{"id":10853,"date":"2021-06-16T10:48:20","date_gmt":"2021-06-16T10:48:20","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2021\/06\/16\/sensex-drops-271-points-nifty-dips-below-15800\/"},"modified":"2021-06-16T10:48:20","modified_gmt":"2021-06-16T10:48:20","slug":"sensex-drops-271-points-nifty-dips-below-15800","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2021\/06\/16\/sensex-drops-271-points-nifty-dips-below-15800\/","title":{"rendered":"Sensex Drops 271 Points; Nifty Dips Below 15,800"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> Indian shares ended Wednesday&#8217;s session lower as oil extended its winning run to breach the $74 per barrel mark and investors remained wary of a  hawkish surprise by the Federal Reserve at the end of a two-day policy meeting later in the day. Global cues were muted, heading into the Fed meeting. <\/p>\n<p>The benchmark 30-share BSE Sensex fell 271.07 points, or 0.51 percent, to 52,501.98, snapping a four-day winning run. The broader NSE Nifty index ended down 101.70 points, or 0.64 percent, at 15,767.55.<\/p>\n<p>Metal stocks came under heavy selling pressure, with JSW Steel, Hindalco and Tata Steel all falling around 3 percent, after China&#8217;s stockpiling body said it would release national reserves of major industrial metals in an effort to rein in surging commodities.<\/p>\n<p>Adani group stocks fell again after it emerged that three Mauritius-based funds that had substantially invested in the Group, were facing some suspension due to a years-old regulatory order. <\/p>\n<p>Adani Green Energy, Adani Transmission, Adani Power, Adani Total Gas, Adani Enterprises and Adani Ports lost 4-8 percent. <\/p>\n<p>LIC Housing Finance slumped 5.4 percent after its fourth-quarter profit fell 5.33 percent due to a sharp rise in impairment on the financial instruments.<\/p>\n<p>Among the top gainers, NTPC, ONGC, Nestle India and Tata Consumer Products rose 1-2 percent. <\/p>\n<p>Infosys shares hit a record high in intraday trading before ending the session modestly higher. <\/p>\n<\/p>\n<p>Market Analysis<\/p>\n<\/div>\n<p><script type=\"text\/javascript\">\n        window.fbAsyncInit = function () {\n            FB.init({\n                status: true,\n                cookie: true,\n                xfbml: true\n            });\n        };\n        (function (d) {\n            var js, id = 'facebook-jssdk'; if (d.getElementById(id)) { return; }\n            js = d.createElement('script'); js.id = id; js.async = true;\n            js.src = \"https:\/\/connect.facebook.net\/en_US\/all.js\";\n            d.getElementsByTagName('head')[0].appendChild(js);\n        }(document));\n    <\/script><br \/>\n<br \/>\n<br \/>Sensex Drops 271 Points; Nifty Dips Below 15,800<\/a><br \/>\n<br \/>2021-06-16 10:48:20<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indian shares ended Wednesday&#8217;s session lower as oil extended its winning run to breach the $74 per barrel mark and investors remained wary of a hawkish surprise by the Federal&#8230;<\/p>\n","protected":false},"author":2,"featured_media":10854,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.unsplash.com\/photo-1535139262971-c51845709a48?ixid=MXwxMjA3fDB8MHxwaG90by1wYWdlfHx8fGVufDB8fHw=&ixlib=rb-1.2.1&auto=format&fit=crop&w=1950&q=80","fifu_image_alt":"","footnotes":""},"categories":[30],"tags":[],"class_list":["post-10853","post","type-post","status-publish","format-standard","has-post-thumbnail","category-asian-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/10853","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=10853"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/10853\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/10854"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=10853"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=10853"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=10853"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}