{"id":7949,"date":"2021-03-12T10:58:27","date_gmt":"2021-03-12T10:58:27","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2021\/03\/12\/sensex-ends-487-points-lower-nifty-drops-below-15050\/"},"modified":"2021-03-12T10:58:27","modified_gmt":"2021-03-12T10:58:27","slug":"sensex-ends-487-points-lower-nifty-drops-below-15050","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2021\/03\/12\/sensex-ends-487-points-lower-nifty-drops-below-15050\/","title":{"rendered":"Sensex Ends 487 Points Lower; Nifty Drops Below 15,050"},"content":{"rendered":"<p> \n<\/p>\n<div id=\"divBody\">\n<div id=\"ctl00_CPI_dvBody\">\n<p> Indian shares gave up early gains to end sharply lower on Friday amid selling across the board. <\/p>\n<p>Sentiment soured as the benchmark 10-year U.S. Treasury yields hit 1.6 percent once again after the release of better-than-expected jobless claims data and the passage of a massive fiscal stimulus. <\/p>\n<p>Rising Covid-19 infections across the country and climbing oil prices also weighed on <span class=\"landLinks\">markets<\/span>. Crude prices eased somewhat today, but held near recent highs on optimism about a recovery in demand.<\/p>\n<p>The benchmark S&amp;P BSE Sensex hit as high as 51,821.84 earlier in the day before reversing direction to end the session down 487.43 points, or 0.95 percent, at 50,792.08.<\/p>\n<p>The broader Nifty index hit an intraday high of 15,336.30 before settling at 15,030.95, down 143.85 points, or 0.95 percent, from its previous close. <\/p>\n<p>Hindalco, SBI Life, HDFC Life, Adani Ports and Bajaj Auto all fell around 3 percent while JSW Steel, Power Grid Corp, IOC and BPCL rose 1-3 percent. <\/p>\n<p>IDBI Bank surged almost 10 percent after it finally managed to get out of the Reserve Bank of India&#8217;s (RBI&#8217;s) watchlist for troubled banks. <\/p>\n<\/p>\n<p>Market Analysis<\/p>\n<\/div><\/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 Ends 487 Points Lower; Nifty Drops Below 15,050<\/a><br \/>\n<br \/>2021-03-12 10:58:27<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indian shares gave up early gains to end sharply lower on Friday amid selling across the board. Sentiment soured as the benchmark 10-year U.S. Treasury yields hit 1.6 percent once&#8230;<\/p>\n","protected":false},"author":2,"featured_media":7950,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[30],"tags":[],"class_list":{"0":"post-7949","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\/7949","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=7949"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/7949\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/7950"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=7949"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=7949"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=7949"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}