{"id":22647,"date":"2022-06-10T04:14:45","date_gmt":"2022-06-10T04:14:45","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2022\/06\/10\/sensex-down-over-700-points-nifty-dips-below-16300\/"},"modified":"2022-06-10T04:14:45","modified_gmt":"2022-06-10T04:14:45","slug":"sensex-down-over-700-points-nifty-dips-below-16300","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2022\/06\/10\/sensex-down-over-700-points-nifty-dips-below-16300\/","title":{"rendered":"Sensex Down Over 700 Points; Nifty Dips Below 16,300"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> Indian shares opened sharply lower on Friday, mirroring weak global cues as investors awaited the release of all-important U.S. inflation data later in the day for clues on whether the Fed will continue its aggressive tightening in the second half of the year.<\/p>\n<p>Sentiment was also weighed down by elevated crude oil prices and persistent capital outflows. <\/p>\n<p>The benchmark S&amp;P BSE Sensex tumbled 730 points, or 1.3 percent, to 54,589 in early trade, while the broader NSE Nifty index was down 204 points, or 1.2 percent, at 16,274.<\/p>\n<p>Metal, financial and IT stocks led losses, with Hindalco, Kotak Mahindra Bank, Tech Mahindra, Bajaj Finance and Wipro all falling around 3 percent. <\/p>\n<p>HDFC fell 2.2 percent after hiking its prime lending rates on housing loans by 50 basis points. <\/p>\n<p>Coal India was little changed after it issued a tender for purchasing imported coal for power generating companies.<\/p>\n<p>Bajaj Auto rose over 1 percent on share buyback news. <\/p>\n<p>Dr Reddy&#8217;s Laboratories was down about 1 percent after its subsidiary inked an exclusive collaboration and license agreement with Nasdaq-listed Olema.<\/p>\n<p>Shriram Transport Finance Company dropped 0.7 percent after raising $250 million from U.S. International Development Finance Corporation.<\/p>\n<p>HFCL rallied 2.6 percent on winning new orders worth Rs 73.39 crore. <\/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 Down Over 700 Points; Nifty Dips Below 16,300<\/a><br \/>\n<br \/>2022-06-10 04:14:45<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indian shares opened sharply lower on Friday, mirroring weak global cues as investors awaited the release of all-important U.S. inflation data later in the day for clues on whether the&#8230;<\/p>\n","protected":false},"author":2,"featured_media":22648,"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-22647","post","type-post","status-publish","format-standard","has-post-thumbnail","category-asian-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/22647","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=22647"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/22647\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/22648"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=22647"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=22647"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=22647"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}