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Share Market News Today | Sensex, Nifty, Share Prices LIVE: Entering the second day of trade, SGX Nifty was sitting in the red suggesting a continuation of ...

“The performance bonus payout for Delivery and Business Enabling Functions for Q1FY23 is scheduled to take place in the payroll of August 2022.” In the previous session, the S&P BSE Sensex dived 872 points or 1.46% to settle at 58,773 while the NSE [Nifty 50](https://www.financialexpress.com/market/stock-market/nifty-50-stock-price/?utm_source=fe_Story&utm_medium=fe_Tags&utm_campaign=referral) index tanked 267 points or 1.51% to end at 17,490. Benchmark [indices](https://www.financialexpress.com/market/cafeinvest/sensex-nifty-bank-nifty-may-hit-new-all-time-highs-by-diwali-sanjiv-bhasin-bullish-on-bank-stocks-iifl-interview/2639442/) are expected to open in the red as trends in the SGX Nifty indicated a negative opening with a loss of 85 points. [markets](https://www.financialexpress.com/market/sensex-dives-for-second-day-running-nifty-entering-short-term-correction-support-near-17390-17408/2639758/) are likely to extend losses on Tuesday amid weak global cues. Maharashtra government had announced a cut in value-added tax (VAT) on petrol by Rs 5 a litre and by Rs 3 a litre for diesel earlier last month. Technology stocks were suffering on the opening bell with Infosys down 2%, followed by [HCL Technologies](https://www.financialexpress.com/market/stock-market/hcl-technologies-ltd-stock-price/?utm_source=fe_Story&utm_medium=fe_Tags&utm_campaign=referral), Tech Mahindra, and TCS. The last country-wide change in price came on May 21, when Finance Minister Nirmala Sitharaman announced a cut in excise duty on petrol by Rs 8 per litre, and Rs 6 per litre on diesel. Recession fears continue to exert pressure on energy markets, with Fed minutes signalling a strong commitment to bringing down inflation to the 2% target range. “The market mood has suddenly changed after the release of the Fed minutes which indicate steeper rate tightening than what the market had discounted. Leading IT services firms have either deferred or reduced the variable payout for the employees as pressure on margins is mounting. Former mentor Radhakishan Damani has been appointed the chief trustee of Rakesh Jhunjhunwala’s estate, said a person familiar with the matter. S&P BSE Sensex dives more than 350 points or 0.6% to trade near 58,400 while the NSE Nifty 50 index was down close to 100 points or 0.55%, sitting below 17,400.