Share Market News Today | Sensex, Nifty, Share Prices LIVE: Domestic markets were witnessing a pullback at the start of the day’s trade on Dalal Street. S&P BSE Sensex opened just shy of 56,000 mark, rising more than 400 points or 0.6%. NSE Nifty 50 was above 16,700. Bank Nifty zoomed half a per cent to regain 35,500. India VIX was down 6%. Tech Mahindra was up 2% as the top Sensex gainer, followed by Power Grid, NTPC, and IndusInd Bank. In the red, Asian Paints was the top laggard, accompanied by Ultratech Cement, Maruti Suzuki, and Nestle India.
Making fighting inflation his primary task, US Federal Reserve Chair Jerome Powell, on Wednesday, signalled the central bank would start raising rates this month despite uncertainties stemming from the Russia-Ukraine crisis. Powell, in his remarks to the U.S. House of Representatives Financial Services Committee, reiterated the core Fed narrative that high inflation and an “extremely tight” labour market warrant higher interest rates. The US Fed Chair said that he is inclined to propose a 25 basis point rate hike later this month. The rate of inflation in the US has scaled a 40-year high.
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Infosys, HCL Tech, ONGC, Vedanta, Maruti Suzuki, Union Bank stocks in focus on weekly F&O expiry day
Domestic equity benchmarks BSE Sensex and Nifty 50 were staring at a gap-up start on Thursday, a day of weekly F&O expiry. Nifty futures were trading 41 points or 0.25 per cent up at 16,658 on the Singaporean Exchange. In the previous session, S&P BSE Sensex managed to cut some intraday losses, but still closed 778 points or 1.38% in the red at 55,468 while NSE Nifty 50 ended 187 points or 1.12% lower at 16,605. Asian peers were trading in green as oil prices continued to move higher with Brent crude oil topping $117 per barrel.
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