Odisha News, Odisha Latest news, Odisha Daily - OrissaPOST
  • Home
  • Trending
  • State
  • Metro
  • National
  • International
  • Business
  • Feature
  • Entertainment
  • Sports
  • More..
    • Odisha Special
    • Editorial
    • Opinion
    • Careers
    • Sci-Tech
    • Timeout
    • Horoscope
    • Today’s Pic
  • Video
  • Epaper
  • News in Odia
  • Home
  • Trending
  • State
  • Metro
  • National
  • International
  • Business
  • Feature
  • Entertainment
  • Sports
  • More..
    • Odisha Special
    • Editorial
    • Opinion
    • Careers
    • Sci-Tech
    • Timeout
    • Horoscope
    • Today’s Pic
  • Video
  • Epaper
  • News in Odia
No Result
View All Result
OrissaPOST - Odisha Latest news, English Daily -
No Result
View All Result

Sensex declines 220 pts on selling in FMCG, steel shares

PTI
Updated: February 7th, 2023, 17:25 IST
in Business
0
BSE, NSE, Sensex, Nifty, Stock market

Representational image

Share on FacebookShare on TwitterShare on WhatsAppShare on Linkedin

FMCMumbai: Benchmark equity indices Sensex and Nifty closed lower Tuesday due to selling in FMCG, metal and auto shares amid rising concerns over interest rate hikes by central banks.

The 30-share BSE barometer declined by 220.86 points or 0.37 per cent to close at 60,286.04 as 22 of its constituents ended in the red. The index opened flat amid mixed global trends. It moved in a range of 60,655.14 to 60,063.49 during the day.

Also Read

Photo Credit: Britannica

Pentagon: India, US to sign 10-year defense framework

11 hours ago
Microsoft AI

Microsoft plans 9,000 more job cuts; fourth layoff this year

1 day ago

The broader Nifty of the National Stock Exchange fell by 43.10 points or 0.24 per cent to settle at 17,721.50, with 31 of its scrips ending in the red. The index touched a high of 17,811.15 and a low of 17,652.55 during the session.

“Sentiments in the domestic market were hammered by bears that dominated the US market post the release of strong jobs data. Global markets are currently driven by central bank policies and the surge in bond yields in expectation of more rate actions,” said Vinod Nair, Head of Research at Geojit Financial Services.

A recovery was seen in the second half of the day as US futures inched higher as investors await Fed Chief Jerome Powell’s speech, Nair added.

Among Sensex stocks, Tata Steel fell the most by 5.23 per cent after posting weak financial results for the December quarter. The steel maker slipped into the red in the third quarter due to a drop in revenue and higher cost.

ITC, Sun Pharma, Maruti, M&M, Tata Motors, HCL Tech, Wipro, Infosys, HUL, Bharti Airtel and Reliance were among the major losers.

Kotak Bank rose the most by 1.59 per cent, followed by IndusInd Bank, Bajaj Finance and Bajaj Finserv. L&T, SBI, TCS and HDFC Bank also closed higher.

Adani group flagship Adani Enterprises snapped its declining trend and rose by 14.63 per cent after hitting the upper circuit during the day. Adani Ports advanced 1.33 per cent despite a decline in profit for the December quarter.

Global stock markets were mixed as investors looked ahead to a speech by the Federal Reserve chief for clues to interest rate plans.

In Asia, the Nikkei 225 in Tokyo declined 0.1 per cent, while Shanghai Composite Index rose 0.3 per cent, and the Hang Seng in Hong Kong advanced 0.6 per cent. In Europe, the FTSE 100 in London gained 0.3 per cent, while Frankfurt’s DAX fell 0.4 per cent, and the CAC 40 in Paris lost 0.3 per cent.

Foreign portfolio investors were net sellers on Monday, offloading shares worth Rs 1,218.14 crore, according to data available with the BSE.

The international Brent crude futures rose 0.79 per cent to USD 81.78 per barrel.

PTI

Tags: BSEFMCGNiftyNSESensexStock market
ShareTweetSendShare
Suggest A Correction

Enter your email to get our daily news in your inbox.

