Wednesday, January 19, 2022

Domestic equity markets decline this week amid weak global cues

Snapping five weeks of rising streak, domestic equity markets declined this week amid weak global cues.

The Sensex at the Bombay Stock Exchange plunged 1,283 points, or 2.1 percent during the week, to close at 58,766, yesterday.

This was also the biggest weekly drop in five months.

The Nifty at the National Stock Exchange declined 321 points, or 1.8 percent during the week, to 17,532.

In the broader market, outperforming the Sensex, the BSE midcap index rose 0.8 percent and the smallcap Index gained 0.6 percent.

At the forex market, the rupee depreciated 44 paise during the week, to end at 74.12 against the US dollar yesterday.

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