4 Reasons Why Indian Share Markets Ended Lower Today

Indian share markets recouped some losses during closing hours but still ended lower, dragged down by Bajaj twins and Reliance Industries and amid a lackluster trend in global markets.

Rising US bond yields hovering at a 13-month peak and a rise in Covid-19 cases hurt investors' sentiments.

The BSE Sensex shed over 900 points intraday and breached the 50,000 mark, while the Nifty also gave up 15,000 levels, down over 200 points.

At the closing bell, the BSE Sensex stood lower by 397 points. Meanwhile, the NSE Nifty ended down by 101 points.

Tech Mahindra was among the top gainers today. Bajaj Finserv, on the other hand, was among the top losers today.

SGX Nifty was trading at 14,950, down by 82 points, at the time of writing.

The BSE Midcap index and the BSE Smallcap index ended down by 0.7% and 0.5%, respectively.

On the sectoral front, energy stocks, finance stocks, and healthcare stocks were among the hardest hit.

Shares of Mindtree and Lakshmi Machine hit their respective 52-week highs today.

Asian share markets ended on a mixed note today. The Nikkei ended higher by 0.2% while the Hang Seng ended higher by 0.2%. The Shanghai Composite shed 1%.

US stock futures are trading higher today indicating a positive opening for Wall Street indices. Nasdaq Futures are trading up by 60 points (up 0.5%), while Dow Futures are trading up by 152 points (up 0.5%).

The rupee is trading at 72.48 against the US$.

Gold prices are trading up by 0.3% at Rs 44,865 per 10 grams.

Here are the Top 4 Factors Why Indian Stock Markets Fell Today

Weak Global Cues: Asian stock markets reversed early gains and dipped while the US and European equity futures were mixed as liquidity concerns weighed on Chinese shares and benchmark Treasury yields traded around a one-year high.

Chinese shares extended declines on concern the nation's economic recovery portends less accommodative monetary policy.

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Disclosure: Equitymaster Agora Research Private Limited (Research Analyst) bearing Registration No. INH000000537 (hereinafter referred as 'Equitymaster') is an independent equity research ...

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