{"id":19135,"date":"2022-03-02T04:26:20","date_gmt":"2022-03-02T04:26:20","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2022\/03\/02\/sensex-nifty-tumble-amid-global-selloff-3\/"},"modified":"2022-03-02T04:26:20","modified_gmt":"2022-03-02T04:26:20","slug":"sensex-nifty-tumble-amid-global-selloff-3","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2022\/03\/02\/sensex-nifty-tumble-amid-global-selloff-3\/","title":{"rendered":"Sensex, Nifty Tumble Amid Global Selloff"},"content":{"rendered":"<p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> Indian shares tumbled in early trade on Wednesday, given the deteriorating geopolitical situation and the consequent rise in oil prices to their highest since 2014.<\/p>\n<p>Oil prices surged over 7 percent on Tuesday as sanctions on Russian banks following Moscow&#8217;s invasion of Ukraine hampered trade finance for crude shipments. <\/p>\n<p>The benchmark 30-share BSE Sensex slumped 816 points, or 1.5 percent, to 55,430, while the broader NSE Nifty index was down 189 points, or 1.1 percent, at 16,605.<\/p>\n<p>HDFC, Kotak Mahindra Bank, ICICI Bank, Asian Paints and Bajaj Auto plunged 3-4 percent while JSW Steel, Tata Steel, ONGC, Hindalco and Coal India jumped 3-6 percent on the back of higher commodity prices. <\/p>\n<p>Reliance Industries edged up slightly after Reliance Retail acquired a majority stake in designer brand Abrham &amp; Thakore. <\/p>\n<p>Adani Ports and Adani Enterprises rose about 1 percent as the Adani Group announced its foray into media <span class=\"landLinks\">business<\/span>. <\/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, Nifty Tumble Amid Global Selloff<\/a><br \/>\n<br \/>2022-03-02 04:26:20<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indian shares tumbled in early trade on Wednesday, given the deteriorating geopolitical situation and the consequent rise in oil prices to their highest since 2014. Oil prices surged over 7&#8230;<\/p>\n","protected":false},"author":2,"featured_media":19136,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[30],"tags":[],"class_list":["post-19135","post","type-post","status-publish","format-standard","has-post-thumbnail","category-asian-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/19135","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=19135"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/19135\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/19136"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=19135"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=19135"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=19135"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}