{"id":17642,"date":"2022-01-19T10:51:14","date_gmt":"2022-01-19T10:51:14","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2022\/01\/19\/sensex-drops-656-points-amid-global-selloff-nifty-dips-below-17950\/"},"modified":"2022-01-19T10:51:14","modified_gmt":"2022-01-19T10:51:14","slug":"sensex-drops-656-points-amid-global-selloff-nifty-dips-below-17950","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2022\/01\/19\/sensex-drops-656-points-amid-global-selloff-nifty-dips-below-17950\/","title":{"rendered":"Sensex Drops 656 Points Amid Global Selloff; Nifty Dips Below 17,950"},"content":{"rendered":"<p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> Indian shares followed global peers lower on Wednesday, as a surge in crude prices and a further hardening of U.S. Treasury yields stoked inflationary concerns and added to fears of earlier-than-expected Fed rate hikes.<\/p>\n<p>The benchmark 30-share S&amp;P BSE Sensex hit as low 59,949.22 before ending the session down 656.04 points, or 1.08 percent, at 60,098.82, dragged down IT and financial stocks. <\/p>\n<p>The broader Nifty index closed down 174.65 points, or 0.96 percent, at 17,938.40 after a global <span class=\"landLinks\">technology<\/span> sell-off overnight.<\/p>\n<p>Hindustan Unilever, Adani Ports, Asian Paints, Shree Cement and Infosys fell 2-3 percent in the Nifty pack, while ONGC jumped 3.5 percent as oil prices rose for a fourth day to a seven-year high in international <span class=\"landLinks\">markets<\/span>, thanks to a pipeline outage and geopolitical troubles in Russia as well as the United Arab Emirates.<\/p>\n<p>Maruti Suzuki India, Coal India, UPL and Tata Motors all rose about 2 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 656 Points Amid Global Selloff; Nifty Dips Below 17,950<\/a><br \/>\n<br \/>2022-01-19 10:51:14<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indian shares followed global peers lower on Wednesday, as a surge in crude prices and a further hardening of U.S. Treasury yields stoked inflationary concerns and added to fears of&#8230;<\/p>\n","protected":false},"author":2,"featured_media":17643,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[30],"tags":[],"class_list":["post-17642","post","type-post","status-publish","format-standard","has-post-thumbnail","category-asian-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/17642","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=17642"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/17642\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/17643"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=17642"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=17642"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=17642"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}