Global Sell-Off, High Inflation: Sensex Sheds 1,400 Points, Nifty Near 15,800

Indian Share Market Witnesses Worst Week In Over Two Years; Sensex, Nifty End Flat

Category : Business

Author: Nob6 Team

Post Date : June 17, 2022

Share Market Right this moment | New Delhi: Indian share market on June 17 noticed the worst week since Might 2020. In a single week alone, the indices shed over 5 per cent of their worth. This got here because the US Federal Reserve hiked the rate of interest by 75 foundation factors, with the intention to management the surging inflation. One other comparable fee hike subsequent month was additionally hinted at throughout the FOMC announcement by Jerome Powell. Following the speed hike, the Swiss Nationwide Financial institution raised its rates of interest for the primary time within the final 15 years.Additionally Learn – Order Right this moment, Obtain Right this moment: This Logistics Firm Launches Identical Day Supply In 15 Cities | Test Particulars Right here

On Friday, Sensex ended 135 factors within the pink at 51,360.42. Nifty dipped 67 factors and ended under 15,300 at 15,277.90. Each the indices touched their yearly lows. The autumn of the share markets on Thursday left traders weaker by Rs 5 lakh crore. Additionally Learn – Sovereign Gold Bond Scheme 2022-23: First Tranche To Open For Subscription On June 20 | All Particulars Right here

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Asian Markets Fall

Nevertheless, the autumn just isn’t an remoted occasion. Nearly all the massive markets throughout asia noticed comparable losses. Japan’s Nikkei index shed 6.7 per cent within the final week. Hong Kong’s Grasp Seng fell 3.5 per cent and Korea’s KOSPI index fell 6 per cent. Additionally Learn – Excessive Volatility In Indian Share Market As Sensex Recovers 400 Factors In Opening Commerce, Nifty Flat

Nifty fell over 5 per cent and Indonesia’s Jakarta Composite index fell 2.5 per cent.

Largest Losers in Sensex on Friday

In Sensex, Asian Paints, Wipro, Dr Reddy’s. Titan, TCS, Tech Mahindra, Solar Pharma and Maruti had been the highest losers on Friday. It have to be famous, Wipro, Infosys, Tech Mahindra had been among the many shares that touched a 52-week low on Thursday.

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