{"id":28633,"date":"2022-12-02T04:38:50","date_gmt":"2022-12-02T04:38:50","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2022\/12\/02\/sensex-nifty-follow-asian-peers-lower\/"},"modified":"2022-12-02T04:38:50","modified_gmt":"2022-12-02T04:38:50","slug":"sensex-nifty-follow-asian-peers-lower","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2022\/12\/02\/sensex-nifty-follow-asian-peers-lower\/","title":{"rendered":"Sensex, Nifty Follow Asian Peers Lower"},"content":{"rendered":"<p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> Indian shares fell in early trade Friday, tracking weak Asian cues as investors awaited the release of U.S. unemployment data later in the day for additional cues on Fed&#8217;s next policy steps. <\/p>\n<p>The benchmark S&amp;P BSE Sensex dropped 320 points, or half a percent, to 62,963 in early trade, while the broader NSE Nifty index was down 99 points, or half a percent, to 18,714.<\/p>\n<p>SBI Life and HDFC Life both fell around 1 percent after the finance ministry invited comments on proposed amendments to the Insurance Act, 1938, and Insurance Regulatory and Development Act (IRDA), 1999.<\/p>\n<p>Yes Bank jumped 3.5 percent after it received conditional approval from RBI for a planned stake sale to global PE funds. <\/p>\n<p>ONGC, Oil India and Reliance Industries were up between half a percent and 2 percent after the government reduced the windfall tax on crude oil and the export tax on diesel.<\/p>\n<p>Vodafone Idea was little changed on reports it has approached SBI for a loan amounting to Rs. 15,000-16,000 crore.<\/p>\n<p>PB Fintech rallied 2 percent on reports that the SoftBank Group is planning to offload a 5 percent stake in the online insurance aggregator Policybazaar through a block deal.<\/p>\n<p>Maruti Suzuki India, Hero MotoCorp, Tata Motors, Mahindra &amp; Mahindra, Bajaj Auto and TVS Motor all traded lower after unveiling their monthly sales figures. <\/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 Follow Asian Peers Lower<\/a><br \/>\n<br \/>2022-12-02 04:38:50<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indian shares fell in early trade Friday, tracking weak Asian cues as investors awaited the release of U.S. unemployment data later in the day for additional cues on Fed&#8217;s next&#8230;<\/p>\n","protected":false},"author":2,"featured_media":28634,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[30],"tags":[],"class_list":["post-28633","post","type-post","status-publish","format-standard","has-post-thumbnail","category-asian-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/28633","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=28633"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/28633\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/28634"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=28633"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=28633"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=28633"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}