Sensex, Nifty fall in early trade
The Hindu
While the Sensex declined 186.74 points, the broader Nifty dipped 52 points in early trade.
Equity benchmark indices declined in early trade on Thursday, December 15, 2022, following weak global markets amid the US Federal Reserve's hawkish stance.
The 30-share BSE Sensex declined 186.74 points to 62,491.17. The broader NSE Nifty dipped 51.95 points to 18,608.35.
From the Sensex pack, Tech Mahindra, Infosys, HCL Technologies, Tata Consultancy Services, Titan and UltraTech Cement were the major laggards.
IndusInd Bank, State Bank of India, Mahindra & Mahindra and NTPC were among the winners.
The bearishness can be attributed to the US Fed's hawkish comments that indicated it will keep rates higher through next year, said Prashanth Tapse, research analyst.
Elsewhere in Asia, equity markets in Seoul, Tokyo, Shanghai and Hong Kong were trading lower.
The US markets had ended in the negative territory on Wednesday.
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