MUMBAI: Equity benchmark Sensex declined over 541 points on Thursday, pressured by heavy selling in index heavyweights Reliance Industries, Bajaj Finserv and ICICI Bank amid a sluggish trend in the global markets.
Besides, concerns over a sharp interest rate hike by the US Federal Reserve and a weak rupee against major currencies overseas further weighed on sentiment, traders said.
Snapping its three-day gaining streak, the 30-share BSE Sensex opened strong but came under severe selling pressure to close 541.81 points or 0.90 per cent lower at 59,806.28.
Similarly, the broader NSE Nifty declined 164.80 points or 0.93 per cent to 17,589.60.
This story is from the March 10, 2023 edition of Millennium Post Delhi.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the March 10, 2023 edition of Millennium Post Delhi.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber? Sign In
'Scared to be stereotyped as a DRUNKARD WOMAN'
In a recent interview, Richa divulged details about her character, Lajjo, describing her as the female version of Devdas’
Upbeat DC take on struggling ML as playoff race intensifies
An upbeat Delhi Capitals will look to keep the winning momentum going against an inconsistent Mumbai Indians when the two sides square off in the IPL here on Saturday.
Punjab Kings beat KKR by eight wickets
High-flying Rajasthan Royals will look to continue their winning momentum and consolidate their position at the top when they take on a resurgent Lucknow Super Giants, who would be gunning for revenge at home in an IPL match here on Saturday.
Maruti Suzuki posts record Rs 3,878 cr net profit in O4
During 24, the company registered net sales of Rs 36,697.5 cr
Atleast 12 tn needed for tripling renewable energy capacity by 2030
At the COP29 in Baku, Azerbaijan, New Collective Quantified Goal or a new climate finance goal will be the key issue
RBI proposes new norms for LSPs to promote transparency
Many of the LSPs offer aggregation services for loan products
In second consecutive week of decline, Forex kitty drops 2.28 bn to 640.33 bn
India's forex reserves decreased $2.282 billion to $640.334 billion for the seven days ended April 19 in the second consecutive week of drop in the kitty, the Reserve Bank of India (RBI) said on Friday.
China is not afraid of competition, Xi tells Blinken
Two countries spar over Beijing’s backing to Russia’s onging war against Ukraine
Hezbollah ambushes Israeli convoy
Lebanon's militant Hezbollah group fired anti-tank missiles and artillery shells at an Israeli military convoy in a disputed area along the border, killing an Israeli civilian, the group and Israel's military said on Friday.
Massive girder joining Mumbai’s coastal road sea link installed
The Brihanmumbai Municipal Corporation (BMC) successfully launched a massive 25,000-ton girder connecting the south-bound corridor of the coastal road to the Bandra Worli Sea Link in the early hours of Friday, the civic body said.