Share Market Today: Sensex Falls More Than 200 Points, Nifty Below 18,700; FPIs Stay Net Sellers
Sensex closed 208 points lower, down by 0.33% at 62,626.36. While, Nifty ended 54 points lower, down by 0.29% at 18,646.75.
KEY HIGHLIGHTS
Foreign Investors Net Buyers
Overseas Investors in Indian equities remained net sellers for the second straight day on Tuesday.
Foreign portfolio investors net sold equities worth Rs 635.35 crore, according to data from the National Stock Exchange.
Domestic institutional investors turned net sellers and sold equities worth Rs 558.67 crore.
Institutions net bought Rs 2,300.86 crore worth of equities in December so far, and net sold Rs 13,151.03 crore worth of Indian equities till date in 2022.
Yield On The 10-Year Bond Rises
The yield on the 10-year bond rose marginally to 7.25% on Tuesday.
Source: Bloomberg
Rupee Declines Sharply Against The U.S. Dollar
The rupee slipped sharply against the U.S. dollar to settle at 82.6 on Tuesday, falling nearly 81 paise by 1% as compared to the Monday close.
The local currency closed at 81.79 on Monday.
Source: Bloomberg
Closing Bell
The Indian benchmark indices closed lower in trade amid mixed global cues on Tuesday.
The S&P BSE Sensex closed 208 points lower, down by 0.33% at 62,626.36. While, NSE Nifty 50 ended the trading day 54 points lower, down by 0.29% at 18,646.75.
The markets snapped their eight day winning streak on Friday and closed flat on Monday.
Among the Nifty 50 stocks, 19 advanced, while 30 declined and one remained unchanged.
Adani Enterprises Ltd., Hindustan Unilever Ltd., Nestle India Ltd., Bajaj Auto Ltd. and Power Grid Corp Of India Ltd. were the top Nifty gainers.
On the other hand, BPCL Ltd., Tata Steel Ltd., Dr. Reddy's Laboratories, Hindalco Industries Ltd. and UPL Ltd. were the top laggards.
The broader indices underperformed their larger peers, with the mid-cap and small-cap gauges losing 0.53% and 0.32%, respectively.
Fifteen of the 20 sectoral indices compiled by BSE declined with S&P BSE Information & Technology, Telecommunication, Metal and Teck declining the most over 1%.
The market breadth is skewed in favour of the bears. About 1,604 stocks rose, 1892 fell and 136 stocks remained unchanged.
Dish TV India Appoints Three Independent Directors
Dish TV India Ltd. recorded the resignation of Executive Director Rajeev Kumar Dalmia from the Board of Directors of the company and the committee.
Subsequently, the board has appointed three independent directors of the company with effect from Dec. 6, 2022.
The appointment of Sunil Kumar Gupta, Madan Mohanlal Verma and Gaurav Gupta shall be placed before the shareholders for their approval in terms of extant provisions.
Source: Exchange Filings
