Indian shares fell on Monday as a global surge in Omicron variant cases weighed on investor sentiment, with RBL Bank shedding 10% after its top executive stepped down and the central bank appointed an executive to its board. The NSE Nifty 50 index was down 0.75% at 16,876 by 9:16 am and the benchmark S&P BSE Sensex…
Indian shares posted broad-based declines on Friday, pressured by foreign fund outflows, and as global central banks took a hawkish stance and warned of surging inflation. The NSE Nifty 50 index fell 1.53% to 16,985.20 and the benchmark S&P BSE Sensex dropped 1.54% to 57,011.74. Both the indexes shed…
Indian shares fell on Tuesday, dragged down by auto and financial stocks, amid growing fears of surging inflation in the country and ahead of a series of major central bank meetings this week, including the U.S. Federal Reserve. The blue-chip NSE Nifty 50 index closed 0.25% lower at 17,324.90 and the benchmark S&P…
Indian shares fell for a second straight session on Tuesday, dragged down by IT and banking stocks, as the spread of the Omicron coronavirus variant unnerved investors globally ahead of a bevy of key central bank meetings later this week. The blue-chip NSE Nifty 50 index was down 0.61% at 17,255 by 9:16 am, while the…
Benchmark stock market indices fell sharply on Friday as losses in pharma stocks overshadowed early gains in the energy segment. Investors remain concerned about the Omicron variant of coronavirus that continues to create panic in global markets. The S&P BSE Sensex ended over 760 points lower, down 1.31 per cent at…
Indian shares slipped on Monday as market heavyweight Reliance Industries led energy stocks lower and the return of COVID-19 restrictions in Europe weighed on investor sentiment. The blue-chip NSE Nifty 50 index dropped 0.61% to 17,656.20, while the benchmark S&P BSE Sensex fell 0.65% to 59,250.74 by 9:27…
Indian shares fell on Monday, weighed down by losses in pharmaceutical stocks, although shares of Pfizer Inc’s Indian arm jumped on positive data for the parent firm’s experimental pill against COVID-19. The blue chip NSE Nifty 50 index fell 0.30% to 17,863.05 and the benchmark S&P BSE Sensex fell 0.29%…
Indian shares edged down on Wednesday, dragged mostly by metal stocks as China’s pledge to bring down coal prices eased worries about supply disruptions. The NSE Nifty 50 index was down 0.5% at 18,330, while the S&P BSE Sensex fell 0.4% to 61,502.16 by 9:25 am. The Nifty metals index was the top loser among…