Stock Market Updates LIVE: Sensex drops 500 points, Nifty50 below 17,800; HCL Tech, Infosys shed up to 2%

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Watch this space as we bring you LIVE updates of the day’s proceedings from Dalal Street.

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Top movers on NSE in opening trade

Price as on 06 Jan, 2022 09:33 AM, Click on company names for their live prices.

List of index losers in early trade

Nifty50 below 17,800

OPENING BELL: Sensex drops 600 points, HCL Tech, Infosys shed up to 2%

Pre-open session: Sensex sheds 150 points, Nifty tests 17,850

SGX Nifty signals a negative start

Nifty futures on the Singapore Exchange traded 113 points, or 0.63 per cent, lower at 17,860.50, signaling that Dalal Street was headed for a weak start on Thursday.

Hong Kong shares drop at open

The Nifty50 on Wednesday gave its highest daily close in 35 sessions and topped 17,900 level. The index formed a bullish candle on the daily scale and is seeing buying at lower levels. But the psychological mark of 18,000 could be a crucial test for the index. The upper end of a rising channel, and the hourly upper Bollinger Band, are also present near 18,000, analysts said.

Hong Kong shares drop at open

Hong Kong stocks opened in negative territory Thursday morning following a hefty sell-off on Wall Street on expectations the Federal Reserve will start hiking interest rates sooner than initially thought. The Hang Seng Index slipped 0.28 percent, or 64.05 points, to 22,843.20. The Shanghai Composite Index eased 0.39 percent, or 13.96 points, to 3,581.22.

Japan stocks open lower, extending US falls

Tokyo stocks opened lower on Thursday after two days of rallies, with investors disheartened by falls on Wall Street. The benchmark Nikkei 225 index was down 0.65 percent or 192.08 points at 29,140.08 in early trade, while the broader Topix index slipped 0.51 percent or 10.44 points to 2,028.83.

US stocks sputter as Fed signals faster rate hikes

Wall Street stocks endured an ugly afternoon Wednesday, falling sharply after Federal Reserve minutes indicated officials were ready to hike rates sooner than expected to fight a spike in inflation. The Dow Jones Industrial Average fell 392.54 points, or 1.07%, to 36,407.11, the S&P 500 lost 92.96 points, or 1.94%, to 4,700.58 and the Nasdaq Composite dropped 522.54 points, or 3.34%, to 15,100.17.

Rupee jumps 20 paise to 74.38 against dollar

The rupee surged 20 paise to close at 74.38 against the US currency on Wednesday, propped up by foreign banks’ dollar sales and fund inflows into domestic equities. At the interbank forex market, the local unit opened at 74.54 against the greenback and witnessed an intra-day high of 74.30 and a low of 74.55. It finally settled at 74.38, a rise of 20 paise over its previous close.

Sensex, Nifty on Wednesday

Rising for the fourth straight session, equity benchmark Sensex rallied 367 points to reclaim the 60,000-mark on Wednesday, driven by strong gains in banking and financial stocks amid a supportive trend in European equities. The 30-share index surged 367.22 points or 0.61 per cent to end at 60,223.15. Similarly, the broader NSE Nifty rose 120 points or 0.67 per cent to 17,925.25.

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