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Business News/ Markets / Stock Markets/  Sensex ends 300 pts higher, Nifty adds 90; PSU Bank shines; Metal, Realty lag

Sensex ends 300 pts higher, Nifty adds 90; PSU Bank shines; Metal, Realty lag

Share Market Close: Indices closed in the green on Monday and added around 0.5%. PSU Bank index jumped 2%. Consumer Durable, Realty and Metal were under pressure. M&M, Adani Ports and Bajaj Finance made gains, whereas Tata Steel lagged.

Stock Market Today: Rate hike worry to keep markets under pressure (REUTERS)Premium
Stock Market Today: Rate hike worry to keep markets under pressure (REUTERS)

Traders remained cautious on Monday with 13 central bank meetings that are certain to see borrowing costs rise across the globe. All the major indices in Asia closed in the red and European markets were trading lower in the morning session.

19 Sep 2022, 07:35:35 AM IST

Gazprom issue: India won’t seek arbitration or penalty

The failure of Russian government-owned Gazprom, the world’s largest explorer of natural gas, to honour the terms of a deal to supply liquefied natural gas (LNG) to state-run GAIL (India) Ltd is being dealt with bilaterally at the highest level of the Indian government, said two government officials aware of the development. Failure of Gazprom to honour the deal to supply LNG is being dealt with at the highest level of government. (Full Story)

19 Sep 2022, 07:34:14 AM IST

FPIs infuse ₹12,000 cr in Indian equities in Sep on hopes of slow rate hikes

Foreign investors pumped 12,000 crore into the Indian equity market so far this month on hopes that global central banks, particularly the US Fed, may go slow on rate hikes as inflation starts to cool off.

This comes following a net investment of 51,200 crore in August and nearly 5,000 crore in July, data with depositories showed.

FPIs turned net buyers in July after nine straight months of net outflows, which started in October last year. Between October 2021 till June 2022, they sold a massive 2.46 lakh crore in the Indian equity market.

19 Sep 2022, 07:29:55 AM IST

Rupee falls 7 paise to close at 79.78 against US dollar on forex outflows

The rupee declined by 7 paise to close at 79.78 against the US dollar on Friday, tracking a strong dollar in overseas markets and losses in domestic equities.

At the interbank foreign exchange market, the domestic currency opened at 79.80 per dollar. It hovered in a range of 79.71 to 79.85 during the session.

The domestic unit finally settled at 79.78, down 7 paise over its previous close of 79.71.

"We expect the rupee to trade with a negative bias on the strong dollar and risk aversion in global markets. Global markets declined after IMF spokesman Gerry Rice flagged concerns over further slowdown in the global economy and said that some countries are expected to slip into recession in 2023," said Anuj Choudhary, Research Analyst at Sharekhan by BNP Paribas. (PTI)

19 Sep 2022, 07:27:50 AM IST

Wall Street falls on Friday as FedEx warning adds to market woes

Wall Street closed out the stock market's worst week in three months with more losses Friday, as a stark warning from FedEx about rapidly worsening trends in the economy rattled already anxious investors.

The S&P 500 fell 0.7%, with all but two of its 11 company sectors ending in the red. The benchmark index sank 4.8% for the week, with much of the loss coming from a 4.3% rout on Tuesday following a surprisingly hot report on inflation. The last time it posted a bigger weekly decline was the week ended June 17.

The Dow Jones Industrial Average fell 0.5% and the Nasdaq composite dropped 0.9%. The Russell 2000 index of smaller companies took the heaviest losses, falling 1.5%.

All the major indexes have now posted losses four out of the past five weeks.

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