{"id":16120,"date":"2021-11-16T10:59:11","date_gmt":"2021-11-16T10:59:11","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2021\/11\/16\/sensex-drops-396-points-nifty-dips-below-18000\/"},"modified":"2021-11-16T10:59:11","modified_gmt":"2021-11-16T10:59:11","slug":"sensex-drops-396-points-nifty-dips-below-18000","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2021\/11\/16\/sensex-drops-396-points-nifty-dips-below-18000\/","title":{"rendered":"Sensex Drops 396 Points; Nifty Dips Below 18,000"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> Indian shares ended Tuesday&#8217;s session sharply lower, with banking stocks and heavyweight Reliance Industries pacing the declines after a RBI report said that equity market valuations seem stretched by most conventional yardsticks. <\/p>\n<p>The spectacular gains so far this year have raised concerns over overstretched valuations with a number of global financial service firms turning cautious on Indian equities, said the RBI&#8217;s latest monthly bulletin authored by its economists.<\/p>\n<p>The benchmark 30-share S&amp;P BSE Sensex ended the session down 396.34 points, or 0.65 percent, at 60,322.37, while the broader NSE Nifty index dropped 110.25 points, or 0.61 percent, to settle at 17,999.20.<\/p>\n<p>Tata Consumer Products, SBI, Hindalco, Reliance Industries and Shree Cement fell 2-3 percent in the Nifty pack. <\/p>\n<p>Automakers were in favor, with Maruti Suzuki India shares surging as much as 7.3 percent after reports that concerns regarding shortage of semiconductors may be resolved soon. <\/p>\n<p>Hero MotoCorp, Tata Motors and Mahindra &amp; Mahindra rallied 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 Drops 396 Points; Nifty Dips Below 18,000<\/a><br \/>\n<br \/>2021-11-16 10:59:11<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indian shares ended Tuesday&#8217;s session sharply lower, with banking stocks and heavyweight Reliance Industries pacing the declines after a RBI report said that equity market valuations seem stretched by most&#8230;<\/p>\n","protected":false},"author":2,"featured_media":16121,"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-16120","post","type-post","status-publish","format-standard","has-post-thumbnail","category-asian-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/16120","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=16120"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/16120\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/16121"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=16120"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=16120"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=16120"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}