ANI
22 Jun 2022, 22:18 GMT+10
Mumbai (Maharashtra) [India], June 22 (ANI): After a two-day hiatus, the Indian stock market's benchmark Sensex slumped 709 points on Wednesday dragged by a selloff in heavyweight Reliance Industries Limited.
The 30 stock SP BSE Sensex slumped 709.54 points or 1.35 per cent to 51,822.53 per cent against its previous day's close at 52,532.07 points.
Earlier, the Sensex started the day in the red at 52,186.36 points and slumped to a low of 51,739.98 points in the intra-day. The Sensex touched a high of 52,272.85 points in the intra-day.
The Sensex has slumped after two consecutive days of gains. The Sensex had gained 934.23 points or 1.81 per cent on Tuesday.
The Sensex has closed in the red for the seventh time in the past nine trading sessions. There was heavy selling pressure in the market last week. The Sensex had lost 2,943.02 points or 5.41 per cent last week.
The markets recovered in the first two days of the week. However, it has again come into the selling pressure.
The broader Nifty 50 of the National Stock Exchange slumped 225.50 points or 1.44 per cent to 15,413.30 points against its previous day's close at 15,638.80 points.
The Nifty has closed in the red after two consecutive days of gains. The Nifty had gained 288.65 points or 1.88 per cent on Tuesday.
Tata Steel crashed 5.24 per cent to Rs 837.95. Wipro dipped 3.29 per cent to Rs 411.25.
The index heavyweight Reliance Industries Limited slumped 3.07 per cent to Rs 2505.20.
IndusInd Bank slumped 2.67 per cent to Rs 777.30. HCL Technologies fell 2.61 per cent to Rs 961.60. Bajaj Finserv fell 2.41 per cent to Rs 11452. Titan dipped 2.32 per cent to Rs 2030.30.
Selling pressure was across the board. Only four of the 30 scrips that are part of the benchmark Sensex closed in the positive.
TCS rose 0.31 per cent to Rs 3222. Hindustan Unilever, Power Grid Corporation and Maruti Suzuki also close marginally higher. (ANI)
Get a daily dose of Iraq Sun news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Iraq Sun.
More InformationTokyo, Japan: On June 28, Japan baked under intense heat for a fourth successive day, with temperatures breaking nearly 150-year-old ...
ALBANY, New York: A New York state judge has struck down a recent law giving 800,000 non-citizen New York City ...
DUBAI, UAE: The Arab states have built significant amounts of solar and wind power installations, and are in line to ...
LONDON, England: A second referendum on Scottish independence is set to be held in October 2023. The Scottish government, led ...
LISBON, Portugal: Tuvalu Foreign Minister Simon Kofe walked out of the opening cermonies of this week's United Nations Ocean Conference ...
SULAWESI, Indonesia: Using just a rope, an Indonesian man, supported by fellow villagers on the island of Sulawesi, captured a ...
WATFORD, UK: Watford F.C. has cancelled a friendly match against the Qatar national team due to the Gulf country's human ...
Doha [Qatar], July 2 (ANI): A high-level US delegation met with senior Taliban representatives in Qatar to discuss concerns about ...
ABU DHABI, 1st July, 2022 (WAM) -- UAE residents felt a 6.3 magnetite quake that jolted South Iran on Saturday at ...
ABU DHABI, 1st July, 2022 (WAM) -- UAE residents felt a 6.3 magnitude quake that jolted South Iran on Saturday ...
Dustin Johnson shot a 4-under-par 68 to tie Mexico's Carlos Ortiz for the lead after the second round of the ...
Tehran [Iran], July 2 (ANI): An earthquake with a magnitude of 6.0 on the Ritcher scale jolted Southern Iran on ...