MARKET UPDATE: Weak global cues drag Sensex lower. All sectoral indices in red
Published On: Wednesday, July 28, 2021 | By: Team KnowMyStock
Bears tightened their grip on the Indian markets as nervousness in the global markets amid China's tech crackdown and ahead of the US Federal Reserve nudged investors to book profits. The frontline S&P BSE Sensex declined 515 points to trade at 52,067 levels. The Nifty50, on the other hand, gave up 15,600-mark and was at 15,592, down 154 points. Broader indices fell in line with the benchmarks as well. Globally, most Asian indices tracked a weak Wall Street finish to open in the red. Japan's Topix index fell 0.5 percent and Australia’s S&P/ASX 200 lost 0.1 percent although Hong Kong's Hang Seng was up 1.45 percent.
More than sixty companies, including Maruti Suzuki India, Nestle India, Birlasoft, Central Bank of India, Geojit Financial Services, Route Mobile, Tata Coffee, TCI Express, United Breweries, and UTI Asset Management Company will release their quarterly numbers later today.
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