Tuesday, December 23, 2025 | 10:25 PM ISTहिंदी में पढें

Home / Markets / News / Sensex sheds 867pts, Nifty 272pts; IT, financials crack; ITC bucks trend

Live Blog

Sensex sheds 867pts, Nifty 272pts; IT, financials crack; ITC bucks trend

The Midcap and Smallcap indices declined over 2 per cent each; The breadth too favoured the bears in 3:1 ratio.

SI Reporter New Delhi

MARKET LIVE: Sensex sinks 800pts, Nifty near 16,450; Bajaj twins shed 4%

The key benchmark indices ended with significant losses amid a global market rout as record high inflation fueled fears of a faster rate hike, threatening the world economies.

The S&P BSE Sensex tumbled to a low of 54,587, and finally settled 867 points lower at 54,835. In the process, the BSE index was down 3.9 per cent (2,226 points) for the week. Similarly, the NSE Nifty plunged 272 points to 16,411, ending the week with a huge loss of 4 per cent.

Financial and IT shares bore the brunt of the selling pressure. Bajaj Finance slumped 4.8 per cent, while Bajaj Finserv tanked 3.5 per cent. Axis Bank shed 4 per cent. Nestle India too declined over 3 per cent.

Wipro, HDFC, Infosys, HDFC Bank, UltraTech Cement, Titan, TCS, IndusInd Bank and Asian Paints were the other major losers. Reliance Industries was down 0.6 per cent ahead of its Q4 numbers.

On the positive front, Tech Mahindra and PowerGrid Corporation rallied over 2 per cent each. ITC, SBI and NTPC were the other notable gainers.

The broader markets also ended with steep losses. The BSE Midcap and Smallcap indices were down over 2 per cent each. The overall breadth too was fairly bearish, with more than 2,500 declining stocks versus 850 advancing shares on the BSE.

Sectorally, the BSE metal and realty indices slumped over 3 per cent each. The IT and Consumer Durables indices were the other major losers, down over 2 per cent each. The Auto, Bankex and Healthcare indices declined 1.7 per cent each.

BS Special :: Chris Wood on India

India remains Asia's best long-term structural story in terms of equities and investors should buy their favourite stocks on a decline, suggested Christopher Wood, global head of equity strategy at Jefferies in his latest note to investors, GREED & fear. READ MORE

LIC IPO

The mega LIC IPO has been subscribed 1.27 times, as of 03:40 PM with policyholders and employees driving the demand.

4:08 PM

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

Nifty formed a Doji pattern on the daily chart, suggesting a pause in the correction. The daily RSI is in a bearish crossover. A sustain basis support is visible at 16350; if not broken, a strong recovery will be seen in the market. On the higher end, the index may move towards 16600.

4:00 PM

Market view: Vinod Nair, Head of Research at Geojit Financial Services

A steep crash in the US stocks as the market evaluated the need for a higher rate hike to tame elevated inflation levels wounded global markets with heavy selling. The Bank of England while raising its interest rates, warned about a possible risk of recession, aggravating investor fears. This period of volatility is the time for smart money to look for opportunities with buy-in-dip as the strategy with a focus on sectors that are expected to be least impacted by inflation & yield rise.

3:55 PM

Closing bell: Over 2,500 stocks declined whereas 839 advanced

3:51 PM

Closing bell: Bajaj Finance, Divi's Lab, Shree Cements top Nifty 50 losers

3:47 PM

Closing bell: Hero Moto, Tech Mahindra, Power Grid top Nifty 50 losers

3:44 PM

Closing bell: Broader markets muted; India Vix spikes above 4%

3:41 PM

Closing bell: Nifty Realty worst sectoral performer

3:40 PM

Closing bell: All sectors drown in negative zone

3:37 PM

Closing bell: Only 7 out of 30 Sensex stocks close in positive territory

3:35 PM

Closing bell: Over 850 points downfall for Sensex

3:32 PM

Closing bell: Nifty 50 ends trade on muted note, sinks below 16,400

3:24 PM

Tata Steel's Europe bet pays off after 15 years and major cost takeout

In FY22, Tata Steel reported highest ever consolidated EBITDA of Rs 63,830 cr and Europe contributed significantly with EBITDA of Rs 12,164 cr. READ MORE HERE

3:14 PM

Nifty Realty tanks nearly 4%; Sobha at bottom of the heap

3:09 PM

Investors wealth tumbles over Rs 5.10 trn in early trade due to weak trends

Tracking an extremely weak trend in equities, the market capitalisation of BSE-listed firms tumbled Rs 5,10,150.97 crore to Rs 2,54,54,738.40 crore in initial deals. READ MORE HERE

3:02 PM

RIL declines over 1% ahead of Q4 results

Connect with us on WhatsApp

Topics : Sensex MARKET LIVE Markets Nifty Q4 Results Russia Ukraine Conflict stock markets Dalal Street Adani Power Reliance Industries Canara Bank BSE NSE LIC IPO

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

First Published: May 06 2022 | 8:16 AM IST