Sensex plunges 500 pts; Nifty ends below 16,100; IT, metals, auto dip.
Stocks to Watch: HCL Tech, Axis Bank, Shilpa Medicare, Mindtree, Delta Corp .
Petrol, diesel prices today: Fuel rates remain steady for nearly two months .
Indices open higher tracking Asia markets; HCL Tech in focus .
HCL retains revenue guidance, net up 2.4%.
IIP data: Industrial activity zooms to 19.6% in May vs 7.1% in April .
Gold prices today fall to 9-month lows, silver rates drop.
US President Biden to hold four-way virtual summit with Israel, UAE and India.
Sensex plunges 500 pts; Nifty ends below 16,100; IT, metals, auto dip
Indian indices fell on Tuesday tracking weak global markets. Most sectors ended weak with auto, IT, FMCG and metal stocks being the biggest laggards. HCL Tech remained under pressure today ahead of its June quarter earnings
Indian benchmark indices Sensex and Nifty slipped nearly 1% on Tuesday amid weak global cues. Asian markets and US equity futures fell today amid high inflation and as China struggles with Covid. Markets await HCL Tech earnings report and inflation data for clues on the scale of monetary tightening by central banks.
Asian markets weak, US Futures down
Stocks and US equity futures fell Tuesday as the dollar and sovereign bonds rose, a pattern highlighting pervasive unease about the economic outlook amid high inflation and China’s struggles with Covid.
An Asian share index was dragged lower by the technology sector as well as weakness in Japan and Hong Kong, while China was mixed. S&P 500, Nasdaq 100 and European contracts shed about 0.5% after a Wall Street slide Monday.
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