- Seven of top-10 firms add Rs 1.16 trn in m-cap; HDFC Bank lead gainer
- Macro data, global cues to dictate market trend this week: Analysts
- Sebi tweaks SOP in case of defaults by trading and clearing members
- SJS Enterprises gains 12% on healthy business outlook
- New import policy to buoy paper stocks in medium-to-long term: Analysts
- BPCL extends losses into 3rd day as Centre calls off privatisation process
- PSUs in focus: Coal India may hit new all-time high; BPCL could fall 11%
- ONGC tumbles 6% to hit four-month low; stock down 27% from 52-week-high
- Page Industries gains 8% on strong operational performance in March quarter
- Muthoot Finance sinks 9% on weak Q4 result; analysts bearish on stock
Sensex drops 393 pts from day's high, ends 67 pts down; Nifty holds 15,700
Sectorally, all but the Nifty IT index ended 0.6 per cent higher. All other indices settled lower with the Nifty Media index down 0.8 per cent and the Nifty Bank index down 0.7 per cent
Stock market updates: Equity markets ended the last day of the first half of calendar year 2021 (H1-CY21) in the red as US stock futures indicated a weak start on Wall Street later in the day. Dow Jones Futures were down 150 points, or 0.45 per cent, at 2:45 PM while S&P 500 Futures and Nasdaq Composite Futures slipped 0.3 per cent each.
In Europe as well, shares fell on Wednesday as worries about rising inflation and the Delta variant of the novel coronavirus hit economically sensitive sectors. The pan-European Stoxx 600 fell 0.9 per cent by mid-morning, with autos tumbling 2.4 per cent.
In Asia, shares ended mixed. Japan's Nikkei dipped 0.07 per cent but South Korea's Kospi and China's Shanghai Composite added 0.3 per cent and 0.5 per cent, respectively.
Given this, the frontline S&P BSE Sensex cooled off 393 points from day's high to end at 52,483 levels, down 67 points or 0.13 per cent. The Nifty50 also eased 27 points, or 0.17 per cent, to settle at 15,721 level.
Index heavyweights Reliance Industries, Infosys, Maruti Suzuki, TCS, and Nestle India gained between 0.6 per cent and 1.2 per cent to support the indices even as losses in ICICI Bank, HDFC, HUL, HDFC Bank, Bajaj Finserv, Tata Steel, and Tech Mahindra capped gains.
Trend in the broader markets was mixed. The BSE MidCap index slipped 0.03 per cent while the BSE SmallCap index ended 0.56 per cent up.
Sectorally, all but the Nifty IT index ended 0.6 per cent higher. All other indices settled lower with the Nifty Media index down 0.8 per cent and the Nifty Bank index down 0.7 per cent.
Shares of Cipla hit a record high of Rs 997.20 as they rose nearly 2 per cent on the BSE in intra-day trade on Wednesday after the Drugs Controller General of India (DCGI) permitted the firm to import Moderna's Covid Vaccine with emergency use authorisation in India. In the past two days, the scrip has gained 4 per cent. READ MORE
Shares of Uflex hit a fresh lifetime high after they zoomed 20 per cent to Rs 573 on the BSE in intra-day trade on Wednesday on the back of a robust March quarter (Q4FY21) result. India's largest multinational flexible packaging company and a global player in polymer sciences posted 163 per cent year on year (YoY) jump in its consolidated net profit at Rs 264.7 crore supported by healthy operational performance. READ MORE