Sensex, Nifty fall in early trade after two days of rally
The Hindu
Updates on Sensex and Nifty on June 22, 2023
The benchmark indices fell in early trade on Thursday, June 22, 2023, acing heavy volatility, amid emergence of profit-taking and negative trend in the US markets.
Hawkish remarks from Federal Reserve Chair Jerome Powell made investors cautious.
The 30-share BSE Sensex fell 150.18 points to 63,372.97 even after a positive beginning to the trade. The BSE benchmark hit an intra-day all-time peak of 63,601.71 in initial deals. However, the benchmark index faced volatile trends later and was trading marginally lower.
The NSE Nifty dipped 25.95 points to 18,830.90 in early trade.
From the Sensex pack, Infosys, Power Grid, Wipro, Kotak Mahindra Bank, Tech Mahindra, Bajaj Finance, Hindustan Unilever and Nestle were the biggest laggards.
Tata Steel, Mahindra & Mahindra, ICICI Bank, HDFC Bank, HDFC, Maruti, ITC and Reliance Industries were among the major gainers.
In Asian markets, Seoul quoted in the green, while Tokyo traded lower.
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