MARKET UPDATE: Sensex shed around 1,000 points, while Nifty fell below the 15,900-level
Published On: Thursday, May 12, 2022 | By: Team KnowMyStock
The Indian key benchmark indices opened with sharp cuts today(12 May 2022) and extended losses in early deals as global markets fell on high US inflation data for April which has further dented the investors' confidence. The BSE Sensex shed around 1,000 points, while the NSE Nifty fell below the 15,900-level.
In the broader markets, the BSE MidCap and SmallCap indices were also weak, falling around 2 per cent each. The overall market breadth was also in favour of the bears in the 4:1 ratio.
Sectorally, PSB index on the Nifty was the worst hit, falling over 3 per cent. All other pockets also suffered steep losses, with Auto, Metals, Consumer Durables, and Realty, down up to 2.7 per cent. IT stocks, however, were seen bucking the trend.
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