AIRLINK 61.75 Decreased By ▼ -0.73 (-1.17%)
BOP 5.33 Decreased By ▼ -0.03 (-0.56%)
CNERGY 4.46 Decreased By ▼ -0.12 (-2.62%)
DFML 15.30 Decreased By ▼ -0.20 (-1.29%)
DGKC 65.25 Decreased By ▼ -1.15 (-1.73%)
FCCL 17.15 Decreased By ▼ -0.44 (-2.5%)
FFBL 27.63 Decreased By ▼ -0.07 (-0.25%)
FFL 9.31 Increased By ▲ 0.04 (0.43%)
GGL 10.02 Decreased By ▼ -0.04 (-0.4%)
HBL 104.95 Decreased By ▼ -0.75 (-0.71%)
HUBC 121.05 Decreased By ▼ -1.25 (-1.02%)
HUMNL 6.50 Decreased By ▼ -0.10 (-1.52%)
KEL 4.41 Decreased By ▼ -0.09 (-2%)
KOSM 4.45 Decreased By ▼ -0.03 (-0.67%)
MLCF 35.42 Decreased By ▼ -0.78 (-2.15%)
OGDC 122.30 Decreased By ▼ -0.62 (-0.5%)
PAEL 22.70 Decreased By ▼ -0.30 (-1.3%)
PIAA 31.54 Increased By ▲ 2.20 (7.5%)
PIBTL 5.79 Decreased By ▼ -0.01 (-0.17%)
PPL 107.00 Decreased By ▼ -0.50 (-0.47%)
PRL 27.10 Decreased By ▼ -0.15 (-0.55%)
PTC 18.10 Increased By ▲ 0.03 (0.17%)
SEARL 52.40 Decreased By ▼ -0.60 (-1.13%)
SNGP 62.73 Decreased By ▼ -0.48 (-0.76%)
SSGC 10.58 Decreased By ▼ -0.22 (-2.04%)
TELE 9.05 Decreased By ▼ -0.15 (-1.63%)
TPLP 11.40 Decreased By ▼ -0.04 (-0.35%)
TRG 69.85 Decreased By ▼ -1.01 (-1.43%)
UNITY 23.50 Decreased By ▼ -0.12 (-0.51%)
WTL 1.27 Decreased By ▼ -0.01 (-0.78%)
BR100 6,917 Decreased By -26.4 (-0.38%)
BR30 22,633 Decreased By -193.7 (-0.85%)
KSE100 66,846 Decreased By -295.9 (-0.44%)
KSE30 22,014 Decreased By -75.5 (-0.34%)

BENGALURU: Indian shares fell in early trading on Monday, dragged down by metal stocks and in line with Asian peers amid growing fears that aggressive rate hikes by central banks globally would lead to a slowdown and weigh on corporate earnings.

The NSE Nifty 50 index was 0.15% lower at 17,159.30 as of 0352 GMT, and the S&P BSE Sensex fell 0.19% to 57,808.78. Both the indexes settled 1% higher in the previous session, notching weekly losses.

Nifty’s metal and realty sub-indexes were among the top losers, falling more than 1% each.

JSW Steel Ltd and Tata Steel Ltd were the worst performers on the Nifty 50, declining 1.7% and 1.2%, respectively.

Among other stocks, Shree Cement Ltd fell 5% after it posted a 67.2% slump in second-quarter profit as fuel costs surged.

Indian shares end higher as Infosys, banks climb

Cement maker ACC Ltd was 1.5% lower ahead of its quarterly results later in the day.

Meanwhile, the monetary policy committee of India’s central bank may lean more on data in deciding the key interest rate going ahead even as policymakers appeared divided on the future path of rate hikes, minutes of its September meeting suggested on Friday.

In broader Asia, equities slipped on Monday following another drubbing for Wall Street as investors brace for a further drastic tightening in global financial conditions. Reuters

Comments

Comments are closed.