{"id":23325,"date":"2022-06-29T10:43:25","date_gmt":"2022-06-29T10:43:25","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2022\/06\/29\/sensex-nifty-snap-four-day-winning-streak\/"},"modified":"2022-06-29T10:43:25","modified_gmt":"2022-06-29T10:43:25","slug":"sensex-nifty-snap-four-day-winning-streak","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2022\/06\/29\/sensex-nifty-snap-four-day-winning-streak\/","title":{"rendered":"Sensex, Nifty Snap Four-day Winning Streak"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> Indian shares ended slightly lower on Wednesday to snap a four-day winning streak, as renewed concerns about inflation and the risk of recession weighed on the rupee, <br \/>which fell 19 paise to close at a new record low of 79.04 against the dollar. <\/p>\n<p>Rising oil prices also weighed on sentiment. Oil prices were modestly higher in European trade after having risen for three straight sessions amid signs of tight supply. <\/p>\n<p>The benchmark S&amp;P BSE Sensex dropped 150.48 points, or 0.28 percent, to 53,026.97 as a weaker-than-expected U.S. consumer confidence reading fueled worries over a recession and dented investors&#8217; appetite for riskier assets globally. <\/p>\n<p>The broader NSE Nifty index ended down 51.10 points, or 0.32 percent, at 15,799.10.<br \/>Tata Consumer Products, Axis Bank, Apollo Hospitals Enterprise, Hindustan Unilever and HDFC Life fell 3-5 percent in the Nifty pack, while heavyweight Reliance Industries rose 1.9 percent after chairman Mukesh Ambani announced a succession plan.<\/p>\n<p>ONGC jumped 2.9 percent, tracking gains in crude prices. Coal India, Sun Pharma and NTPC rose 1-2 percent. <\/p>\n<p>Fed Chair Jerome Powell, ECB President Christine Lagarde and BOE Governor Andrew Bailey will be speaking at the ECB forum on central banking in Sintra, Portugal later in the day. <\/p>\n<p>Also, U.S. final GDP data for the first quarter is due in the New York session. <\/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 Snap Four-day Winning Streak<\/a><br \/>\n<br \/>2022-06-29 10:43:25<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indian shares ended slightly lower on Wednesday to snap a four-day winning streak, as renewed concerns about inflation and the risk of recession weighed on the rupee, which fell 19&#8230;<\/p>\n","protected":false},"author":2,"featured_media":23326,"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-23325","post","type-post","status-publish","format-standard","has-post-thumbnail","category-asian-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/23325","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=23325"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/23325\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/23326"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=23325"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=23325"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=23325"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}