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		Photo: Bloomberg</div></div>

CLOSING BELL: Sectorally, the Nifty Realty and PSU Bank indices were the worst hit as they slipped 1.75 per cent and 1.6 per cent on the NSE

Stock market, BSE, sensex, markets

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	<b>CLOSING BELL<br />
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	Stock market highlights:&nbsp;</b>After trading higher for better part of the day, equity markets turned volatile during the afternoon session, and ultimately eneded lower on Wednesday. With this, the equities snapped their two-day gaining streak as the benchmark S&P BSE Sensex gyrated 655 points intra-day before ending at 54,209, down 110 points or 0.2 per cent.</div>
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	The NSE Nifty50, on the other hand, hit an intra-day high and low of 16,400 and 16,211 before shutting shop at 16,240, down 19 points or 0.12 per cent. In the broader markets, the BSE MidCap index dipped 0.13 per cent while the BSE SmallCap index added 0.33 per cent.</div>
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	Sectorally, the Nifty Realty and PSU Bank indices were the worst hit as they slipped 1.75 per cent and 1.6 per cent on the NSE. On the flipside, defensive sectors FMCG and Pharma rose over 1 per cent each.</div>
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	<strong>IPO update</strong></div>
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	<strong>Paradeep Phosphates</strong>: The 3-day offer was subscribed less than 50 per cent till 3:30 PM on the second day of the issue. The subscription was led by retail investors with nearly 90 per cent subscription so far.</div>
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	<strong>Ethos</strong>: The issue was subscribed over 20 per cent on the first day of the issue. While retail investors&#39; portion has been subscribed about 47 per cent, NIIs have, so far, lapped up 2 per cent of the shares reserved for them.&nbsp;</div>

Sensex snaps 2-day gaining streak, slips 110 pts; Ruchi Soya leaps 10%

Business Standard

Sensex snaps 2-day gaining streak, slips 110 pts; Ruchi Soya leaps 10% | News on Markets - Business Standard

China, Hong Kong markets slip into red in Asia

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	<img align="left" alt="chart" class="imgCont" height="172" src="https://bsmedia.business-standard.com/_media/bs/img/article/2022-05/18/full/1652842292-2075.PNG" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0;" title="chart" width="503" />
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		source: finance.yahoo.com</div>
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US markets surge Tuesday as investors gauge inflation risks

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	<img align="left" alt="chart" class="imgCont" height="302" src="https://bsmedia.business-standard.com/_media/bs/img/article/2022-05/18/full/1652842185-8717.PNG" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0;" title="chart" width="590" />
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		source: Reuters</div>
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Good morning readers! Catch all the live market updates here with Business Standard

Good morning readers! Catch all the live market updates here with Business Standard&nbsp;