Sensex Falls Over 300 Points, Extending Losses For Second Straight Session
NDTV
Stock Market India: Equity benchmarks extended losses for the second straight day on Thursday.
Indian equity benchmarks extended losses for the second straight session on Thursday as rising Covid cases in China alarmed investors who had anticipated the world's second-largest economy to pick up steam following the easing of strict restrictions.
After closing marginally lower in the previous session, the BSE Sensex index fell 300.33 points to 60,609.95 in early trade on Thursday, and the broader NSE Nifty index opened in the red, reflecting a fall in wider Asian share markets along with oil prices.
As traders try to settle their futures and options (F&)) contracts for the December derivatives, the last series of 2022, the expiry on Thursday could cause a spike in volatility.
"Markets are likely to see a bearish opening on Thursday in view of weak global cues after US markets slumped overnight amidst rising bond yields over fears that inflation could pick up on China's reopening," said Prashanth Tapse, Senior Vice President For Research at Mehta Equities.
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