News Karnataka
Wednesday, October 05 2022
Markets

Indian equity benchmarks start new week in red

Indian equity benchmarks start new week in red
Photo Credit : IANS

New Delhi: Indian equity benchmarks declined in opening deals on Monday on weak global cues.

Asian market benchmarks started the fresh week on a volatile note as the US stocks took a hit on interest rate worries.

At 9.28 a.m., Sensex was 801 points or 1.5 per cent down at 54,034 points, whereas Nifty 242 points or 1.4 per cent down at 16,168 points.

“The latest U.S. jobs data cemented expectations the Federal Reserve will remain on its rate-hike path to combat stubbornly high inflation,” said Deepak Jasani, Head of Retail Research, HDFC Securities.

Read more:

FPIs continue selling, withdrew Rs 41,123 cr from Indian market in March

Indices extend losses, Sensex declines around 250 pts

RBI rate hike a surprise as it came between 2 meetings: FM

Equity trade steady in morning session, ONGC top gainer

Profit booking, global cues subdue equity indices; metal stocks down

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