{"id":11008,"date":"2021-06-21T04:29:11","date_gmt":"2021-06-21T04:29:11","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2021\/06\/21\/sensex-drops-420-points-on-global-cues-nifty-dips-below-15600\/"},"modified":"2021-06-21T04:29:11","modified_gmt":"2021-06-21T04:29:11","slug":"sensex-drops-420-points-on-global-cues-nifty-dips-below-15600","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2021\/06\/21\/sensex-drops-420-points-on-global-cues-nifty-dips-below-15600\/","title":{"rendered":"Sensex Drops 420 Points On Global Cues; Nifty Dips Below 15,600"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> Indian shares opened notably lower on Monday, mirroring weak global <span class=\"landLinks\">markets<\/span> after St. Louis Federal Reserve President Jim Bullard offered a fresh dose of hawkishness, saying he sees an initial interest rate increase happening in 2022.<\/p>\n<p>The benchmark 30-share BSE Sensex dropped 420 points, or 0.8 percent, to 51,925 in early trade, while the broader NSE Nifty index was down 112 points, or 0.7 percent, at 15,572.<\/p>\n<p>Among the prominent decliners, Mahindra &amp; Mahindra, Wipro, Hindalco, Tata Motors and UPL fell 2-3 percent. <\/p>\n<p>Zee Entertainment Enterprises dropped 1.6 percent. The company and Viacom18 Media Pvt. Ltd are in initial talks for a potential merger.<\/p>\n<p>PNB Housing slumped 5 percent. The company has moved the Securities Appellate Tribunal challenging the SEBI directive related to the valuation procedure of its Rs 4,000 crore deal with a consortium led by private equity giant Carlyle.<\/p>\n<p>NTPC advanced 2.8 percent on reporting a three-fold jump in Q4 profit. <\/p>\n<p>SAIL shed half a percent. The company has postponed its plans to begin commercial production of head hardened (HH) rails at its Bhilai Steel Plant in Chhattisgarh.<\/p>\n<p>Adani Power lost about 5 percent after it emerged as the successful bidder to acquire the 1,200 megawatt (MW) Essar Power&#8217;s Mahan Project.<\/p>\n<p>HDFC Bank was down nearly 1 percent. The private sector bank is buying over 3.55 crore shares in group firm HDFC ERGO General Insurance Company for over Rs.1, 906 crore from HDFC.<\/p>\n<p>ICICI Bank gave up 1.4 percent. S&amp;P Global Ratings has revised its rating outlook on the bank to stable from negative. <\/p>\n<p>BPCL edged up slightly on disinvestment-related reports. <\/p>\n<p>Vodafone Idea fell 1 percent on fund raising reports. <\/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 420 Points On Global Cues; Nifty Dips Below 15,600<\/a><br \/>\n<br \/>2021-06-21 04:29:11<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indian shares opened notably lower on Monday, mirroring weak global markets after St. Louis Federal Reserve President Jim Bullard offered a fresh dose of hawkishness, saying he sees an initial&#8230;<\/p>\n","protected":false},"author":2,"featured_media":11009,"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-11008","post","type-post","status-publish","format-standard","has-post-thumbnail","category-asian-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/11008","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=11008"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/11008\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/11009"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=11008"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=11008"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=11008"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}