{"id":9640,"date":"2021-05-11T04:19:29","date_gmt":"2021-05-11T04:19:29","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2021\/05\/11\/sensex-down-400-points-on-growth-worries-nifty-dips-below-14850\/"},"modified":"2021-05-11T04:19:29","modified_gmt":"2021-05-11T04:19:29","slug":"sensex-down-400-points-on-growth-worries-nifty-dips-below-14850","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2021\/05\/11\/sensex-down-400-points-on-growth-worries-nifty-dips-below-14850\/","title":{"rendered":"Sensex Down 400 Points On Growth Worries; Nifty Dips Below 14,850"},"content":{"rendered":"<p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> Indian shares opened lower on Tuesday, tracking weak global cues and amid concerns that the second wave of the <span class=\"landLinks\">coronavirus<\/span> pandemic could bring down India&#8217;s GDP growth.<\/p>\n<p>The benchmark S&amp;P BSE Sensex dropped 400 points, or 0.8 percent, to 49,102 in early trade, while the broader NSE Nifty index was down 117 points, or 0.8 percent, at 14,825.<\/p>\n<p>Financials and metal companies led declines, with Kotak Mahindra Bank, HDFC, Tata Steel, JSW Steel and Hindalco falling 2-4 percent. <\/p>\n<p>Tata Motors and Maruti Suzuki India fell about 1 percent. The total vehicle registrations in India fell by 29.85 percent in financial year 2020-21 \u2014 the lowest in the past eight years \u2014 the Federation of Automobile Dealers Associations (FADA) said.<\/p>\n<p>InterGlobe Aviation advanced 1.6 percent after its board approved a proposal to raise funds up to Rs. 3,000 crore through a Qualified Institutions Placement.<\/p>\n<p>PNB tumbled 3.4 percent after opening its QIP issue. <\/p>\n<p>Godrej Consumer Products and Siemens were slightly higher ahead of their quarterly results due today.<\/p>\n<p>HFCL gained half a percent as it posted a multifold jump in its consolidated net profit in the quarter ended March 31, 2021.<\/p>\n<p>Tata Steel lost 2.4 percent.  S&amp;P Global Ratings said that continued strength in steel prices will support the company&#8217;s commitment to deleverage. <\/p>\n<p>Federal Bank gained 0.6 percent after it inked a strategic tie-up with UAE-based Mashreq Bank to facilitate money transfers from the UAE to India. <\/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 Down 400 Points On Growth Worries; Nifty Dips Below 14,850<\/a><br \/>\n<br \/>2021-05-11 04:19:29<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indian shares opened lower on Tuesday, tracking weak global cues and amid concerns that the second wave of the coronavirus pandemic could bring down India&#8217;s GDP growth. The benchmark S&amp;P&#8230;<\/p>\n","protected":false},"author":2,"featured_media":9641,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[30],"tags":[],"class_list":["post-9640","post","type-post","status-publish","format-standard","has-post-thumbnail","category-asian-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/9640","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=9640"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/9640\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/9641"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=9640"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=9640"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=9640"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}