Indian equities fell for a second straight session today and snapped their three-day gaining streak as investors remained spooked by a sharp rise in US yields. Sensex managed to hold 50,000 and closed below 441 points, but Nifty gave up 15,000. Even the broader market indices finished the day in the red.
The Sensex closed 0.87 percent lower at 50,405.32 while Nifty fell 0.95 percent to settle at 14,938.10. Broader market indices traded in red as well, with midcaps losing 2.15 percent and smallcaps losing 1.55 percent.
Total 38 Nifty stocks closed in red, with IndusInd Bank, Wipro, Tata Motors among the top losers, while ONGC, Gail, Hero MotoCorp, Maruti, and Kotak Mahindra Bank were the top gainers.
All the sectoral indices on Nifty50 were trading in red, with financials and metals as the top losers. Both Nifty Metal and PSU Bank fell three-four percent. The volatility index rose nearly 6 percent today.
13 Apr 2021 11:00 AM
The dollar rose from near a three-week low against major rivals on Tuesday, buoyed by a bump in Treasury yields, as traders awaited highly anticipated U.S. inflation data later in the day.
13 Apr 2021 10:30 AM
Gold was unchanged today as investors kept to the side lines ahead of U.S. inflation data that is projected to shed more light on recovery in the world's largest economy.
13 Apr 2021 07:40 AM
Find out why is the Dollar trading near its 3-week low?
12 Apr 2021 06:35 PM
U.S. stock futures slipped today, signaling a muted opening for major indexes that stand at record highs ahead of a busy week of corporate earnings and economic data.
12 Apr 2021 04:31 PM
Indian equities fell the most in over a month as a rapid surging second wave of the coronavirus across the country acted as the key deterrent to market sentiment.
12 Apr 2021 04:21 PM
The Indian rupee dropped for the sixth consecutive session against the dollar, as a surge in coronavirus cases intensified fears of a delay in economic recovery.