- Title: Indian shares back further away from record highs, private banks top losers
- Date: 29th September 2021
- Summary: MUMBAI, MAHARASHTRA, INDIA (SEPTEMBER 29, 2021) (ANI - NO USE INDIA) VARIOUS OF BOMBAY STOCK EXCHANGE (BSE) BUILDING VARIOUS OF PEOPLE OUTSIDE BSE VARIOUS OF TICKER SHOWING STOCK MOVEMENT (SOUNDBITE) (Hindi) STOCK MARKET EXPERT, SUNIL SHAH, SAYING: "Since U.S. markets were down yesterday and so were the Asian markets today, it seems that our markets are also soft today. It is down by about 470 points in the early trades. However, I believe that we are at an all-time high, we crossed 60,000, so selling at this point is normal. I would say that the undercurrent is still bullish." VARIOUS OF PEOPLE OUTSIDE BSE
- Embargoed: 13th October 2021 08:52
- Keywords: Bombay Stock Exchange India Mumbai bank nifty record high sensex stocks tech
- Location: MUMBAI, MAHARASHTRA, INDIA
- City: MUMBAI, MAHARASHTRA, INDIA
- Country: India
- Topics: Asia / Pacific,Economic Events
- Reuters ID: LVA001EWRUK3Z
- Aspect Ratio: 16:9
- Story Text: Indian shares fell on Wednesday (September 29), edging further away from record highs scaled last week as private banks and tech stocks extended losses, with broader concerns about the pace of global economic recovery also weighing on sentiment.
The blue-chip NSE Nifty 50 index declined 0.54% to 17,652.55 by 0500 GMT and the benchmark S&P BSE Sensex fell 0.69% to 59,253.9 in volatile trading ahead of the September F&O expiry on Thursday (September 28).
Broader market sentiment was also weighed down by economic uncertainties ahead of a scheduled tightening of U.S. monetary policy and deepening concerns about persistent inflation that have sent U.S. Treasury yields soaring.
Tech stocks dropped about 1.3% and were down for a third straight session, with Tech Mahindra shedding nearly 2% to be the top Nifty 50 loser.
Meanwhile, the rupee crossed the 74.0 level against the dollar, as the greenback was buoyed by rising U.S. yields.
Private banks also extended losses, down 1.1%. ICICI Bank slipped 1.8% to lead losses on the sub-index.
- Copyright Holder: ANI (India)
- Usage Terms/Restrictions: None