Moneycontrol

Budget 2023Budget 2023

PARTNERS

  • Tata AIA Life Insurance
  • Hafele
  • Motilal Oswal
  • SMC Global Securities Limited
  • SBI Life
  • DSP Mutual Fund
Upcoming Event : LeapToUnicorn - mentoring, networking and fundraising for startups. Register now

Morning Scan: All the big stories to get you started for the day

A round-up of the biggest articles from newspapers

April 28, 2022 / 07:31 AM IST

Stock markets decline almost 1 percent on weak global cues

Indian equities dropped almost 1 percent following a rout in global markets as sentiment remained downbeat on the spread of Covid in China and overnight selloff in US technology giants. The benchmark Sensex fell 537.22 points, or 0.94 percent to close at 56,819.39. The 50-share Nifty declined 0.94 percent to end at 17,038. 4.

Why it’s important: Both stock gauges in India have seesawed between gains and losses in the past few days, which adds uncertainty over the direction of the market. The volatility is expected to continue and market sentiment remains cautious.

LIC to be fifth largest company after IPO at Rs 6 trillion market valuation