Hit by the US inflation data, Sensex continued to fall for the second straight and went down by 413 points to close below the 60,000. Nifty on the other hand lost 126 points to end the day below the 17,900 mark.
As auto stocks surged forward with gains for Maruti Suzuki and Eicher Motors, while pharma, IT and real estate were among the losers. The market remained apprehensive after Fitch downgraded India’s GDP growth to 7 per cent for FY23, and the country’s merchandise trade deficit increased to $27.98 billion from $11.71 billion in a year.
Sensex ends the day below 60,000 mark after losing 413 points after Fitch slashes India’s GDP growth
The markets were also apprehensive as the merchandise trade deficit for India widened to $27.98 billion from $11.71 billion.
FPJ Web DeskUpdated: Thursday, September 15, 2022, 03:59 PM IST
The 30 stock S&P BSE Sensex was trading 34.73 points or 0.06 per cent down at 54,857.76 points at 11.36 am, against its previous day's close at 54,892.49 points.
\Representative image | File photo
RECENT STORIES
Shree Cements Bets On Q4 Volume Rebound Of 9–9.5 MT, RMC Network To Jump To 45 Plants
India's Gems & Jewellery Sector Hails Historic US Trade Deal, Zero Tariffs On Diamonds Set To Boost...
Pakistan Faces Twin Risks Of Unrest And Mass Migration As Unemployment Deepens
Karur Vysya Bank Expands Footprint With Inauguration Of 900th Branch In Chennai
Zero-Duty Access For 800–1,600 cc US Motorcycles Under India-US Trade Pact To Boost...
