{"id":25116,"date":"2022-08-24T04:23:06","date_gmt":"2022-08-24T04:23:06","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2022\/08\/24\/sensex-nifty-drift-lower-on-weak-global-cues\/"},"modified":"2022-08-24T04:23:06","modified_gmt":"2022-08-24T04:23:06","slug":"sensex-nifty-drift-lower-on-weak-global-cues","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2022\/08\/24\/sensex-nifty-drift-lower-on-weak-global-cues\/","title":{"rendered":"Sensex, Nifty Drift Lower On Weak Global Cues"},"content":{"rendered":"<p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> Indian shares fell in early trade on Wednesday, tracking weak global cues and rising oil prices. <\/p>\n<p>The benchmark S&amp;P\/BSE Sensex dropped 262 points, or 0.4 percent, to 58,769, while the broader NSE Nifty index was down 60 points, or 0.3 percent, at 17,517.<\/p>\n<p>Among the prominent decliners, Nestle India, Titan Company, Divis Laboratories, Asian Paints and Eicher Motors fell 1-2 percent. <\/p>\n<p>ONGC advanced 1.7 percent after oil prices surged nearly 4 percent overnight on talk of OPEC+ output cut to support prices. <\/p>\n<p>NDTV jumped 5 percent after the Adani group said it would buy a majority stake in the television news network. <\/p>\n<p>NTPC edged up slightly on fund raising reports. <\/p>\n<p>Tata Motors was slightly lower. The automaker has signed a power purchase agreement with Tata Power to develop a 7.25 Mwp onsite solar project.<\/p>\n<p>Procter &amp; Gamble Hygiene and Health Care was little changed despite reporting a 13 percent fall in quarterly profit. <\/p>\n<p>TCS was down 0.6 percent. The company has clarified that it hasn&#8217;t delayed variable pay to employees for Q1. <\/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 Drift Lower On Weak Global Cues<\/a><br \/>\n<br \/>2022-08-24 04:23:06<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indian shares fell in early trade on Wednesday, tracking weak global cues and rising oil prices. The benchmark S&amp;P\/BSE Sensex dropped 262 points, or 0.4 percent, to 58,769, while the&#8230;<\/p>\n","protected":false},"author":2,"featured_media":25117,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[30],"tags":[],"class_list":{"0":"post-25116","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-asian-markets"},"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/25116","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=25116"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/25116\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/25117"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=25116"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=25116"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=25116"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}