{"id":12002,"date":"2021-07-20T11:02:49","date_gmt":"2021-07-20T11:02:49","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2021\/07\/20\/sensex-drops-355-points-nifty-settles-below-15650\/"},"modified":"2021-07-20T11:02:49","modified_gmt":"2021-07-20T11:02:49","slug":"sensex-drops-355-points-nifty-settles-below-15650","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2021\/07\/20\/sensex-drops-355-points-nifty-settles-below-15650\/","title":{"rendered":"Sensex Drops 355 Points, Nifty Settles Below 15,650"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> Indian shares fell for the third day running on Tuesday amid a sell-off in global <span class=\"landLinks\">markets<\/span> sparked by a surge in Delta variant coronavirus cases worldwide. <\/p>\n<p>It is feared that further lockdowns and tougher travel restrictions due to the fast-spreading Delta variant of the <span class=\"landLinks\">coronavirus<\/span> could upend global economic recovery. <\/p>\n<p>The benchmark 30-share BSE Sensex dropped 354.89 points, or 0.68 percent, to 52,198.51 while the broader NSE Nifty index ended the session down 120.30 points, or 0.76 percent, at 15,632.10.<\/p>\n<p>The rupee reversed early losses to close 27 paise higher at 74.61 (provisional) amid a weaker U.S. dollar and falling U.S. yields. <\/p>\n<p>Metal stocks came under selling pressure, with Tata Steel and Hindalco losing 3-4 percent.<\/p>\n<p>Among other prominent decliners, Bharti Airtel, NTPC and IndusInd Bank lost 2-3 percent. <\/p>\n<p>Shares of Adani Group companies fell broadly after the government said market regulator SEBI and customs authorities are investigating some group companies for non-compliance of rules. <\/p>\n<p>Adani Enterprises shed 1.6 percent, Adani Green Energy lost 4 percent and Adani Transmission slumped 5 percent. <\/p>\n<p>Private sector lender HDFC Bank dropped 1.8 percent to extend losses for a second day on reporting weak Q1 numbers. <\/p>\n<p>IT services company HCL Technologies fell 2.3 percent after its quarterly revenue missed analysts&#8217; expectations.<\/p>\n<p>On the positive side, Asian Paints soared 5.5 percent after its Q1 profit soared 161 percent year-on-year.<\/p>\n<p>UltraTech Cement advanced 1.8 percent and Hindustan Unilever rose about 1 percent. <\/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 355 Points, Nifty Settles Below 15,650<\/a><br \/>\n<br \/>2021-07-20 11:02:49<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indian shares fell for the third day running on Tuesday amid a sell-off in global markets sparked by a surge in Delta variant coronavirus cases worldwide. It is feared that&#8230;<\/p>\n","protected":false},"author":2,"featured_media":12003,"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-12002","post","type-post","status-publish","format-standard","has-post-thumbnail","category-asian-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/12002","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=12002"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/12002\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/12003"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=12002"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=12002"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=12002"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}