{"id":17606,"date":"2022-01-18T10:29:25","date_gmt":"2022-01-18T10:29:25","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2022\/01\/18\/sensex-drops-554-points-nifty-nears-18100\/"},"modified":"2022-01-18T10:29:25","modified_gmt":"2022-01-18T10:29:25","slug":"sensex-drops-554-points-nifty-nears-18100","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2022\/01\/18\/sensex-drops-554-points-nifty-nears-18100\/","title":{"rendered":"Sensex Drops 554 Points; Nifty Nears 18,100"},"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 fell sharply on Tuesday as the dollar&#8217;s gains in international <span class=\"landLinks\">markets<\/span> and higher U.S. Treasury yields spurred risk aversion. <\/p>\n<p>Two-year yields, which track short-term rate expectations, crossed 1 percent for the first time since February 2020, reflecting expectations for a Fed policy rate hike as soon as March.<\/p>\n<p>Treasuries dropped across the curve, pushing two-year and 10-year yields up to levels last seen before the pandemic roiled markets.<\/p>\n<p>Markets also awaited a press conference by Finance Minister Nirmala Sitharaman at 4:30 pm on an &#8220;important economic issue&#8221;.<\/p>\n<p>The benchmark 30-share S&amp;P BSE Sensex ended at 60,754.86, down 554.05 points or 0.90 percent from its previous close, while the broader NSE Nifty index settled at 18,113.05, down 195.05 points or 1.07 percent.<\/p>\n<p>Grasim, Eicher Motors, UltraTech, Tata Consumer Products and Maruti Suzuki India all fell around 4 percent while Axis Bank topped the gainers list to close 1.8 percent higher after reports the private sector lender is closing in on Citi India&#8217;s consumer unit. <\/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 Drops 554 Points; Nifty Nears 18,100<\/a><br \/>\n<br \/>2022-01-18 10:29:25<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indian shares fell sharply on Tuesday as the dollar&#8217;s gains in international markets and higher U.S. Treasury yields spurred risk aversion. Two-year yields, which track short-term rate expectations, crossed 1&#8230;<\/p>\n","protected":false},"author":2,"featured_media":17607,"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-17606","post","type-post","status-publish","format-standard","has-post-thumbnail","category-asian-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/17606","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=17606"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/17606\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/17607"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=17606"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=17606"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=17606"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}