Sensex Snaps 5-Day Rally, Down 59 Points to End at 37,872, Nifty Settles at 11,133
The Indian stock market opened in the red tracking mixed cues from the global market. The Sensex was trading flat at 37,893, down 37 points. NSE Nifty at 11,146 at 10:30 am on Wednesday.
Mumbai, July 22: The Indian stock market opened in the red tracking mixed cues from the global market. The indices remained choppy throughout the day and ended flat on Wednesday after snapping a 5-day rally. The Sensex ended 59 points down at 37,872. NSE Nifty, on the other hand, settled at 11,133. On Tuesday, BSE closed at 37,930, up 511 points. Similarly, the Nifty rose 140 points to end at 11,162.
Talking about the global markets, the US stocks gained on stimulus hopes which will help to sustain the US economic recovery from the pandemic induced recession. The Dow Jones Industrial Average rose 159 points, or 0.6 percent, to 26,840, the S&P500 index gained 5.46 points, or 0.17 per cent, to 3,257.3 and the Nasdaq Composite index dropped 86.73 points, or 0.81 per cent, to 10,680. India’s COVID-19 Tally Inches Closer to 12 Lakh-Mark With 37,724 New Cases in Past 24 Hours, Death Toll Rises to 28,732.
The Tokyo stocks, however, opened lower on Wednesday with investors growing cautious over a higher yen and ahead of a four-day holiday weekend in Japan. On the other hand, the coronavirus numbers have been increasing at an alarming rate in India. The total count inched closer to 12 lakh mark on Wednesday with 37,724 new cases and 648 deaths in the past 24 hours. Over the past five days, markets rallied, despite the rising COVID-19 cases.
(The above story first appeared on LatestLY on Jul 22, 2020 03:56 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).