Sensex declines 75 points in early trade
The Hindu
Investors preferred to stay on the sidelines on June 14, 2023. Click here to know more about Sensex and NSE updates.
Benchmark equity indices fell in early trade on Wednesday, June 14, 2023 after two days of rally as investors preferred to stay on the sidelines ahead of the announcement of the US Fed interest rate decision later in the day.
The 30-share BSE Sensex declined 75.11 points to 63,068.05. The NSE Nifty dipped 9.6 points to 18,706.55.
From the Sensex pack, IndusInd Bank, Bharti Airtel, Bajaj Finserv, Infosys, Tech Mahindra, Hindustan Unilever, Bajaj Finance, Axis Bank, Wipro and Larsen & Toubro were the major laggards.
Tata Steel, Power Grid, Tata Motors, ITC, Nestle and UltraTech Cement were among the gainers.
In Asian markets, Seoul and Hong Kong were trading lower, while Tokyo and Shanghai quoted in the green.
The US markets ended in positive territory on Tuesday.
Global oil benchmark Brent crude climbed 0.09 per cent to USD 74.36 a barrel.
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Insurance penetration and density are often misunderstood and do not reveal how many families are insured or whether they would be financially secure if the main earning member were to die. The real issue is not reach but adequacy, as households may have life insurance but not enough cover to replace lost income, leaving them financially vulnerable.
Five top firms lose ₹1 lakh crore in market value, with HDFC Bank experiencing the largest decline of ₹56,124.48 crore.
L&T confirms 95% of its West Asia project sites are safe, while addressing logistics challenges amid ongoing regional conflicts.
Mines Ministry to auction 19 critical mineral blocks on March 23, expanding strategic resources for clean energy and technology sectors.
Mines Ministry to auction 19 critical mineral blocks on March 23, expanding strategic resources for clean energy and technology sectors.
Five top firms lose ₹1 lakh crore in market value, with HDFC Bank experiencing the largest decline of ₹56,124.48 crore.
HDFC Bank terminates three senior officials over client onboarding issues at its DIFC branch amid ethical concerns following chairman's resignation.
Air India CEO warns of potential flight cuts and reduced travel demand due to rising fuel costs amid ongoing Gulf conflict.
Options are widely used by retail traders to speculate on the value of the stock for immediate gains and such behaviour in large scale can distort the market
India achieves 1 billion tonne coal production for the second consecutive year, ensuring stable energy supply and economic growth.
Generic drugmakers in India launch affordable Semaglutide versions, targeting a $1 billion diabetes and weight loss market.