{"id":11098,"date":"2021-06-23T10:48:46","date_gmt":"2021-06-23T10:48:46","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2021\/06\/23\/sensex-ends-283-points-lower-nifty-dips-below-15700\/"},"modified":"2021-06-23T10:48:46","modified_gmt":"2021-06-23T10:48:46","slug":"sensex-ends-283-points-lower-nifty-dips-below-15700","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2021\/06\/23\/sensex-ends-283-points-lower-nifty-dips-below-15700\/","title":{"rendered":"Sensex Ends 283 Points Lower; Nifty Dips Below 15,700"},"content":{"rendered":"<p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> Indian shares gave up early gains to end lower on Wednesday despite positive global cues. <\/p>\n<p>Markets gave up initial gains as Moody&#8217;s Investors Service cut India&#8217;s growth forecast for 2021 calendar year to 9.6 percent from 13.9 per cent estimated earlier, saying the second wave of COVID-19 infections hit India&#8217;s <span class=\"landLinks\">economy<\/span> in April and May.<\/p>\n<p>The benchmark 30-share BSE Sensex reached an intraday high of 52,912 before reversing direction to end the session down 282.63 points, or 0.54 percent, at 52,306.08.<\/p>\n<p>The broader NSE Nifty index fell 85.80 points, or 0.54 percent, to settle at 15,686.95.<\/p>\n<p>Adani Group stocks came under selling pressure, with Adani Ports tumbling 3.3 percent after Norwegian pension fund KLP decided to divest from its Myanmar project.<\/p>\n<p>Wipro lost 2.9 percent, while JSW Steel, Shree Cement and Divis Laboratories all fell over 1 percent. <\/p>\n<p>Reliance Industries dropped 0.8 percent ahead of its annual general meeting on Thursday.<\/p>\n<p>Automakers advanced, with Maruti Suzuki rallying 2.3 percent to extend Tuesday&#8217;s gains. <\/p>\n<p>Mahindra &amp; Mahindra, Bajaj FinServ and Titan Company all rose more than 1 percent.<\/p>\n<p>Hero MotoCorp added 0.8 percent after announcing it will raise prices of motorcycles and scooters from July 1, 2021.<\/p>\n<p>IDBI Bank jumped 2.1 percent on stake sale 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 Ends 283 Points Lower; Nifty Dips Below 15,700<\/a><br \/>\n<br \/>2021-06-23 10:48:46<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indian shares gave up early gains to end lower on Wednesday despite positive global cues. Markets gave up initial gains as Moody&#8217;s Investors Service cut India&#8217;s growth forecast for 2021&#8230;<\/p>\n","protected":false},"author":2,"featured_media":11099,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[30],"tags":[],"class_list":["post-11098","post","type-post","status-publish","format-standard","has-post-thumbnail","category-asian-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/11098","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=11098"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/11098\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/11099"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=11098"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=11098"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=11098"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}