{"id":14710,"date":"2021-10-06T11:23:38","date_gmt":"2021-10-06T11:23:38","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2021\/10\/06\/sensex-nifty-tumble-amid-global-selloff-2\/"},"modified":"2021-10-06T11:23:38","modified_gmt":"2021-10-06T11:23:38","slug":"sensex-nifty-tumble-amid-global-selloff-2","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2021\/10\/06\/sensex-nifty-tumble-amid-global-selloff-2\/","title":{"rendered":"Sensex, Nifty Tumble Amid Global Selloff"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> Indian shares ended sharply lower on Wednesday, tracking weakness across Asia and Europe. Oil prices hit their highest level in seven years, fueling concerns about inflation and higher interest rates. <\/p>\n<p>Earlier today, New Zealand&#8217;s central bank hiked interest rates for the first time in seven years and signaled further tightening so as to maintain low inflation and support maximum sustainable employment.<\/p>\n<p>In Europe, the Romania central bank hiked rates on Tuesday and Poland is expected to follow suit on Thursday.<\/p>\n<p>The U.S. nonfarm payrolls data due later this week is seen as crucial in influencing the timing of the start of winding down the Fed&#8217;s QE program.<\/p>\n<p>Closer home, the benchmark 30-share BSE Sensex ended the session down 555.15 points, or 0.93 percent, at 59,189.73, snapping a two-day winning streak. <\/p>\n<p>The broader NSE Nifty index dropped 176.30 points, or 0.99 percent, to finish at 17,646.<\/p>\n<p>Financials and commodity-related stocks led losses, with JSW Steel, Tata Steel, IndusInd Bank, SBI Life and Hindalco losing 3-4 percent.<\/p>\n<p>On the positive side, ONGC rose 2.2 percent to extend gains from the previous session as oil prices hit multi-year highs. <\/p>\n<p>Tata Consumer Products gained 2.5 percent while HDFC Bank, Britannia Industries and UPL all ended up more than 1 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 Tumble Amid Global Selloff<\/a><br \/>\n<br \/>2021-10-06 11:23:38<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indian shares ended sharply lower on Wednesday, tracking weakness across Asia and Europe. Oil prices hit their highest level in seven years, fueling concerns about inflation and higher interest rates&#8230;.<\/p>\n","protected":false},"author":2,"featured_media":14711,"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-14710","post","type-post","status-publish","format-standard","has-post-thumbnail","category-asian-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/14710","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=14710"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/14710\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/14711"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=14710"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=14710"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=14710"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}