News Karnataka
Saturday, August 13 2022
Markets

Indian equities open negative; Sensex, Nifty indices down 1.5% each

Photo Credit : IANS

New Delhi: India’s key indices — S&P BSE Sensex and NSE Nifty50 — fell sharply in early trade on Monday as investors are worried about the full-fledged Russia-Ukraine war that is panning out.

At 9.55 a.m., Sensex was 1.5 per cent or 817 points down at 55,041 points, whereas Nifty 1.4 per cent or 233 points was down at 16,425 points.

“Asian markets are trading mixed in the early Monday trade with Nikkei and HangSeng trading in negative territory while Taiwan and Korean markets trading in positive territory. WTI Crude rose more than 5 per cent on the Russia-Ukraine crisis as Western nations imposed fresh sanctions on Moscow,” said Mohit Nigam, Head – PMS at Hem Securities.

Nigam believes investors should trade with caution in the next few trading sessions as the volatility is expected to persist for some time.

“One can use these dips to open and make fresh positions in quality stocks for the long term.”

Among the stocks, HDFC Life, SBI Life, Eicher Motors, Maruti Suzuki, and Asian Paints were the top five losers among the Nifty 50 companies, declining 3.1 per cent, 3.1 per cent, 2.7 per cent, 2.6 per cent, and 2.6 per cent, respectively.On the other hand, Power Grid Corporation of India, BPCL, Coal India, Hindalco, and Tata Steel were the top gainers in the opening session, NSE data showed.

Share this:
MANY DROPS MAKE AN OCEAN
Support NewsKarnataka's quality independent journalism with a small contribution.

How useful was this post?

Click on a star to rate it!

Average rating 0 / 5. Vote count: 0

No votes so far! Be the first to rate this post.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Leave a Reply

Your email address will not be published.

Visit 7Jackpots and find the best online casinos in India! Play the most popular casino games for real money!

Find the best odds at 10Cric and ipl betting 2021! Signup today and get up to a 100% deposit bonus.

Subscribe Newsletter

Get latest news karnataka updates on your email.

To get the latest news on WhatsApp