Sensex Ends 147 pts Lower, Nifty50 Below 17,900; Gland Pharma Cracks 6%, Nykaa 4%
Sensex Ends 147 pts Lower, Nifty50 Below 17,900; Gland Pharma Cracks 6%, Nykaa 4%
Sensex Today: BSE Sensex, Nifty50 opened on a positive note as global cues remain decently supportive with most Asian indices in the green.

Sensex Today: Benchmark indices closed in negative territory on Thursday ahead of the US inflation data and rising crude oil prices. Key indices Nifty50 closed at 17,858 levels, down 37 points or 0.21 per cent, whereas the S&P BSE Sensex closed at 59,958 levels, down 147 points or 0.25 per cent. Throughout the day, the market mood remained subdued as Nifty50 hit day’s low of 17,761 levels, down over 100 points, while the S&P BSE Sensex sank to 59,632 levels, down 450 points.

Broader markets, too, were subdued in trade as Nifty SmallCap 100 and Nifty MidCap 100 indices slipped up to 0.2 per cent.

Sectorally, Nifty IT and Nifty Media indices defied the gloomy sentiments as they rose up to 0.8 per cent. Nifty FMCG and Nifty Bank indices, on the flipside, declined up to 0.4 per cent.

Among individual stocks, shares of Nykaa, and Paytm dipped up to 9 per cent after their respective counters saw more than 20 million shares changing hands via block deals.

Global Cues

Asian stock markets mostly pushed higher on Thursday, ahead of US consumer price data that investors hope will confirm inflation is in retreat, while the yen rose with a report Japan will next week review the side-effects of its ultra-easy policy. Following gains for Wall Street indexes overnight, MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.5% and touched an almost seven-month high.

Tokyo shares hovered in a narrow band Thursday as investors awaited the release of US consumer price data while hoping for slowing US inflation and less aggressive rate hikes.The benchmark Nikkei 225 index was off 0.03 per cent, or 7.82 points, at 26,438.18 in morning trade, while the broader Topix index added 0.14 per cent, or 2.62 points, to 1,903.87.

US stocks ended up sharply on Wednesday, with the S&P 500 and Nasdaq gaining more than 1% each as investors were optimistic ahead of an inflation report that could give the Federal Reserve room to dial back on its aggressive interest rate hikes.

Oil prices rose in early trade on Thursday, building on gains in the previous session as China’s demand outlook improves and concerns rise over the impact of sanctions on Russian supply.

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