Sensex slips 150 pts, Nifty below 16,500 amid weak global cues.
Stocks to Watch: NHPC, Reliance, YES Bank, Eicher Motors.
Sensex trades flat, Nifty below 16,500 in pre-open amid weak cues .
Bitcoin closes down 5.2% at $30,121.82.
Asian shares fall on inflation, recession concerns .
NHPC eyes ₹2,000 cr revenue in FY23 under monetization pipeline.
ICICI HFC offers up to 7.25% interest rate on AAA rated fixed deposit .
ICICI Bank, Punjab National Bank, HDFC raise lending rates .
HDFC, PNB raise lending rates from today, home loan EMIs to go up.
Sensex slips 150 pts, Nifty below 16,500 amid weak global cues
Benchmark Indian indices may open lower on Thursday. The SGX Nifty was trading up 0.68% at 07:40 AM. On Wednesday, the Sensex lost 185.24 points, or 0.33%, to close at 55,381.17, while Nifty50 declined 61.80 points to end at 16,522.75.
Indian indices may witness a negative start on Thursday amid weak Asian cues. On Wednesday, the market closed lower amid volatility with heavy losses in IT, realty, power and pharma sectors. Globally, Wall Street indices fell in overnight session and the US dollar advanced after stronger-than-expected economic data failed to address investor concerns of high inflation and impending recession driven by rising oil prices. In Asia, indices opened weak tracking losses on Wall Street. Shares declined in Japan, South Korea, Hong Kong, Australia, and Shanghai.
Asian shares fall on inflation, recession concerns -
Asian share markets fell on Thursday on widespread investor worries over high inflation and the threat of recession, while oil prices slumped following a report of reassurances from Saudi Arabia over production.
Global benchmark Brent crude was last down more than 2% a barrel at $113.86 ahead of a meeting of oil producing countries later in the day, which is expected to pave the way for output increases.
U.S. crude also dipped more than 2% to $112.55 per barrel.
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