Stocks

Shares fall in volatile trading; energy, metal stocks drop

CUE API | | Updated on: Mar 15, 2022

26/08/2019 MUMBAI: A view of the BSE building in Mumbai, Monday, August 26, 2019. The BSE Sensex jumped over 700 points afternoon session. Photo. Paul Noronha | Photo Credit: PAUL NORONHA

NSE Nifty down 0.25% at 16,829.25

Shares fell slightly in choppy trade on Tuesday, as cooling oil and metal prices dragged energy and steelmaker stocks, with a higher-than-expected inflation reading for February denting sentiment further.

The blue-chip NSE Nifty 50 index was down 0.25% at 16,829.25 and the benchmark S&P BSE Sensex fell 0.22 per cent to 56,360.95.

Government data on Monday showed India's consumer prices rose 6.07% in February, above the central bank's 2 per cent to 6 per cent target for a second straight month.

A continued slide in oil prices dragged the Nifty energy index by 1 per cent. Oil and Natural Gas Corporation was the biggest percentage loser on the Nifty 50.

The Nifty Metal Index lost 2.07%. Steelmakers Tata Steel and JSW Steel fell about 2.3 per cent each.

In broader Asian markets, stocks fell on surging COVID-19 cases in China and lack of major progress in Russia-Ukraine negotiations.

Domestic investors will also be focusing on the U.S Federal Reserve, which meets on Wednesday and is expected to hike interest rates for the first time in three years to offset rising inflation. (

Published on March 15, 2022
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