29 Aug 2022 , 09:52 AM
In terms of the sectoral front, all the sectoral indices are trading in the red with a steep fall where IT and banks doing the most damage. Meanwhile, India's Volatility Index ((VIX) skyrocketed by over 15% on Monday's trade.
Currently at around 9:41 AM, the BSE Sensex was trading at 57,729.21 nosediving by 1104.66 points or 1.88% and the NSE Nifty was 17,204.50 down 354.40 points or 2.02%.
At this hour, there were no NSE gainers while on the other hand, losers on the Nifty 50 index were - Tech Mahindra slumped 5.5%, Infosys dropped 4.4%, HCL Tech, TCS, Hindalco were in the negative zone, tumbling around 4% each.
Other stocks like Wipro, JSW Steel, Tata Motors, UPL, L&T, HDFC also dragged.
In terms of sectoral indices, Nifty IT was the top bear nosediving by more than 1000 points, while Bank Nifty contracted by 940 points.
On the Wall Street, US markets witnessed biggest fall in over 4 months as Federal Reserve Chairman 8 minutes speech rattles markets with Dow Jones falling 1000 points while Nasdaq falls almost 500.
On the Asian front, the markets opened in the red as the Japanese 'Nikkei' traded down over 800 points in early trade as the Yen hit its lowest level to US$ in over 15 years. Taiwan markets were down over 400 points in sync with the sell off in Nasdaq & technology stocks.
For feedback and suggestions, write to us at editorial@iifl.com
Related Tags
IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000
IIFL Securities Support WhatsApp Number
+91 9892691696
www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.
Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.