{"id":18183,"date":"2022-02-03T10:53:54","date_gmt":"2022-02-03T10:53:54","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2022\/02\/03\/sensex-plunges-770-points-nifty-dips-below-17600\/"},"modified":"2022-02-03T10:53:54","modified_gmt":"2022-02-03T10:53:54","slug":"sensex-plunges-770-points-nifty-dips-below-17600","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2022\/02\/03\/sensex-plunges-770-points-nifty-dips-below-17600\/","title":{"rendered":"Sensex Plunges 770 Points; Nifty Dips Below 17,600"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> Indian shares fell sharply on Thursday, tracking weak global <span class=\"landLinks\">markets<\/span> after Meta, which owns Facebook, Instagram and WhatsApp, missed on Wall Street earnings estimates and posted a weaker-than-expected forecast.<\/p>\n<p>Shares of Meta dropped by more than 20 percent in after-hours trading on Wednesday, knocking almost US$200 billion (NZ$295b) off its valuation.<\/p>\n<p>Investors also awaited the ECB and BoE meetings as well as U.S. January employment data, due out Friday, for more clues on the inflation and interest-rate outlook.<\/p>\n<p>Closer home,  India&#8217;s service sector expanded at the slowest pace in the current six-month sequence of growth amid the escalation of the Covid-19 pandemic, survey results from IHS Markit showed earlier today. <\/p>\n<p>The services Purchasing Managers&#8217; Index fell to 51.5 in January from 55.5 in December. <\/p>\n<p>The benchmark 30-share S&amp;P BSE Sensex ended the session down 770.31 points, or 1.29 percent, at 58,788.02, snapping a three-day strong budget rally. <\/p>\n<p>The broader NSE Nifty index fell 219.80 points, or 1.24 percent, to 17,560.20,   dragged down by financials and <span class=\"landLinks\">technology<\/span> stocks. <\/p>\n<p>Automakers Maruti Suzuki, Bajaj Auto and Hero MotoCorp gained 1-2 percent after the release of better-than-expected sales figures for the month of January. <\/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 Plunges 770 Points; Nifty Dips Below 17,600<\/a><br \/>\n<br \/>2022-02-03 10:53:54<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indian shares fell sharply on Thursday, tracking weak global markets after Meta, which owns Facebook, Instagram and WhatsApp, missed on Wall Street earnings estimates and posted a weaker-than-expected forecast. Shares&#8230;<\/p>\n","protected":false},"author":2,"featured_media":18184,"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-18183","post","type-post","status-publish","format-standard","has-post-thumbnail","category-asian-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/18183","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=18183"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/18183\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/18184"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=18183"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=18183"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=18183"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}