Indices fall for 5th day; Sensex cracks 703 pts, Nifty gives up 17,000

CLOSING BELL: Reliance Industries (RIL; up 3.5 per cent) was the top gainer on the 30-pack index. he draggers on the index were HDFC (down 6 per cent), HDFC Bank (down 4.2 per cent)

Image SI Reporter New Delhi
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A sudden sell-off during the fag-end of the session drove the markets down for a fifth straight day on Tuesday. Domestic and global markets were hit hard today after Ukraine said on Monday that a long-expected offensive push into the Donbas region in eastern Ukraine has started, with intensified assaults in the north and east of the country.

The benchmark S&P BSE Sensex plunged 1,183 points from the day's high and settled 703 points down at 56,463 levels. The index had hit an intra-day low of 56,009 level.  

The NSE Nifty50, on the other hand, broke below the psychological level of 17,000 and ended at 16,959, down 215 points. Both the indices slipped 1.2 per cent each.

Reliance Industries (RIL; up 3.5 per cent) and ICICI Bank (up 0.16 per cent) were the only gainer on the 30-pack index. The draggers on the index were HDFC (down 6 per cent), HDFC Bank (down 4.2 per cent), ITC, Tech M, Infosys, Nestle India, and HCL Tech.

In the broader markets, the BSE MidCap and SmallCap indices declined up to 1.2 per cent. Sectorally, the Nifty Realty, FMCG, and IT indices slipped 3.5 per cent each, followed by the Nifty Financial Services index (down 2.5 per cent).

Global markets
European stocks were lower on Tuesday, with investors' attention focused on the latest developments in the war between Russia and Ukraine. The pan-European Stoxx 600 slid 0.8 per cent in early trade. On Wall Street, futures linked to all the main three indices were down between 0.14 per cent and 0.4 per cent.

4:06 PM

US equity futures trade on a negative note

4:02 PM

Rupee weakens 19 paise against US dollar

3:56 PM

Closing bell: Over 1,500 stocks declined whereas 508 advanced

3:51 PM

Closing bell: HDFC Twins, HDFC Life, SBI Life top Nifty 50 losers

3:47 PM

Closing bell: Apollo Hospitals, Coal India, RIL top Nifty 50 gainers

3:42 PM

Closing bell: Nifty IT worst sectoral loser; Mindtree, L&T Infotech nosedive below 8%

3:39 PM

Closing bell: Broader markets subdued; India Vix spikes over 2%

3:36 PM

Closing bell: All sectors drown in red; IT, FMCG stocks bleed

3:34 PM

Closing bell: Only 2 out of 30 Sensex stocks close in green

3:33 PM

Closing bell: Sensex sheds over 700 points

3:32 PM

Closing bell: Nifty 50 sinks below 16,900 levels

3:25 PM

Sensex heatmap: Only 2 out of 30 stocks hold gains

3:14 PM

Trading strategies for beaten down HDFC twins, bank stocks

HDFC twins, HDFC in particular, may see some more downward pressure; whereas PSU banks like SBI, Canara Bank and BoB can rally up to 9 per cent. READ MORE HERE


3:07 PM

Bears tighten grip :: Sensex slides nearly 500 pts in a sudden sell-off

2:55 PM

IT stocks extend decline; L&T Infotech, Mindtree slump over 5%

2:49 PM

Refinery margins, inventory gains to offset losses on petrol, diesel: Fitch

The three fuel retailers kept petrol and diesel prices unchanged for a record 137-days between November 2021 and March 2022 despite a nearly USD 27 per barrel rise in crude oil prices. READ MORE HERE

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2:37 PM

Dabur India to induct 100 EVs for last-mile product distribution

Homegrown FMCG major Dabur India Ltd on Tuesday said it plans to induct a fleet of 100 electric vehicles (EVs) in its supply chain for last-mile product distribution in the next 12 months. READ MORE HERE


2:29 PM

Nifty Energy gains over 2% led by RIL, GAIL, IOC

2:19 PM

BSE Energy index surges 3%, hits record high; MRPL zooms 20%, RIL up 4.5%

Shares of Reliance Industries (RIL) was close to its record high level of Rs 2,750 touched on October 19, 2021. READ MORE HERE


2:07 PM

Market check: Nifty 50 off day's low, moves above 17,250 levels

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First Published: Apr 19 2022 | 8:12 AM IST

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