{"id":23409,"date":"2022-07-01T04:44:10","date_gmt":"2022-07-01T04:44:10","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2022\/07\/01\/sensex-nifty-tumble-as-reliance-ongc-drag\/"},"modified":"2022-07-01T04:44:10","modified_gmt":"2022-07-01T04:44:10","slug":"sensex-nifty-tumble-as-reliance-ongc-drag","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2022\/07\/01\/sensex-nifty-tumble-as-reliance-ongc-drag\/","title":{"rendered":"Sensex, Nifty Tumble As Reliance, ONGC Drag"},"content":{"rendered":"<p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> Indian shares fell sharply on Friday, with oil &amp; gas stocks bearing the brunt of the selling. <\/p>\n<p>The benchmark S&amp;P BSE Sensex plunged 560 points, or 1.1 percent, to 52,454 in early trade, while the broader NSE Nifty index was down 173 points, or 1.1 percent, at 15,606.<\/p>\n<p>Reliance Industries slumped 5 percent.  Reliance Brands, a subsidiary of Reliance Retail Ventures, has forayed into food &amp; beverage (F&amp;B) retailing with a strategic partnership with U.K.-based fresh food and organic coffee chain Pret A Manger.<\/p>\n<p>ONGC lost 2.8 percent after oil prices fell around 3 percent in the previous session.<\/p>\n<p>Maruti Suzuki India fell over 1 percent. The company said it is looking to regain market share in the SUV segment with four new models.<\/p>\n<p>Bharti Airtel fell about 1 percent. The Competition Commission of India has approved Google international&#8217;s 1.28 percent stake buy in the company. <\/p>\n<p>In another development, the telecom major has opted to defer the payment of AGR dues up to FY 2018-19.<\/p>\n<p>Hindustan Copper dipped half a percent on fund raising reports.<\/p>\n<p>Indian Bank was down about 1 percent after raising lending rates.<\/p>\n<p>Sundaram Fasteners climbed 1.1 percent. The auto components major plans to invest Rs 400 crore in fasteners and defense vertical over the next two years. <\/p>\n<p>Lupin rose half a percent after it received the U.S. FDA nod for Abbreviated New Drug Application (ANDA) &#8211; Paliperidone extended-release tablets. <\/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 As Reliance, ONGC Drag<\/a><br \/>\n<br \/>2022-07-01 04:44:10<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indian shares fell sharply on Friday, with oil &amp; gas stocks bearing the brunt of the selling. The benchmark S&amp;P BSE Sensex plunged 560 points, or 1.1 percent, to 52,454&#8230;<\/p>\n","protected":false},"author":2,"featured_media":23410,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[30],"tags":[],"class_list":["post-23409","post","type-post","status-publish","format-standard","has-post-thumbnail","category-asian-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/23409","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=23409"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/23409\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/23410"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=23409"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=23409"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=23409"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}