Sensex Tumbles 237 Points, Nifty Settles Below 17,500 In Choppy Trade

Sensex and Nifty extended their fall for the third consecutive session today.

New Delhi:

Indian equity indices ended the holiday-shortened week on a low note on Wednesday, extending their fall for the third straight session. Domestic indices erased their respective early gains in a choppy trading session as investors painted a grim picture of the inflation outlook. Retail inflation rose to a 17-month high of 6.95 per cent in March. On the global front, US monthly consumer prices rose the most in 16-1/2 years in March, while inflation in the UK hit a 30-year high.

The 30-share BSE Sensex ended 237 points or 0.41 per cent lower at 58,339, while the broader NSE Nifty ended 55 points or 0.31 per cent lower at 17,476. The Sensex broke over 650 points during the day before turning lower.

Back home, markets will remain closed on Thursday and Friday on account of Mahavir Jayanti. Babasaheb Ambedkar Jayanti and Good Friday, respectively. It will re-open on April 18 after a break of four days.

Mid- and small-cap stocks ended on a mixed note today as the Nifty Midcap 100 index was down 0.03 per cent and small-cap rose 0.19 per cent.

Nine out of 15 sector gauges compiled by the National Stock Exchange ended in the red. Nifty Bank and Nifty Financial Services underperformed the index, falling 0.87 per cent. Nifty Auto fell up to 0.84 per cent.

On the stock-specific front, Maruti was the top gainer in the Nifty as the stock fell 2.28 per cent to Rs 7,445. HDFC twins (HDFC and HDFC Bank), Dr Reddy’s and Tata Motors also lagged behind.

However, overall market breadth remained positive as 1,852 shares advanced while 1,547 declined on BSE.

HDFC twins, Maruti, Dr Reddy’s, Asian Paints, Bajaj Finserv, PowerGrid and Kotak Mahindra Bank were among the top losers in the 30-share BSE index.

In contrast, ITC, Sun Pharma, Hindustan Unilever, SBI, NTPC, L&T, Mahindra & Mahindra, Bajaj Finance and Infosys closed in the green.

Source

Related Articles

Leave a Reply

Your email address will not be published.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

Back to top button
sekabet - casinomeritroyal.com -

superbetinx.com

- adana eskort - eskort eskişehir - samsun eskort - bursa eskort - eskort mersin -

web tasarım