Stock Market LIVE: SGX Nifty, Asia fall as investors worry about global growth

Share market LIVE updates: Indian shares look headed for a gap-down start on Tuesday, with SGX Nifty futures down 100 points. Asian shares tumbled to their lowest in nearly two years as investors shed riskier assets on worries about higher interest rates and their impact on economic growth

Stock Market LIVE: SGX Nifty, Asia fall as investors worry about global growth

Share market LIVE updates: Indian shares look headed for a gap-down start on Tuesday, with SGX Nifty futures down 100 points. Asian shares tumbled to their lowest in nearly two years as investors shed riskier assets on worries about higher interest rates and their impact on economic growth

China’s woes, a global wave of monetary tightening and the war in Ukraine are casting a pall over the world economy. In a semi-annual report, the Fed warned of deteriorating liquidity conditions across key financial markets.

10 May 2022, 03:48:00 PM IST

Sensex ends lower, Nifty near 16,200; metals hammered, banks, FMCG gain

Indian equity markets suffered another day of losses amid volatility on Tuesday. Losses were largely led by metal stocks, with the index down a massive 5% for the day. Tata Steel, Coal India, JSW Steel, Hindalco were among the top losers, falling 4.5-7.5%. Banks and FMCG stocks shone.

India's benchmark indexes last week registered their worst week since November, hurt by a surprise interest-rate hike by the central bank, foreign fund outflows and mixed corporate results. The pain has continued.

Elsewhere, US equity-index futures rallied with European stocks as dip buyers emerged from the ruins of Monday’s rout, even though sentiment remained fragile over concerns about inflation and economic growth.

Back home, the Sensex fell 105.82 points to end the day at 54,364.85, while Nifty was down 61.90 points at 16,240. About 848 shares advanced, 2,428 declined, and 132 were unchanged.