Closing Bell: Sensex tumbled 554 points to end the day at 60,755 and Nifty closed at 18,113, down 195 points
Published On: Tuesday, January 18, 2022 | By: Team KnowMyStock
Equity markets turned sharply lower in the fag-end of the session as weak global cues gave ammunition to the bears on Dalal Street. The 10-year US Treasury yield jumped to its highest point in two years, topping 1.83 percent. The yield on the Indian 10-year bond, however, was down 0.2 percent at 6.6 percent. Nonetheless, the move indicates that global investors are preparing for the possibility of more aggressive tightening by the Federal Reserve. Meanwhile, in the commodity market, international benchmark Brent crude futures rose 1.6 percent to $87.89 a barrel, while US West Texas Intermediate futures jumped more than 2 percent to hit $85.56. Both oil contracts notched their highest level since October 2014.
In these circumstances, futures tied to the Dow Jones Industrial Average slipped by 292 points or 0.81 percent. S&P 500 futures fell 1.19 percent, and Nasdaq 100 futures declined 2 percent. In Europe, key indices fell over 1 percent each.
Back home, the BSE Sensex index tumbled 554 points, or 0.9 percent, to end the day at 60,755. The NSE Nifty50, on the other hand, closed at 18,113, down 195 points or 1 percent.In the intra-day trade, the indices hit a low of 60,662 and 18,086, respectively.
We are on Telegram!
JOIN our telegram channel to receive updates on Financial News and Stock and FNO Tips.
Click Here!
Follow Us On:
