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HomeBusinessSensex Falls 621 Points, Nifty Below 17,800

Sensex Falls 621 Points, Nifty Below 17,800

Benchmark indices broke the four-day winning streak and ended lower with Nifty below 17800 on the back of weak global cues.

At close, the Sensex was down 621.31 points or 1.03% at 59,601.84, and the Nifty was down 179.40 points or 1% at 17,745.90. About 1798 shares have advanced, 1336 shares declined, and 74 shares are unchanged.

JSW Steel, UltraTech Cement, Tech Mahindra, Shree Cements and Reliance Industries were among the top Nifty losers. Gainers included UPL, IndusInd Bank, Bajaj Auto, Bharti Airtel and Eicher Motors.

Among sectors, except auto and oil & gas, all other sectoral indices ended lower with IT and Realty indices down 1 percent each. The BSE midcap and smallcap indices ended on flat note.

Investors are focusing on tightening monetary policy as concerns persist about the omicron variant’s threat to global growth and company earnings. Fed officials said a strengthening economy and higher inflation could lead to earlier and faster rate increases than expected, with some also favoring moves to shrink the balance sheet soon after.

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