Rising KashmirRising KashmirRising Kashmir
  • Home
  • Top Stories
  • News
    • Kashmir
    • City
    • Jammu
    • Politics
  • Health
  • Anchor
  • Features
  • Interview
  • Video
Search

Archives

  • May 2025
  • April 2025
  • March 2025
  • February 2025
  • January 2025
  • December 2024
  • November 2024
  • October 2024
  • September 2024
  • August 2024
  • July 2024
  • June 2024
  • May 2024
  • April 2024
  • March 2024
  • February 2024
  • January 2024
  • December 2023
  • November 2023
  • October 2023
  • September 2023
  • August 2023
  • July 2023
  • June 2023
  • May 2023
  • April 2023
  • March 2023
  • February 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022

Categories

  • Anchor
  • Breaking
  • Business
  • City
  • Developing Story
  • Editorial
  • Education
  • Features
  • Health
  • Interview
  • Jammu
  • Jammu and Kashmir News
  • Kashmir
  • Kashmir Tourism
  • Kath Bath
  • National
  • Opinion
  • Politics
  • Sports
  • Technology
  • Top Stories
  • Trending
  • Uncategorized
  • Video
  • Viewpoint
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Reading: Indian stock indices start fresh week with marginal losses
Share
Notification Show More
Font ResizerAa
Rising KashmirRising Kashmir
Font ResizerAa
  • Home
  • Top Stories
  • News
  • Health
  • Anchor
  • Features
  • Interview
  • Video
Search
  • Home
  • Top Stories
  • News
    • Kashmir
    • City
    • Jammu
    • Politics
  • Health
  • Anchor
  • Features
  • Interview
  • Video
Follow US
© 2024. All Rights Reserved.
Rising Kashmir > Blog > Breaking > Indian stock indices start fresh week with marginal losses
Breaking

Indian stock indices start fresh week with marginal losses

ANI
Last updated: October 17, 2022 1:27 pm
ANI
Published: October 17, 2022
Share
3 Min Read
SHARE

Indian stock indices fell marginally in early trade on Monday tracking weak cues from US markets, which apparently declined due to persistently high inflation in the country and the subsequent monetary policy tightening.

At 9.48 am, Sensex traded at 57,783.06 points, down 136.91 points or 0.24 per cent, whereas Nifty traded at 17,144.35 points, down 41.35 points or 0.24 per cent. “Stocks turned lower after a closely-watched survey showed consumer inflation expectations were on the rise, while investors also weighed results from big Wall Street banks as earnings reporting season gets underway. For the week, the Dow rose 1.2%, while the S&P 500 fell 1.6% and the Nasdaq dropped 3.1%,” HDFC Securities remarked about the US markets.

For the record, the US annual inflation rate slowed for the third consecutive month to 8.2 per cent in September 2022, which is the lowest in seven months, as compared to 8.3 per cent in August.

V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services said any rally in Indian stocks won’t sustain due to a lack of positive fundamentals.

“Rallies triggered by market positioning will be temporary because there won’t be any follow-on fundamental support for the rally. This trend played out in the US market last Friday with sharp cuts in major indices,” Vijayakumar said.

“There are no major triggers to take the mother market much higher at least in the near term. There are no major triggers for a crash also since almost all negative factors are known to the market. Such an uncertain scenario provides opportunities for long-term investors to slowly accumulate high quality stocks showing improving prospects.”

Coming to inflation in India, the wholesale price index-based inflation eased to 10.7 per cent in September as against 12.41 per cent recorded in the previous month, as per the government data released on Friday. Despite the decline, Whole Price Index (WPI) based inflation has remained in double digits for the 18th month in a row.

India’s retail inflation remained above the Reserve Bank of India’s mandated range of 2-6 per cent for the third quarter. The Consumer Price Index (CPI) based inflation rose to 7.41 per cent in September from 7 per cent in the previous month. (ANI)

Hot, Humid Weather Forecast As Night Temp Rises In J&K
Empowering Communities: VBSY makes mark in Panchayat Udhaynpur and Kalihand in Doda
Lok Sabha Elections 2024:Home Voting commencing from Tuesday at Kupwara
Delhi: 27 trains running late due to dense fog
Rajya Sabha adjourned till 2pm, Chairman Dhankhar warns MPs for disrupting proceedings

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Whatsapp Whatsapp Copy Link Print
Previous Article India’s Covid vaccination is not over yet, Government still has stock of 3 Crore vaccines
Next Article PM releases 12th instalment of funds worth Rs 16K cr for farmers
Leave a Comment Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected

1MFollowersLike
262kFollowersFollow
InstagramFollow
234kSubscribersSubscribe
Google NewsFollow

Latest News

Mehbooba Mufti gets emotional over civilian deaths, appeals to PM’s on both sides to end conflict
Breaking
May 9, 2025
Amit Shah reviews border, airport security in high-level meeting
Developing Story
May 9, 2025
LG Sinha Visits Uri, Directs Immediate Relief for Families affected by Pakistan Shelling
Breaking
May 9, 2025
Defence ministry urges media to refrain from live coverage of security operations
Breaking
May 9, 2025

Recent Posts

  • Mehbooba Mufti gets emotional over civilian deaths, appeals to PM’s on both sides to end conflict
  • Amit Shah reviews border, airport security in high-level meeting
  • LG Sinha Visits Uri, Directs Immediate Relief for Families affected by Pakistan Shelling
  • Defence ministry urges media to refrain from live coverage of security operations
  • CM Omar Abdullah visits GMC Jammu 

Recent Comments

  1. SavePlus on AI and Behavioural Analytics in Gaming: Making the World of Gaming Better
  2. Parul on Govt acknowledges faulty streetlights on Narbal-Tangmarg road
  3. dr gora on Women Veterinarians and the Goal of Viksit Bharat
  4. jalwa game login on National Education Policy 2020: Transforming India’s Educational System
  5. Virender Bhat on Pahalgam Attack: A War on Humanity, Peace, and Kashmiriyat

Contact Us

Flat No 7,Press Enclave, Srinagar, 190001
0194 2477887
9971795706
[email protected]
[email protected]

Quick Link

  • E-Paper
  • About Us
  • Contact Us

Top Categories

Stay Connected

1.06MLike
262.5kFollow
InstagramFollow
234.3kSubscribe
WhatsAppFollow
Rising KashmirRising Kashmir
Follow US
© 2025. All Rights Reserved.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?