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Sensex Declines Nearly 100 Points, Nifty Trades Below 17,450


Sensex and Nifty started at a lower level today.

New Delhi:

The benchmark Indian equities traded lower in the opening of trading on Friday amid weak indications from global markets. Asian stocks fell today following the biggest quarterly decline in global equities in two years, as investors worried about the effects of the Russia-Ukraine war and increased risk of a recession.

The trend on Nifty Futures on the Singapore Exchange (SGX Nifty) also shows an initial downward gap for the domestic index.

30 shares of the BSE Sensex fell 87 points or 0.15 percent to 58,481 in early trade, while the broader NSE Nifty moved 28 points or 0.16 percent to 17,437.

However, medium- and small -cap stocks traded on a positive note as the Nifty Midcap 100 rose 0.20 and small -cap stocks rose 0.34 percent.

Three of the 15 sector gauges – compiled by the National Stock Exchange – are traded in red. Nifty IT and Nifty Auto posted lower index performance by down 0.40 per cent and 0.13 per cent, respectively.

In terms of specific stocks, SBI Life was the biggest loser of the Nifty as the stock cracked 2.29 per cent to Rs 1,095.75. HDFC, ICICI Bank, Hindalco and IndusInd Bank were also among the losers.

The overall market size stood strong as 1,820 stocks rose while 618 declined on the BSE.

On the BSE 30 -stock index, Infosys, HCL Tech, Nestle India, ICICI Bank, Tech Mahindra and Titan are among the most lagging behind.

In contrast, NTPC, PowerGrid, Tata Steel, M&M, HDFC Bank and Bajaj Finance traded in green.

The Sensex was down 115 points or 0.20 percent to close at 58,569 on Thursday, while the Nifty was up 34 points or 0.19 percent lower to close at 17,465.

Agrasmartcity

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