Jun 17, 2022
By: bhakti.makwana@timesinternet.in
Credit: BCCL
Indian stock markets tumbled over 1,500 points this week resulting in huge selling across the board; after the US hiked interest rates aggressively due to high inflation.
Credit: BCCL
Credit: BCCL
Huge sell off in the markets and fall in crude oil prices to $116 from $120 earlier weighed on shares of the crude oil producer.
Credit: BCCL
Shares of all Tata Group Companies including Tata Steel (-12 percent), Tata Motors (-7 percent), TCS (-7 percent) remained under pressure this week as their stock went ex-dividend on June 15.
Credit: BCCL
The Pune-based IT consulting company also faced investors' rage amid talks of recession in the US market, which could lead to slowdown in the space.
Credit: BCCL
The metals flagship company of the Aditya Birla was hit on falling prices of Aluminium as investors fretted over the prospect of weak economic growth affecting metals demand after renewed COVID-19 lockdowns in China and hike in interest rates.
Credit: BCCL
Shares of the lender have been impacted by the heavy selloff in the market amid high inflation and fears of economic growth slowdown.
Credit: BCCL
The Bengaluru-based IT firm is another victim of weakness in the market due to rising borrowing costs and fear of potential recession in the US, the biggest market for IT firms.
Credit: BCCL
Heavy selling was seen even in shares of UPL, an agriculture products and solutions company that is planning to double its biosolutions business in India over the next couple of years.
Credit: BCCL
The government owned coal mining company’s stock slipped 6 percent amid weak risk appetite among investors and the coal crisis in the country due to lower output from some mines.
Credit: Wikipedia