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

“Coming soon.. 2025”: KL Rahul and Athiya Shetty announce first pregnancy

Unauthorized bus stops at signals fuel traffic woes and safety concerns

SC notice to Karnataka, DK Shivakumar on CBI plea against withdrawal of consent by state govt

Will remain active in politics till my last breath: JD(S) patriarch & ex-PM Deve Gowda

BJP calls Congress govt ‘laughing stock’ as ‘samosa politics’ heats up in Himachal

Chikkaballapur: Yoga teacher feigns death by holding her breath, escapes murder bid

World Bunts Summit to be held in Mumbai on December 7

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

Gho Pooja in Deepavali Festival

Melukote Deepavali

Ganapathi Co-operative Society Ltd

Udayavani Chinnara Banna 2024

Annapoorna Aahar | Food Places In Mysore


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.