In Indian markets, benchmark indices followed the losses in global markets and edged lower in early deals today(17th June 2021) amid the US Federal Reserve's indication that it could begin raising interest rates in 2023.
The S&P BSE Sensex fell 210 points to 52,290 and the broader Nifty50 index traded below the 15,700-mark. HDFC Bank, HDFC, Axis Bank, and Kotak Mahindra Bank fell 1 percent, each, and were the top Sensex laggards.
All the Nifty sectoral indices were trading in the red, with the Nifty Metal index, down 1.5 percent, bleeding the most.
In the broader markets, the S&P BSE MidCap index fell 0.6 percent, while the SmallCap index was flat.
Thirty-three companies, including Power Grid Corporation, Natco Pharma, Jammu & Kashmir Bank, DB Corp, and Khadim India are scheduled to release their quarterly earnings today.
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