{"id":9937,"date":"2021-05-20T04:13:33","date_gmt":"2021-05-20T04:13:33","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2021\/05\/20\/sensex-nifty-dip-on-hawkish-fed-minutes\/"},"modified":"2021-05-20T04:13:33","modified_gmt":"2021-05-20T04:13:33","slug":"sensex-nifty-dip-on-hawkish-fed-minutes","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2021\/05\/20\/sensex-nifty-dip-on-hawkish-fed-minutes\/","title":{"rendered":"Sensex, Nifty Dip On Hawkish Fed Minutes"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"divBody\">\n<div id=\"ctl00_CPI_dvBody\">\n<p> Indian shares opened on a cautious note Thursday, tracking weak global <span class=\"landLinks\">markets<\/span> after the release of hawkish FOMC minutes as a number of Fed officials said talking about tapering might be needed at an upcoming meeting.<\/p>\n<p>The benchmark S&amp;P BSE Sensex dropped 85 points, or 0.2 percent, to 49,817 in early trade, while the broader NSE Nifty index was down 67 points, or 0.4 percent, at 14,963.<\/p>\n<p>Rashtriya Chemicals and Fertilizers soared 6 percent, Madras Fertilizers rallied 5 percent and GSFC surged 4 percent after the government hiked fertilizer subsidy from Rs. 500 to Rs 1,200 per bag of DAP.<\/p>\n<p>Dewan Housing Finance Corp jumped nearly 5 percent. The National Company Law Tribunal has directed lenders of the bankrupt company to consider former promoter Wadhawan&#8217;s offer.<\/p>\n<p>Indiabulls Housing Finance was little changed despite reporting a two-fold jump in its Q4 profit.<\/p>\n<p>Likewise, Indian Oil Corp fell over 1 percent despite reporting better-than-expected earnings for the fourth quarter ended March. <\/p>\n<p>JK Tyre &amp; Industries climbed 3 percent. The company reported a consolidated profit of Rs. 189.12 crore in the March quarter against loss of Rs.  47.2 crore in the same quarter last year. <\/p>\n<\/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, Nifty Dip On Hawkish Fed Minutes<\/a><br \/>\n<br \/>2021-05-20 04:13:33<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indian shares opened on a cautious note Thursday, tracking weak global markets after the release of hawkish FOMC minutes as a number of Fed officials said talking about tapering might&#8230;<\/p>\n","protected":false},"author":2,"featured_media":9938,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.unsplash.com\/photo-1535139262971-c51845709a48?ixid=MXwxMjA3fDB8MHxwaG90by1wYWdlfHx8fGVufDB8fHw=&ixlib=rb-1.2.1&auto=format&fit=crop&w=1950&q=80","fifu_image_alt":"","footnotes":""},"categories":[30],"tags":[],"class_list":["post-9937","post","type-post","status-publish","format-standard","has-post-thumbnail","category-asian-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/9937","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=9937"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/9937\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/9938"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=9937"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=9937"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=9937"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}