 

OrissaPOST epaper Sunday POST OrissaPOST epaper

Click Here: Plastic Free Odisha

slide 2 to 4 of 30
#MyPaperBagChallenge

Faiza Firdous

December 12, 2019
#MyPaperBagChallenge

Saishree Satyarupa

December 12, 2019
#MyPaperBagChallenge

Subhajyoti Mohanty

December 12, 2019
#MyPaperBagChallenge

Ramakanta Sahoo

December 12, 2019
#MyPaperBagChallenge

Swarit Praharaj

December 12, 2019
#MyPaperBagChallenge

Sibarama Khotei

December 12, 2019
#MyPaperBagChallenge

Ipsita

December 12, 2019
#MyPaperBagChallenge

Diptiranjan Biswal

December 12, 2019
#MyPaperBagChallenge

Anasuya Sahoo

December 12, 2019
#MyPaperBagChallenge

Jhili Jena

December 12, 2019
#MyPaperBagChallenge

Tapaswini Mallick

December 12, 2019
#MyPaperBagChallenge

Sipra Mishra

December 12, 2019
#MyPaperBagChallenge

Ramakanta Sahoo

December 12, 2019
#MyPaperBagChallenge

Pitabas Tripathy

December 12, 2019
#MyPaperBagChallenge

Keshab Chandra Rout

December 12, 2019
#MyPaperBagChallenge

Smitarani Sahoo

December 12, 2019
#MyPaperBagChallenge

Pratyasharani Ghibela

December 12, 2019
#MyPaperBagChallenge

Chinmay Kumar Routray

December 12, 2019
#MyPaperBagChallenge

Akriti Negi

December 12, 2019
#MyPaperBagChallenge

Adyasha Priyadarsani Sendha

December 12, 2019
#MyPaperBagChallenge

Amritansh Mishra

December 12, 2019
#MyPaperBagChallenge

Archana Parida

December 12, 2019
#MyPaperBagChallenge

Adweeti Bhattacharya

December 12, 2019
#MyPaperBagChallenge

Manas Samanta

December 12, 2019
#MyPaperBagChallenge

Nishikant Rout

December 12, 2019
#MyPaperBagChallenge

Debasis Mohanty

December 12, 2019
#MyPaperBagChallenge

Anshuman Sahoo

December 12, 2019
#MyPaperBagChallenge

Aishwarya Ranjan Mohanty

December 12, 2019
#MyPaperBagChallenge

Archit Mohapatra

December 12, 2019
#MyPaperBagChallenge

Shreyanshu Bal

December 12, 2019
#MyPaperBagChallenge

Faiza Firdous

December 12, 2019
#MyPaperBagChallenge

Saishree Satyarupa

December 12, 2019
#MyPaperBagChallenge

Subhajyoti Mohanty

December 12, 2019
#MyPaperBagChallenge

Ramakanta Sahoo

December 12, 2019

Archives

Select Month

    Editorial

    Hungary Lessons

    Hungary
    July 2, 2025

    Revolting against oppression and seeking freedom is ingrained in human nature, something that a repressive regime finds out sooner or...

    Read more

    New Democratic Face

    Zohran Mamdani
    July 1, 2025

    US President Donald Trump, who had comfortably defeated his Democratic rival Kamala Harris in the recent presidential election and exuded...

    Read more

    Proof To Vote

    Vote
    June 30, 2025

    Months ahead of the Assembly polls in Bihar, the Election Commission of India (ECI) on 28 June launched a ‘special...

    Read more

    Genesis of Jana Sangh

    AAKAR PATEL
    June 29, 2025

    We marked the 50th anniversary of the Emergency a few days ago. Another anniversary, this time the 75th, went relatively...

    Read more
    • Home
    • State
    • Metro
    • National
    • International
    • Business
    • Editorial
    • Opinion
    • Sports
    • About Us
    • Advertise
    • Contact Us
    • Jobs
    Developed By Ratna Technology

    © 2024 All rights Reserved by OrissaPOST

    • News in Odia
    • Orissa POST Epaper
    • Video
    • Home
    • Trending
    • Metro
    • State
    • Odisha Special
    • National
    • International
    • Sports
    • Business
    • Editorial
    • Entertainment
    • Horoscope
    • Careers
    • Feature
    • Today’s Pic
    • Opinion
    • Sci-Tech
    • About Us
    • Contact Us
    • Jobs

    © 2024 All rights Reserved by OrissaPOST

      • News in Odia
      • Orissa POST Epaper
      • Video
      • Home
      • Trending
      • Metro
      • State
      • Odisha Special
      • National
      • International
      • Sports
      • Business
      • Editorial
      • Entertainment
      • Horoscope
      • Careers
      • Feature
      • Today’s Pic
      • Opinion
      • Sci-Tech
      • About Us
      • Contact Us
      • Jobs

      © 2024 All rights Reserved by OrissaPOST