{"id":11992,"date":"2021-07-20T02:49:20","date_gmt":"2021-07-20T02:49:20","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2021\/07\/20\/sensex-nifty-set-to-extend-losses\/"},"modified":"2021-07-20T02:49:20","modified_gmt":"2021-07-20T02:49:20","slug":"sensex-nifty-set-to-extend-losses","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2021\/07\/20\/sensex-nifty-set-to-extend-losses\/","title":{"rendered":"Sensex, Nifty Set To Extend Losses"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> Indian shares look set to extend losses from the previous session on Tuesday as concerns mounted over the resurgence of <span class=\"landLinks\">coronavirus<\/span> cases in many countries. <\/p>\n<p>Geopolitical worries also remain on investors&#8217; radar after the U.S., the U.K. and their allies accused three Chinese state security officials of coordinating a vast hacking campaign to steal sensitive and secret information from government entities, universities and corporations around the world.<\/p>\n<p>On the earnings front, HCL Technologies reported an 8.5 percent sequential rise in consolidated net profit for the June quarter, while ACC reported an over two-fold jump in quarterly consolidated net profit.<\/p>\n<p>Adani Group companies could be in focus today after the government said market regulator SEBI and customs authorities are investigating some group companies for non-compliance of rules.<\/p>\n<p>Benchmark indexes Sensex and the Nifty fell more than 1 percent each on Monday, while the rupee ended down 0.4 percent at 74.87\/88 against the dollar, marking its biggest single-day fall since June 17.<\/p>\n<p>Asian <span class=\"landLinks\">markets<\/span> were moving lower this morning while the dollar held gains and ten-year yields climbed back above 1.2 percent amid signs the impact of global commodity inflation was gradually broadening. <\/p>\n<p>U.S. President Joe Biden on Monday said an increase in inflation was expected to be temporary and he expects the Federal Reserve to take action if needed.<\/p>\n<p>Oil stabilized in Asian trading after plunging around 7 percent in the previous session on news of an OPEC+ deal to boost supply into 2022. Bitcoin traded just above the closely watched $30,000 level.<\/p>\n<p>U.S. stocks tumbled overnight to reach their lowest closing levels in almost a month as new COVID-19 cases continued to surge, oil prices plummeted on oversupply fears and data showed an unexpected dip in homebuilder confidence. <\/p>\n<p>The Dow plunged 2.1 percent, the tech-heavy Nasdaq Composite lost 1.1 percent and the S&amp;P 500 shed 1.6 percent. <\/p>\n<p>European stocks also fell sharply on Monday amid mounting concerns about the rapidly surging delta variant of the coronavirus in several countries across Europe Asia and the U.S. <\/p>\n<p>The pan European Stoxx declined 2.3 percent. The German DAX lost 2.6 percent, France&#8217;s CAC 40 index slumped 2.5 percent and the U.K.&#8217;s FTSE 100 gave up 2.3 percent. <\/p>\n<\/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, Nifty Set To Extend Losses<\/a><br \/>\n<br \/>2021-07-20 02:49:20<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indian shares look set to extend losses from the previous session on Tuesday as concerns mounted over the resurgence of coronavirus cases in many countries. Geopolitical worries also remain on&#8230;<\/p>\n","protected":false},"author":2,"featured_media":11993,"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-11992","post","type-post","status-publish","format-standard","has-post-thumbnail","category-asian-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/11992","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=11992"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/11992\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/11993"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=11992"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=11992"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=11992"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}