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Indices end in the red but bulls fight back; HDFC shines after Q4 show

After plunging over 600 points in intraday trade, the 30-share BSE Sensex recouped most losses to end 84.88 points or 0.15 per cent lower at 56,975.99

US Federal Reserve | HDFC | Wipro

Press Trust of India  |  Mumbai 

(Photo: Bloomberg)

Equities remained under pressure for the second session running on Monday as investors stayed on the sidelines ahead of a crucial meeting of the this week where it is expected to go for an aggressive rate hike to tame runaway inflation.

A weak rupee and persistent foreign fund outflows further weighed on bourses, though encouraging domestic macroeconomic data like all-time high GST collections and strong manufacturing PMI cushioned the fall.

After plunging over 600 points in intraday trade, the 30-share BSE Sensex recouped most losses to end 84.88 points or 0.15 per cent lower at 56,975.99.

On similar lines, the broader NSE Nifty shed 33.45 points or 0.20 per cent to close at 17,069.10.


Titan was the biggest laggard in the Sensex pack, tumbling 2.95 per cent, followed by Wipro, Tech Mahindra, Infosys, Asian Paints, Maruti, SBI and Kotak Bank.

In contrast, IndusInd Bank, NTPC, PowerGrid, Tata Steel, and ITC were among the prominent gainers, rising as much as 4.17 per cent.

advanced 1.55 per cent after the country's largest mortgage lender reported a 16 per cent rise in standalone net profit to Rs 3,700 crore for the March 2022 quarter. Bank too rose 1.33 per cent.

The market breadth was negative, with 19 declines and 11 advances.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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First Published: Tue, May 03 2022. 01:20 IST