The BSE Sensex fell 812 points or 1%to 80,784, while the Nifty 50 fell 269 points or 1.08%to trade at 9:33 at 9:33 am.
The total market capitalization of all the listed companies on BSE is Rs. 2.6 lakh crore has been reduced to 438.56 lakh crore.
Most Asian markets fell in early trade after overnight losses on Wall L Street, as yields on the debt of the 20 -year -old government reached their highest level since 2023.
Investors ‘spirit has been fragile since Moody downgraded the United States’ credit rating last Friday amid a country’s growing concerns.
High Treasury Yield usually makes bonds more attractive to foreign investors, which asks capital flow from stocks in emerging markets like India.
Sensex Pack, Tech Mahindra, Power Grid, HCL Tech, Industries Bank, Nestlé and M&M were the top LG Guards, while only Adani ports and Tata Steel were opened with gains.
In the Q4FY2, the LEAnder lost 9.9% in the stock of Industrial Bank in the initial trade after a unified net loss of Rs 2,329 crore. The loss was attributed to its derivatives segment. However, the stock received shortly re -recovered.
On the regional front, Nifty Bank, Auto Toe, FMCG, IT, Pharma, Consumer Durables and Oil and Gas Indicators declined by 0.5% and 1.5%. In the wider market, the Nifty Midcap fell 0.35%, while the Nifty Small AP increased 0.1%.
The total market capitalization of all listed companies on BSE is Rs. 2.5 lakh crore has been reduced to Rs. 438.68 lakh crore.
Expert
“Global markets have a little risk. This is clear from the strength of alternative assets like Gold and Bitcoin. The basic issue is the US Fiscal Fiscal Fiscal deficit, which seems unhelpful to the market. The US 20-year-old bonds are auctioned and 5 years, 10-year-old, US bonds, US bonds, US bonds. Strategist, GeoGit Investments Limited.
“US bond yields are generally negative for emerging markets. But the situation is now a bit different. The root cause of the problem is unaffected by the US financial deficit and debt. This can stimulate some capital flow from the US where the possibility of growth and earnings is better,” Vijay Kumar added.
“The Nifty can get immediate support at 24,600, followed by 24,500 and 24,400, followed by Side Ltd, 25,400 and 25,600,” said Choice Broking Equity Research Analyst, Mander Bhojan.
Global markets
The U.S. for a long time on Thursday Treasury Yield has the most affected in 18 months, while Asian stocks and de dollar lare weighed on the investor’s sense of concern over the financial point of view that worsened in the world’s largest economy.
The spotlight is pending on US President Donald Trump’s tax bill, which is expected to vote in Congress this week and investors are concerned that it is a $ 36 trillion US. Debt ile can add about 8 trillion to $ 3.8 trillion.
It was weighted on Asia stocks, with MSCI’s Asia-Pacific shares wider 0.5% below Japan, though it is close to a seven-month high in the previous session.
Japan’s Nikki was down 0.7% on the strong yen. China’s benchmark index fell 0.2%, while Hong Kong’s Hong Seng Index fell 0.8% in the initial trade.
Fii/dii tracker
On the institutional front, foreign institutional investors (FIIs) were net buyers on May 21 with a flow of Rs 2,201.79 crore. Domestic institutional investors (DIIs) were also net buyers, on the same day, Rs. 683.77 crore was purchased.
Also Read: Nalco Shares increased by more than 5% after Q4 profit, with a strong aluminum price of Rs. 2,067 crores have become
Raw oil
Oil prices rose on Thursday as the U.S. The demand for unexpected construction in the inventory of crude and fuel was concerned. While investors were careful, and focused on the new Iran-US nuclear negotiation.
Brent Futures reached $ 64.58 barrels by 0038 GMT to 33 cents or 0.5%, while US West Texas Intermediate crude fell 32 cents or 0.5%.2 61.25. Both benchmarks declined 0.7% on Wednesday.
Rupees vs Dollar
In the initial trade, the Indian rupee fell 2 paise to 85.61 against the USD Dollar Lur. The DOLLAR Lur Index, which is looking for a greenback movement against a basket of six major world currencies, has dropped 0.02% to 99.53 levels.
(With inputs of agencies)
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