Sensex bounces 563 pts off lows, ends 87 pts down; Nifty holds 17,050
CLOSING BELL: IndusInd Bank, NTPC, Tata Steel, HDFC, PowerGrid, and ITC were the major gainers
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CLOSING BELL
Domestic equities bounced back sharply off lows in the fag-end of the session and ended around flat line on Monday. The reversal came as US Futures indicated a positive start on Wall Street later today.
The S&P BSE Sensex had hit a low of 56,412.62 on the BSE in early morning deals, but eventually ended at 56,976, down 85 points or 0.15 per cent. The NSE Nifty50, meanwhile, closed at 17,069, down 33 points or 0.21 per cent.
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ALSO READ: Can the Nifty 50 index hit 15,000 in three months?
IndusInd Bank was the top gainer on the Sensex index today, settling 4 per cent, after the lender reported better-than-expected Q4 results. NTPC, Tata Steel, HDFC, PowerGrid, and ITC were the other major gainers. On the downside. Titan Company slipped 3 per cent, followed by Wipro, Tech M, Infosys, Maruti Suzuki, and Asian Paints.
In the broader markets, the BSE MidCap and SmallCap indices closed 0.45 per cent and 0.8 per cent down, respectively. Sectorally, the Nifty Metal and Private Bank indices were the top gainers on the NSE (gaining 0.5 per cent each), while the Nifty IT (down 1.5 per cent) was the worst hit.
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ALSO READ: Is the US Fed rate hike always bad for equity markets?
Global market
European markets started on a weaker footing, with the German DAX down 0.9 per cent in morning deals, while the French CAC was down 1.6 per cent. On Wall Street, futures linked to all the main indices were up about 0.5 per cent each.
Earlier in Asia, Japan's Nikkei slipped 0.11 per cent, while South Korea's Kospi dipped 0.28 per cent.
3:57 PM
MARKET RECAP :: Benchmarks recouped losses as factory output for April improved
Markets opened gap down on the back of weak global cues ahead of the FOMC meet but managed to recoup most of the losses as factory output for April improved sequentially amidst input cost inflation.
Banks led the recovery on expectations of higher credit growth this fiscal and the broader markets despite being a bit sluggish ahead of a trading holiday tomorrow witnessed accumulation in select pockets like standalone refineries and hospitality
Views by: S Ranganathan, Head of Research at LKP Securities
Banks led the recovery on expectations of higher credit growth this fiscal and the broader markets despite being a bit sluggish ahead of a trading holiday tomorrow witnessed accumulation in select pockets like standalone refineries and hospitality
Views by: S Ranganathan, Head of Research at LKP Securities
3:56 PM
Tech view :: 'The volatility likely to continue ahead of the Fed policy'
>> The Bank Nifty index managed to hold the support level of 35,500 after having a gap-down opening.
>> The volatility is likely to continue ahead of the Fed policy and a clear-cut direction will be visible post the event.
>> The index is still trading below its 200-DMA which is placed at 36,950
Views by: Kunal Shah - Senior Technical & Derivative Analyst at LKP Securities
>> The volatility is likely to continue ahead of the Fed policy and a clear-cut direction will be visible post the event.
>> The index is still trading below its 200-DMA which is placed at 36,950
Views by: Kunal Shah - Senior Technical & Derivative Analyst at LKP Securities
3:54 PM
BSE Stats :: 278 stocks hit upper circuits in a weak market
3:53 PM
BUZZING STOCKS :: Wipro declines on margin concerns post Q4 nos
3:52 PM
BUZZING STOCKS :: Solara Active Pharma slips 20% after Rajender Rao resigns as MD & CEO
3:51 PM
BUZZING STOCKS :: Tata Chemicals rallies 10% on solid Q4
>> The company reported a consolidated profit after tax (PAT) of Rs 470 crore in March quarter, against Rs 29 crore in the corresponding quarter of last year.
3:50 PM
BUZZING STOCKS :: Chennai Petroleum zooms 10% in a weak market
3:48 PM
Infosys, RIL, Titan :: Stocks that kept the upside in check on the Sensex
3:47 PM
Broader market :: BSE SmallCap index underpeforms
>> Index endsat 28,361.78,down 250.14 points or 0.87%
3:43 PM
Broader market :: BSE MidCap index trades range-bound on Monday
>>Index ends at 24,303.98, down 114.06 points or 0.47%
3:41 PM
Sector check :: IT stocks fail to recover
3:40 PM
Sensex Heatmap :: IndusInd Bank, NTPC soar in a weak market
3:39 PM
CLOSING BELL :: Nifty holds 17,050
3:37 PM
CLOSING BELL :: Sensex ends near flat line in a volatile trade
3:26 PM
IDBI Bank posts 35% net profit at Rs 691 cr in Q4 as NPAs fall to 19.14%
IDBI Bank on Monday posted 35 per cent rise in net profit at Rs 691 crore for the quarter ended March 2022 due to fall in bad loan provisions as NPAs came down.
Topics : Sensex Stock Market MARKET LIVE MARKET WRAP Markets Nifty Russia Ukraine Conflict BSE NSE Q4 Results Brent crude stock markets Dalal Street Wipro HDFC Maruti Suzuki Tata Motors
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First Published: May 02 2022 | 8:06 AM IST
