Monday, June 6, 2022
The Indian key benchmark indices held minor cuts in today's(6 June 2022) session tracking weakness in global markets as investors raised bets of steeper rate hikes by the US Fed, following positive unemployment data on Friday.
In early deals, the BSE Sensex was down 300 points to 55,438, and the NSE Nifty50 slipped 90 points to 16,500.
IT stocks led losses on the Sensex with Wipro, Tech M, Infosys, TCS, and HCL Tech dropping 1-2 percent. Bajaj twins, HUL, and Asian Paints were the other notable laggards.
The broader markets also opened in the red. The BSE MidCap and SmallCap indices were up to 0.2 percent lower.
Sectorally, Nifty IT, Media, Metals, PSBs, and Realty indices suffered the maximum losses, each down over 1 percent. Other pockets were also in red.
