{"id":11589,"date":"2021-07-08T11:26:27","date_gmt":"2021-07-08T11:26:27","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2021\/07\/08\/sensex-nifty-plunge-amid-global-selloff\/"},"modified":"2021-07-08T11:26:27","modified_gmt":"2021-07-08T11:26:27","slug":"sensex-nifty-plunge-amid-global-selloff","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2021\/07\/08\/sensex-nifty-plunge-amid-global-selloff\/","title":{"rendered":"Sensex, Nifty Plunge Amid Global Selloff"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"divBody\">\n<div id=\"ctl00_CPI_dvBody\">\n<p> Indian shares tumbled on Thursday, mirroring weak cues from Asia and Europe after the minutes from the Fed&#8217;s June meeting showed the central bank generally expects elevated inflation for the remainder of this year.<\/p>\n<p>The minutes reflected a divided Fed wrestling with new inflation risks but still relatively high unemployment.<\/p>\n<p>Rising COVID-10 cases in parts of the world, concerns about tighter regulation on <span class=\"landLinks\">technology<\/span> companies in China and signs of policy easing to aid the Chinese <span class=\"landLinks\">economy<\/span> also added fuel to concerns over slowing growth. <\/p>\n<p>The benchmark 30-share BSE Sensex ended the session down 485.82 points, or 0.92 percent, at 52,568.94, while the broader NSE Nifty index dropped 151.75 points, or 0.96 percent, to 15,727.90.<\/p>\n<p>ONGC, Tata Steel, Hindalco, JSW Steel and Tata Motors lost 2-3 percent, while SBI Life and Tech Mahindra rose about 1 percent each. TCS ended 0.7 percent lower ahead of its earnings release. <\/p>\n<\/p>\n<p>Market Analysis<\/p>\n<\/div><\/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, Nifty Plunge Amid Global Selloff<\/a><br \/>\n<br \/>2021-07-08 11:26:27<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indian shares tumbled on Thursday, mirroring weak cues from Asia and Europe after the minutes from the Fed&#8217;s June meeting showed the central bank generally expects elevated inflation for the&#8230;<\/p>\n","protected":false},"author":2,"featured_media":11590,"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-11589","post","type-post","status-publish","format-standard","has-post-thumbnail","category-asian-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/11589","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=11589"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/11589\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/11590"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=11589"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=11589"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=11589"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}