Previous   Next
HomeBusinessSensex Downs 509 Points, Nifty Settles At 16,058

Sensex Downs 509 Points, Nifty Settles At 16,058

The Benchmark indices ended lower for the second consecutive day on July 12 with Nifty below 16,100.

At close, the Sensex was down 508.62 points or 0.94% at 53,886.61, and the Nifty was down 157.70 points or 0.97% at 16,058.30. About 1436 shares have advanced, 1784 shares declined, and 157 shares are unchanged.

Eicher Motors, Hindalco Industries, Infosys, BPCL and Nestle were among the top Nifty losers. Shree Cements, NTPC, Coal India, Adani Ports and Bharti Airtel were among the biggest gainers.

Except power, all other sectoral indices ended in the red. BSE midcap and smallcap indices shed 0.5 percent each.

Indian rupee ended lower by 17 paise at 79.60 per dollar against previous close of 79.43.

Syngene International has entered into an agreement for the purpose of acquisition of renewable power by acquiring equity stake up to 26% in Ampyr Renewable Energy Resources Eleven Private Limited, Special Purpose Vehicle formed by Ampyr India Asset Holdings Private
Limited, for generation and supply of solar power.

Syngene International was quoting at Rs 570.20, down Rs 2.90, or 0.51 percent on the BSE.

Government blows $850 million hole in metal stocks as foreigners flee export duties. In the four months prior to May, metal and mining was one of the few sectors to boast net inflows from foreign portfolio investors

The euro sank to within a whisker of parity with the dollar on Tuesday and stock markets fell as the prospect of further central bank tightening and worries about the health of economies worldwide unnerved investors.

The dollar’s role as the safe-haven go-to currency for investors worried about the economic outlook has been burnished in recent weeks, with the U.S. currency roaring to two-decade highs against multiple currencies.

The euro has been particularly vulnerable given the impact of an ongoing spike in natural gas prices on the regional economy and the war in neighbouring Ukraine, and with the European Central Bank behind rivals in raising interest rates.

By 0725 GMT, the euro was down 0.3% at a low of $1.0004 , its weakest in more than 20 years.

The dollar index gained 0.3% to 108.48 , while sterling hit another two-year low and the yen was not far off its weakest in more than two decades .

More News

Consumption of Dietary Beverages Increase Cardiovascular Disease Risk: Study

A new study has found a link between consuming artificial sweeteners, in dietary beverages, and increased cardiovascular disease risk like stroke. Artificial sweeteners like aspartame,...

Coronavirus: India Reports 6,093 New Covid Cases, 31 Deaths

India reported 6,093 new Covid infections in the past 24 hours against 6,395 cases on the previous day, the Union Health Ministry said on...

Natural Manuka Honey May Help Cure Drug-Resistant Lung Infection

A combination of natural manuka honey with a widely used drug can treat a lethal lung infection and greatly reduce side effects of one...


Work From Home For Maximum Period of One Year In Special Economic Zone: Ministry of Commerce

As per the Commerce Ministry, Work from home (WFH) is allowed for a maximum period of one year in a special economic zone unit...

No GST Will Be Levied On Lentils, Rice, And Flour Including 9 Other Items: FM

Finance Minister Nirmala Sitharaman on Tuesday gave a list of food items that are exempted from GST, provided they are sold loose and not...

Sensex Surges 760.37 Points, Nifty Settles At 16,278.50

The stock market hit a one-week high on Monday. At close Sensex surged 760.37 points or 1.41% at 54,521.15, and the Nifty jumped 229.30...