Markets bearish as Sensex sheds 200 pts, Nifty around 17,250

7 Oct 2022 , 02:00 PM

Domestic benchmark indices trading in the red after a gap-down opening on Friday. Both the Sensex and Nifty benchmarks are marginally lower in the afternoon market session. Moreover, on back of a surge in US bond yields and firm crude oil pricces, rupee plunges to all-time low to 82.23 agaisnt the US dollar in early trade today.  

On the sectoral front banking index underperformed by tumbling over 1% as all the sectors trading in the red.

At around 2:05 PM, Sensex was trading at 58,003.63 lower by 218.47 points or 0.38%. Nifty 50 traded at 17,263.20 lower 68.60 points or 0.40%

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Top Bulls on NSE are: Titan (+5%), Maruti Suzuki (+1.1%), Hero MotoCorp (+0.72%) supported by Sun Pharma (+0.63%) and Bharti Airtel (+0.62%). Meanwhile, top losers on NSE are: SBI (-1.93%), JSW Steel (-1.71%), M&M (-1.66%), BPCL (-1.52%) and Tata Consumers (-1.52%).

Dabur India stocks plunges over 1.5% in morning session as in its Q2 update said the geopolitical situation and high inflation impacted the business and led to weak demand trends across categories. 

Meanwhile, the World Bank trimmed India’s growth forecast for this financial year by a full percentage point, as rising commodity prices and debt-trouble hit economies in South Asia.

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