MARKET UPDATE:Sensex down 295 points at 57,821 levels,while the Nifty down 79 points at 17,250


Published On: Wednesday, December 15, 2021 | By:

MARKET UPDATE:Sensex down 295 points at 57,821 levels,while the Nifty down 79 points at 17,250

Worries ahead of the US Fed outcome and increasing warning calls by the WHO against the Omicron coronavirus variant are keeping investors on the sidelines. After starting with mild gains, the benchmark indices quickly slipped into the negative zone today(15th Dec.2021). The BSE Sensex was down 295 points at 57,821 levels, while the Nifty50 was down 79 points at 17,250. All sectors, barring the metal index, were in the red. The Fed is the first among the four major global central banks, set to meet this week, to discuss whether to guard against inflation and end the current era of low-interest rates and central bank asset purchases or sit tight given the economic threat posed by the new variant. Against this backdrop, the BSE Sensex started at 58,144 level, up 27 points. The NSE Nifty, too, was little changed at 17,335.25, up 10 points.M&M (up 2 percent) was the top Sensex gainer, followed by ITC (1 percent), Axis Bank, Power Grid, NTPC, and HDFC Bank.

On the downside, Bajaj Finance was the worst hit Sensex counter for a third straight day. Dr Reddy's Labs, TCS, Tech M, Infosys, and HCL Tech were the other Sensex laggards.

In the broader markets, the BSE MidCap and SmallCap indices were up 0.24 per cent and 0.48 per cent, respectively.Individually, Paytm shares tumbled over 11 per cent as the anchor lock-in period ended today.Trent shares, on the other hand, were up 4 per cent as the company plans to reclaim ground in the beauty business it exited 23 years ago.

Sectorally, the Nifty IT index dipped 1.2 per cent, followed by the Nifty Pharma index (down 0.7 per cent). The Nifty Bank and Auto indices were up around 0.2 per cent each.


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