Benchmarks hover near days low; Nifty regains 17,800 mark

19 Aug 2022 , 01:32 PM

The domestic equity indices were hovering near the days low in afternoon trade. Negative global cues triggered profit selling in domestic shares following recent steep gains. The Nifty 50 index jumped 3.31% in the past eight trading sessions. The recent resurgence in the US dollar index also spooked investors. The US Dollar index surged to a one-month high of 107.60 today. At 13:25 IST, the barometer index, the S&P BSE Sensex, was down 493.73 points or 0.82% to 59,804.27. The Nifty 50 index lost 139.85 points or 0.78% to 17,816.65. The Nifty regained the 17,800 mark after hitting the days low of 17,727.70 in early afternoon trade. Banks, realty and financial shares dragged. In the broader market, the S&P BSE Mid-Cap index shed 0.76% while the S&P BSE Small-Cap index declined 0.50%. The market breadth was negative. On the NSE, 1378 shares rose and 1956 shares fell. A total of 130 shares were unchanged. Adani Ports & SEZ (up 4.06%), Larsen & Toubro (up 1.51%), Eicher Motors (up 0.81%), Infosys (up 0.78%) and Tech Mahindra (up 0.39%) were top Nifty gainers. IndusInd Bank (down 2.72%), Bajaj Finserv (down 2.63%), Apollo Hospitals Enterprise (down 2.12%), Tata Motors (down 2.06%) and Coal India (down 1.96%) were major Nifty losers. Global Markets: The Dow Jones index futures were down 113 points, indicating a negative opening in the US stocks today. Most shares in Europe and Asia declined on Friday, as investors track the course for monetary policy and continue to digest corporate earnings reports. Investor sentiment has been tepid since mid-week after minutes from the Federal Reserves July meeting showed policymakers would not consider pulling back on interest rate hikes until inflation came down substantially. US stocks ended higher Thursday as an upbeat sales forecast from Cisco Systems helped to lift the technology sector, while data showed the economy remained relatively strong. Sales of previously occupied US homes slowed for the sixth consecutive month in July. The National Association of Realtors said Thursday that existing home sales fell 5.9% last month from June to a seasonally adjusted annual rate of 4.81 million. Powered by Capital Market – Live News