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Market slips 4% amid fee hikes by central banks; rupee falls 48 paise


The Indian rupee ended weak towards the US greenback in the course of the week. The rupee fell 48 paise to 76.91 a greenback on Might 6 towards its April 29 closing of 76.43

Might 07, 2022 / 08:24 PM IST

Indian market lost 4 percent in the week ended May 6 after surprise rate hike by the Reserve Bank of India (RBI) and weakness in the global markets post Fed and ECB raised the interest rates to curb the soaring inflation, which hitting economic growth.

Indian market misplaced 4 % within the week ended Might 6 after a shock fee hike by the Reserve Financial institution of India (RBI) and weak point within the world markets following the US Federal Reserve and BoE’s determination to boost rates of interest to curb the hovering inflation that hit financial development.

For the week, BSE Sensex shed 2,225.29 points (3.89 percent) to close at 54,835.58, while the Nifty50 fell 691.25 points (4.04 percent) to end at 16,411.3 levels.

For the week, the BSE Sensex shed 2,225.29 factors (3.89 %) to shut at 54,835.58, whereas the Nifty fell 691.25 factors (4.04 %) to finish at 16,411.3.

The BSE Large-cap Index fell 4 percent with Zomato, Vedanta, DLF, Titan Company, Eicher Motors and Bajaj Finance lost 10-15 percent.

The BSE largecap index fell 4 %, with Zomato, Vedanta, DLF, Titan Firm, Eicher Motors and Bajaj Finance dropping 10-15 %.

 BSE Mid-cap Index shed 3 percent dragged by Info Edge India, Voltas, Apollo Hospitals Enterprises, Cholamandalam Investment and Finance Company, CRISIL, Aditya Birla Capital, Godrej Properties and IDBI Bank.

The BSE midcap index shed 3 %, dragged by Information Edge India, Voltas, Apollo Hospitals Enterprises, Cholamandalam Funding and Finance Firm, CRISIL, Aditya Birla Capital, Godrej Properties and IDBI Financial institution.

The BSE Small-cap index declined 2.6 percent with Angel One, SOLARA ACTIVE PHARMA SCIENCES, 63 Moons Technologies, Brightcom Group, Future Retail, TV18 Broadcast, DB Realty, Morepen Laboratories, Future Enterprises shed 15-20 percent. On the other hand, Future Consumer, Gokaldas Exports, Paisalo Digital, Future Supply Chain Solutions and Home First Finance Company India added 10-20 percent. (Disclaimer: MoneyControl is a part of the Network18 group. Network18 is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.)

The BSE smallcap index declined 2.6 %, with Angel One, SOLARA ACTIVE PHARMA SCIENCES, 63 Moons Applied sciences, Brightcom Group, Future Retail, TV18 Broadcast, DB Realty, Morepen Laboratories, Future Enterprises shed 15-20 %. Alternatively, Future Shopper, Gokaldas Exports, Paisalo Digital, Future Provide Chain Options and House First Finance Firm India added 10-20 %. (Disclaimer: MoneyControl is part of the Network18 group. Network18 is managed by Unbiased Media Belief, of which Reliance Industries is the only real beneficiary.)

On the BSE Sensex, Reliance Industries lost the most in terms of market value, followed Bajaj Finance, HDFC Bank and Titan Company in the last week. On the other hand, ITC, Power Grid Corporation of India and NTPC added most of their market value. (Disclaimer: MoneyControl is a part of the Network18 group. Network18 is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.)

Among the many Sensex firms, Reliance Industries misplaced essentially the most by way of market worth, adopted by Bajaj Finance, HDFC Financial institution and Titan Firm in the course of the week. ITC, Energy Grid Company of India and NTPC added most to their market worth. (Disclaimer: MoneyControl is part of the Network18 group. Network18 is managed by Unbiased Media Belief, of which Reliance Industries is the only real beneficiary.)

The Indian rupee ended weak against the US dollar in the last week. The INR fell 48 paise lower at 76.91 per dollar on May 6 against its April 29 closing of 76.43.

The Indian rupee ended weak towards the US greenback in the course of the week. The rupee fell 48 paise decrease at 76.91 a greenback on Might 6 towards its April 29 closing of 76.43.

Foreign institutional investors (FIIs) sold equities worth of Rs 12,733.46 crore, while domestic institutional investors (DIIs) bought equities worth of Rs 8,533.26 crore.

International institutional buyers (FIIs) offered equities price Rs 12,733.46 crore, whereas home institutional buyers (DIIs) purchased equities price Rs 8,533.26 crore.

Among the sectors, Nifty Information Technology index declined 15 percent and Nifty Media index fell 12 percent and Nifty Realty index shed 10 percent. However, Nifty Energy index added 9.4 percent.

Among the many sectors, the Nifty data expertise index declined 15 %, the Nifty media index fell 12 % and the Nifty realty index shed 10 %. Nonetheless, the Nifty vitality index added 9.4 %.





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