Sensex Trumbles 1,059 Points, Metals Stocks Goes Down Major Stock Indices Traded With Heavy Losses In Afternoon Trading.

Sensex Trumbles 1,059 Points, Metals Stocks Goes Down Major Stock Indices Traded With Heavy Losses In Afternoon Trading.

Updated on 16 Sep, 2022: Sensex trumbles 1,059 Points, Metals Stocks goes down Major stock indices traded with heavy losses in afternoon trading. Global downturn weakened investor sentiment.

Nifty traded below his 17,600 mark. All NSE industry indexes fell, with media, real estate and auto stocks losing the most.

At 2:30 pm, the barometer index S&P BSE Sensex fell 1,059.61 points, or 1.77%, to 58,874.40. The Nifty 50 Index fell 303.90 points (1.70%) to 17,573.50.

Sensex trumbles 1,059 Points, Metals Stocks goes down Major stock indices traded with heavy losses in afternoon trading.

Global downturn weakened investor sentiment. Nifty traded below his 17,600 mark. All NSE industry indexes fell, with media, real estate and auto stocks losing the most.

At 2:30 pm, the barometer index S&P BSE Sensex fell 1,059.61 points, or 1.77%, to 58,874.40. The Nifty 50 Index fell 303.90 points (1.70%) to 17,573.50.

The broader market underperformed the benchmark index. The S&P BSE Mid Cap Index fell 2.91% and the S&P BSE Small Cap Index fell 2.41%.

Market width was weak. On the BSE, 800 shares rose and 2,669 shares fell. A total of 101 stocks were unchanged. Number to track: India’s benchmark 10-year government bond yield rose to 7.266 from 7.238 at the close of the previous trading session.

In the forex market, the rupee is depreciating against the dollar. The partially convertible rupee traded at 79.76 and closed at 79.71 in the previous trading session.

MCX Gold futures set to settle on 5 October 2022 fell 0.59% to Rs.49,019. The US Dollar Index (DXY), which tracks the value of the dollar against a basket of currencies, rose 0.39% to 110.17.

In commodity markets, Brent crude rose his 1 cent (0.01%) to $90.85 a barrel in November 2022. Total index: The Nifty Metal Index fell 2.91% to 6,081.80.

The index is up 4.2% over five trading sessions. Vedanta (7.78% Down), Welspun Corp (5.5% Down), Hindustan Copper (4.63% Down), Hindalco Industries (3.75% Down), Jindal Steel & Power (3.52% Down), National Aluminum Company (3.34% Down), Indian Steel Authority (down 2.8%), Jindal Stainless (down 2.55%), Hindustan Zinc (down 2.15%) and Adani Enterprises (down 1,88%) collapsed.

Today’s domestic stock market turmoil follows a series of US macro reports that have done little to assuage concerns about the possibility of a significant rate hike by the US Federal Reserve next week.

Against this background, analysts say the domestic market is showing signs of fatigue. The biggest global concern right now is that the Fed could disable the economy, raise rates too quickly, and plunge the US economy into a sharp recession.

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