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HomeLife StyleStock Market Update: Sensex Falls 150 pts, Nifty50 Below 17,600; Tata Steel...

Stock Market Update: Sensex Falls 150 pts, Nifty50 Below 17,600; Tata Steel Top Gainer


Sensex Today: The benchmark Sensex and Nifty indices started lower on Friday amid feeble global cues and weak domestic sentiment due to a sharp fall in the rupee.

Global Cues

Australian shares hit a more than two-month low on Friday, as investors returning to trading after a one-day holiday exited riskier assets, following the U.S. Federal Reserve reiterating its hawkish monetary policy outlook to fight searing inflation.

Major Wall Street indexes ended lower on Thursday, falling for a third straight session as investors reacted to the Federal Reserve’s latest aggressive move to rein in inflation by selling growth stocks, including technology companies.

Oil prices rose in early Asian trade on Friday on the prospect that a stalled Iran nuclear agreement and Moscow’s new mobilization campaign in its invasion of Ukraine would further restrict global supplies.

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