Sensex, Nifty start on choppy note
PTI, Feb 16, 2022, 10:44 AM IST
Image source: Pinterest
Mumbai: Equity benchmarks Sensex and Nifty opened on a choppy note on Wednesday, tracking weakness in index heavyweights Reliance Industries, SBI, and ICICI Bank.
Building on Tuesday’s stellar rebound, the 30-share Sensex added over 300 points at the opening session but soon lost ground and slipped into the red.
The benchmark was last quoted at 58,124.02, down 18.03 points or 0.03 percent. The NSE Nifty was down 2.05 points or 0.01 percent at 17,350.40.
Tata Steel was the top loser in the Sensex pack, shedding about 1.45 percent, followed by L&T, ICICI Bank, SBI, and UltraTech.
On the other hand, M&M, HDFC, Dr Reddy’s, PowerGrid, and Kotak Bank were among the gainers.
”US stocks ended sharply higher Tuesday, with all three major benchmarks snapping a three-day losing streak.
”Stocks rose as investors read recent developments in western Russia as an indication of de-escalation in animosities, even as US President Joe Biden cautioned that an attack by Russia of Ukraine was still seen as imminent,” said Deepak Jasani, Head of Retail Research, HDFC Securities.
On Tuesday, the Sensex had surged 1,736.21 points or 3.08 percent to end at 58,142.05. This was its biggest one-day jump since February 1, 2021. Likewise, the NSE Nifty had soared 509.65 points or 3.03 percent to settle at 17,352.45.
Elsewhere in Asia on Wednesday, bourses were trading higher in afternoon deals as fears of a Russian invasion of Ukraine this week dissipated.
Global crude oil benchmark Brent Futures fell 0.19 percent to USD 93.06 per barrel.
Foreign institutional investors (FIIs) were net sellers in the capital market on Tuesday, as they offloaded shares worth Rs 2,298.76 crore, according to stock exchange data.
Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.
Top News
Related Articles More
Sensex, Nifty fall for 2nd day on FII selling; RIL, ICICI Bank major drag
Sensex, Nifty fall over 1 pc, snap two-day rally ahead of US Fed interest rate decision
SC orders liquidation of grounded air carrier Jet Airways’ assets
Home-cooked meals become dearer in October on costlier vegetables
Sensex, Nifty surge over 1 pc on heavy buying in IT stocks as Trump set to win US polls
MUST WATCH
Latest Additions
“Coming soon.. 2025”: KL Rahul and Athiya Shetty announce first pregnancy
Unauthorized bus stops at signals fuel traffic woes and safety concerns
No greater feeling than serving those in need: Outgoing CJI D Y Chandrachud
Baikampady: Here, even elederly have to crawl under trains to cross tracks!
CJI Chandrachud: A legacy of landmark verdicts that shaped society and some controversy too
Thanks for visiting Udayavani
You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.