While the Smallcap and Midcap indices fell less than the Nifty, the advance-decline ratio ended sharply in the negative.Īll the broader indices were in the negative territory with BSE Midcap losing 0.64 percent and BSE Smallcap falling 0.7 percent. “Persisted foreign fund outflow and widening trade deficit due to the elevated oil prices led to depreciation of INR, weakening the sentiment", said Vinod Nair, Head of Research at Geojit Financial Services.Īmong sectors, Oil & Gas, Metals, Banks, and IT indices fell the most while the Telecom sector ended minorly in the positive. As oil boils, India's current account deficit is likely to hit a three-year high of 1.8% or $43.81 billion in FY22, as against a surplus of 0.9% or $23.91 billion in FY21, according to India Ratings. Market sentiments are also getting severely impacted by the rising crude which is currently trading at over $120 bbl fuelled by intensifying geopolitical tensions between Russia and Ukraine, and tightening by global central banks. PhonePe Beat of Progress Powered by Moneycontrol.Pharma Industry Conclave Unlocking opportunities in Metal and Mining.The Challengers Life Insurance Made Simple.
NIFTY MONEYCONTROL SERIES
Interview Series Business In The Week Ahead.
0 kommentar(er)
