Sensex slips for 3rd day, ends 237 pts down; HDFC duo top drags, ITC up 2%

CLOSING BELL: HDFC, HDFC Bank, Maruti Suzuki, Dr Reddy's Labs, Tata Motors, PowerGrid, Asian Paints, Bajaj Finserv, Kotak Bank, Titan, Cipla, and Eicher Motors were the top laggards on the Nifty index

Image SI Reporter New Delhi

(Photo: Bloomberg)


Bear-hammering continued on Dalal Street for a third straight day on Wednesday as profit booking in banks and financial stocks weighed on the sentiment. The S&P BSE Sensex closed at 58,339 levels today, down 237 points or 0.4 per cent, while the NSE Nifty shut shop at 17,476, down 55 points or 0.31 per cent. In the intra-day deals, the benchmark indices had hit lows of 58,291 and 17,457 levels, respectively.

HDFC, HDFC Bank, Maruti Suzuki, Dr Reddy's Labs, Tata Motors, PowerGrid, Asian Paints, Bajaj Finserv, Kotak Bank, Titan, Cipla, and Eicher Motors were the top laggards on the Nifty index today, down between 1 and 2 per cent. On the upside, ONGC, Apollo Hospitals, Sun Pharma, ITC, UPL, JSW Steel, and Shree Cement added in the range of 1 to 3 per cent.

Meanwhile, in the broader market, the BSE MidCap index slipped 0.21 per cent but the BSE SmallCap index added 0.27 per cent.

Among sectors, the Nifty Private Bank index was the worst hit as it dipped 1 per cent. On the upside, the Nifty Metal index gained the most, rising 0.57 per cent. 

Global cues
European markets were mixed on Wednesday as investors digested a key inflation print from the US and looked ahead to Thursday's European Central Bank meeting. The pan-European Stoxx 600 slipped fractionally below the flatline in early trade, with retail stocks shedding 1.3 per cent while oil and gas gained 1 per cent.

On Wall Street, the futures linked to the three main indices were up between 0.35 and 0.6 per cent.

In Asia, Japan's Nikkei climbed nearly 2 per cent while China's Shanghai Composite dipped about a per cent.  

4:11 PM

Technical View: Rupak De, Senior Technical Analyst at LKP Securities

Nifty remained volatile with a largely negative bias throughout the session. On the lower end, the index challenged the support levels of 17400-17450. On the higher end, it failed to sustain above 17600. Going ahead, the weakness may continue. Crucial support is seen at 17400, below which a serious correction in the market may be witnessed. On the higher end, resistance is visible at 17600/17800

Between December 2020 and February 2021, traders were supposed to maintain at least 25 per cent of the peak margin

4:04 PM

European markets edge lower ahead of ECB policy outcome

4:02 PM

US equity futures trade on a positive note

3:58 PM

Market view: Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services

Though the global markets have already factored higher levels of inflation owing to high fuel and food prices, the unfavourable numbers dampened investor sentiments. The ECB policy decision will be closely monitored for direction on how the Central bank plans to balance slowing growth and record-high inflation. With the onset of the earnings season, the market is likely to be buoyed by sector specific momentum.

3:54 PM

Closing bell: Over 1,100 stocks advanced whereas 927 declined

3:51 PM

Closing bell: Anand Rathi, AU SFB, BEL among stocks that hit 52-week high

3:44 PM

Closing bell: 11 Sensex stocks close in positive zone

3:42 PM

Closing bell: Maruti, HDFC Twins, Dr Reddy's top Nifty 50 losers

3:41 PM

Closing bell: ONGC, Apollo Hospitals, UPL top Nifty 50 gainers

3:38 PM

Closing bell: Smallcaps outshine Midcaps; India Vix slips below 2%

3:36 PM

Closing bell: Most sectors dive in negative territory

3:34 PM

Closing bell: Sensex closes lower 3-days in a row

3:31 PM

Closing bell: Nifty 50 slips below 17,500 levels

3:30 PM

UK's annual inflation rate highest in 30 years

3:22 PM

HDFC Twins fall nearly 2% each

3:20 PM

IEA lowers global oil demand outlook on Russian supply disruptions

3:10 PM

Investors snap up dollar on hawkish Fed views; yen slumps past 126

The yen led losers against the dollar with the Japanese unit weakening 0.8% to cross the 126 yen to the dollar level for the first time since May 2002. READ MORE HERE

Photo: Paul Yeung/Bloomberg

3:00 PM

Everest Ind gains as investor Ashok Kumar Goel appears in co's 1.1% shareholding


2:51 PM

Stock of this agri products company has zoomed 85% in two months

Shares of Gujarat Ambuja Exports (GAEL) hit a new high of Rs 329.55, on rallying 10 per cent on the BSE in Wednesday’s intra-day trade on the back of heavy volumes in an otherwise subdued market. Read here

Stock of this agri products company has zoomed 85% in two months
2:41 PM

Indian crypto exchanges block deposits via state-backed system, stir alarm

Big Indian crypto exchanges CoinSwitch Kuber and WazirX have disabled rupee deposits for the purchase of cryptocurrency using a widely-used state-backed transfer system, spurring users to voice concern on social media. Read more


Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Apr 13 2022 | 8:15 AM IST

Explore News