Sensex Down 100 points, Nifty down 16,950; Metal Stocks Drag

Last updated time: 16 March 2023, 09:27 IST

Sensex today: Domestic markets opened Thursday’s trade on a cool note amid mixed global cues. The benchmark Nifty50 settled below 16,950, while the S&P BSE Sensex fell 100 points to 57,432.

The broader markets also fell as the Nifty Midcap 100 and Nifty Smallcap 100 indices fell as much as 0.3 percent. The India VIX volatility index rose above 1 percent.

Sector-wise, Nifty Pharma and Nifty FMCG indices traded in positive territory, while others remained subdued in trade.

Global symbols

Globally, US markets were mixed overnight, with the Dow Jones and S&P 500 down as much as 0.8 percent. The NASDAQ Composite, meanwhile, closed flat.

Asian stocks fell on Thursday, with investors buying gold, bonds and the dollar as fears of a banking crisis reignited with fresh challenges at Credit Suisse, leaving markets jittery ahead of the European Central Bank’s midday meeting.

Tokyo stocks fell sharply on Thursday as jitters over capital and liquidity levels at Credit Suisse fueled investor fears about the health of the banking sector. The benchmark Nikkei 225 was down 1.65 percent, or 449.80 points, at 26,779.68 in early trade. the broader Topix index lost 1.59 percent, or 31.21 points, to 1,928.91.

Brent Crude and WTI Crude oil prices rose 0.3 percent to $73 a barrel and $67 a barrel in the commodity market.

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