066.81.
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