The Indian inventory market tanked on Thursday amid US fiscal worries. Whereas the BSE Sensex dipped fell 812 factors, or 1 per cent, to 80,784, the Nifty50 was down 269 factors, or 1.08 per cent, to commerce at 24,544 at 9.33 am.
All of the 13 main sectors logged losses on the open, whereas the broader small-caps and mid-caps fell 0.3% and 0.6%, respectively. IT firms, which earn a big share of their income from the US, shed 1.5% and led sectoral losses.
From the Sensex corporations, Energy Grid, Tech Mahindra, HCL Tech, Nestle, Hindustan Unilever, ITC, Tata Consultancy Companies and Mahindra & Mahindra have been the most important laggards. Adani Ports and IndusInd Financial institution have been the gainers.
Most Asian markets, too, fell in early commerce, monitoring in a single day losses on Wall Avenue, as yields on 20-year US authorities debt rose to their highest since November 2023.
Investor sentiment has been fragile since Moody’s downgraded america’ credit standing final Friday amid issues concerning the nation’s ballooning debt pile.
(With inputs from Reuters)
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