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Home / News / Business News / Sensex slips to 55,107.34 points, Nifty settles below 16,500
Business

Sensex slips to 55,107.34 points, Nifty settles below 16,500

Sensex slips to 55,107.34 points, Nifty settles below 16,500
Written by Dwaipayan Roy
Jun 07, 2022, 03:55 pm 2 min read
Sensex slips to 55,107.34 points, Nifty settles below 16,500
Nifty Midcap 50 shed 55.4 points to settle at 7,620.6 (Photo credit: Moneycontrol)

On Tuesday, the benchmark Sensex and Nifty indices were on a downward trend, continuing their losing streak for the third straight day. While Sensex plunged 1.03% to 55,107.34 points, the Nifty fell 0.93% to 16,416.35. Midcap stocks also witnessed a bearish run with Nifty Midcap 50 shedding 55.4 points to end at 7,620.6. Here's all you need to know about Tuesday's market report.

Round-up
Who were the biggest gainers and losers?

Among the top sector gainers in the stock market were NIFTY PSE, NIFTY ENERGY, and NIFTY AUTO, gaining 1.08%, 1.04%, and 0.52%, respectively. On the other hand, the biggest stock gainers were ONGC, NTPC, and Coal India, which climbed 4.84%, 1.48%, and 1.36%, respectively. Titan Company, UPL, and Dr. Reddys Labs emerged as the biggest losers, dropping 4.48%, 4.4%, and 3.85%, respectively.

Commodities
INR plunged 0.1% against the US Dollar

The Indian rupee (INR) on Tuesday, weakened against the US Dollar, plunging 0.1% to settle at Rs. 77.71. On the other hand, the gold futures witnessed little movement, ending flat at Rs. 50,869, while the silver futures tumbled 0.8% to Rs. 61,801. Meanwhile, the crude oil future prices declined by $0.66, or 0.55% to $118.05 per barrel.

Information
Take a peek at the global markets

The Asian markets witnessed mixed trading on Tuesday. While Hang Seng and Nikkei slipped to 21,531.67 points and 27,943.95 points, respectively, Shanghai Composite Index soared 0.17% to 3,241.76 points. In the US, NASDAQ ended on a positive note, surging 0.4%, to 12,061.37 points.

Crypto
How have the popular cryptocurrencies moved today?

The world's most popular cryptocurrency Bitcoin is selling at $29,584.53, which is down 5.85% from yesterday. Meanwhile, Ethereum is down 7.43% and is currently trading at $1,764.28. Tether, BNB, and Cardano are listed at $0.9994 (0.01% up), $281.75 (9.25% down), and $0.5864 (8.03% down), respectively. Finally, Dogecoin is trading at $0.07987, which is 5.02% lower compared to yesterday.

Information
Fuel prices in Delhi and Mumbai remain unchanged

The fuel prices in Delhi remain unchanged on Tuesday, with diesel priced at Rs. 89.66/liter and petrol costing Rs. 96.76/liter. Meanwhile, in Mumbai, diesel costs Rs. 97.26/liter and petrol is priced at Rs. 111.33/liter.

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Dwaipayan Roy
Dwaipayan Roy
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Dwaipayan Roy covers tech and auto news for NewsBytes. He has previously worked with The New Indian Express and DIGIT. Over a career spanning nearly three years, his work focused on the latest product launches and in-depth coverage of changes in the auto and tech industries. He has a Master’s degree in Journalism & Mass Communication from the Indian Institute of Mass Communication, Delhi.
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