sensex news today: ET Market Watch: Sensex, Nifty slump on profit booking; RIL, banks drag

Estimated read time 5 min read

Hello and welcome to a brand-new episode of ET MARKET WATCH – your daily podcast for daily market updates. I am Neha Vashishth Mahajan, let’s hear the top highlights of the day.

Indian markets closed in the red for the 3rd straight session. The market was quite volatile due to profit-booking pressure from index heavyweight RIL, and banking stocks.

Sensex & Nifty
The BSE Sensex declined 220 points and closed at 75,170. Meanwhile, the broader NSE Nifty dropped 44 points to end at 22,888. Reliance Industries, Bharti Airtel, ITC, Power Grid, ICICI Bank, and Axis Bank were the top contributors dragging down the Sensex.

Sector-wise performance
Sectorally, Nifty PSU Bank declined 2.75% and Nifty FMCG fell 0.35%. Nifty Financial Services and Nifty Realty also closed lower. In the broader market, Nifty Midcap100 gained 0.04%, while Smallcap100 fell 0.05%.

Global markets
World shares held near all-time highs on Tuesday and US Treasury yields ticked lower as investors awaited inflation data from both sides of the Atlantic due later in the week. MSCI’s world share index was flat on the day. Asian shares traded broadly steady earlier in the day

Rupee
The Indian rupee ended slightly weaker on Tuesday as dollar demand from local corporations pressured the INR even as the dollar slipped The rupee closed at 83.1775 against the U.S. dollar.

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