Sensex Plunges 1,000 pts, Nifty Below 16,000 After Wall Street Selloff; 5 Points


Key benchmark indices opened in the red on Thursday tracking sentiments of its global peers.

Tracking the US market’s worst intra-day fall in two years overnight, the Sensex and Nifty opened in the red on Thursday morning.

  • Last Updated:May 19, 2022, 09:20 IST
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Tracking the US market’s worst intra-day fall in two years overnight, the Sensex and Nifty opened in the red on Thursday morning. At 09:16 IST, the Sensex was down 900.65 points or 1.66 per cent at 53307.88, and the Nifty was down 268.90 points or 1.66 per cent at 15971.40. Overall about 370 shares have advanced, 1629 shares declined, and 73 shares are unchanged.

Global Cues

A sharp sell-off was witnessed in US stocks on inflation fears. The Dow Jones Industrial Average sank more than 1,100 points and the S&P 500 had its biggest drop in nearly two years Wednesday, as big earnings misses by Target and other major retailers stoked investors’ fears that surging inflation could cut deeply into corporate profits. The Dow dropped 3.6 per cent, while the Nasdaq fell 4.7 per cent. The three indexes are on pace to extend a string of at least six weekly losses.

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