CLOSING BELL: Bajaj Auto, HDFC Bank, ICICI Bank, Axis Bank, HDFC, Nestle India, Bharti Airtel, and Kotak Bank were the only gainers, rising up to 2 per cent

ICICI, HDFC Bank lift Sensex off lows, ends 617pts down; Tata Steel dips 4%

markets, investor, stock market, broker, trader

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	<b>CLOSING BELL</b><br />
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		Equity markets fell for a second day on Monday as high commodity prices, fears of tighter policy regime, and rising Covid-19 cases weighed on the investor sentiment.</div>
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		The frontline S&P BSE Sensex tumbled over 800 points intra-day before closing at 56,580, down 617 points or 1.08 per cent. The NSE Nifty50, on the other hand, breached below the 16,900-mark intra-day to hit a low of 16,888. It ended at 16,985, down 187 points or 1.09 per cent.</div>
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		<strong>ALSO READ: <a href="https://www.business-standard.com/article/markets/sensex-plunges-1-500-pts-in-two-days-key-factors-denting-market-sentiment-122042500590_1.html" target="_blank">Sensex plunges 1,500 pts in two days; key factors denting market sentiment</a></strong></div>
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		Bajaj Auto, HDFC Bank, ICICI Bank, Axis Bank, HDFC, Nestle India, Bharti Airtel, and Kotak Bank were the only gainers on the Nifty50 index, rising up to 2 per cent. On the downside, Coal India, BPCL, Tata Steel, SBI Life, Hindalco, Tata Motors, and Sun Pharma shed up to 6.5 per cent.</div>
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		The broader indices, meanwhile, underperformed on the bourses and slipped 1.8 per cent each with Tata Communications, Jubilant Foodworks, Cummins India, Oberoi Realty, Future Group shares, and Birla Tyres sliding between 5 per cent and 20 per cent.</div>
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		<a href="https://www.business-standard.com/markets-stocks" target="_blank"><strong>SEE MARKET SNAPSHOT HERE</strong></a></div>
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		Sectorally, only the Nifty Private Bank index ended the day in the green zone, up 0.44 per cent. The Nifty Realty index was the worst hit, down 4 per cent, followed by the Nifty Metal index (down 3 per cent).</div>
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		<strong>Global markets</strong></div>
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		Mainland Chinese indexes led losses as Asia-Pacific markets fell sharply on Monday following a sell-off on Wall Street on Friday. The Shenzhen component tumbled 6.08 per cent to 10,379.28 while the Shanghai composite declined 5.13 per cent to 2,928.51.&nbsp;</div>
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		Meanwhile, the pan-European Stoxx 600 index opened 1.3 per cent lower with all sectors in negative territory.&nbsp;</div>
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MARKET LIVE: Sensex down 500 pts, Nifty tests 17K; ICICI Bk up 1.5%

Business Standard

MARKET LIVE: Sensex down 500 pts, Nifty tests 17K; ICICI Bk up 1.5% | News on Markets - Business Standard

ICICI Bank in focus: Lender's net profit up 59% in Q4; beats street estimates

Private sector lender ICICI Bank reported a 59 per cent jump in net profit in January-March quarter of FY22, aided by robust increase in net interest income (NII) and lower provisions. <a href="https://www.business-standard.com/article/companies/icici-bank-s-net-profit-up-59-in-q4-beats-street-estimates-122042300661_1.html" target="_blank"><strong>Read more</strong><br />
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<img alt="ICICI Bank" src="https://bsmedia.business-standard.com/_media/bs/img/article/2021-07/24/full/1627124469-0946.jpg?im=Resize,width=640" /></a>

MPC meeting minutes show controlling inflation now RBI's priority

Almost all members of India&#39;s monetary policy committee argued in favour of action to curb inflationary pressures at their April 6-8 meeting despite continuing risks to economic growth, minutes released on Friday showed. <strong><a href="https://www.business-standard.com/article/economy-policy/inflation-risks-growth-recovery-topped-rbi-mpc-members-agenda-122042201054_1.html" target="_blank">Read here</a></strong><br />
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<img alt="RBI Governor Shaktikanta Das" src="https://bsmedia.business-standard.com/_media/bs/img/misc/2022-02/10/full/rbi-governor-shaktikanta-das-1644468233-75662700.jpg?im=Resize,width=640" />

Adani Wilmar, Ruchi Soya eyed: Indonesia's edible oil export ban to begin April 28

<div style="float: left; max-width: 600px;">
	<img align="" alt="Bottles of sunflower oil move along the production line at the EFKO JSC plant in Alekseyevka, Russia, on Friday, April 30, 2021. Photo: Bloomberg" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2022-03/04/full/1646364216-0845.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="sunflower oil" width="620" />
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		Photo: Bloomberg</div>
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ALERT: China reports 51 new Covid-19 deaths, highest ever since pandemic began

<blockquote class="twitter-tweet">
	<p dir="ltr" lang="en">
		BREAKING: Shanghai reports 51 new daily coronavirus deaths, the most since the pandemic began</p>
	&mdash; The Spectator Index (@spectatorindex) <a href="https://twitter.com/spectatorindex/status/1518399668816072704?ref_src=twsrc%5Etfw">April 25, 2022</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

Early bird Q4 results hint at slowdown for India Inc in upcoming quarters

The early bird results for the January-March 2022 quarter (Q4FY22) hint at a slowdown in corporate sector growth in the upcoming quarters. The combined net sales of the 81 early bird companies in the Business Standard sample were up 15.1 per cent year-on-year in Q4FY22. <a href="https://www.business-standard.com/article/companies/early-bird-q4-results-hint-at-slowdown-for-india-inc-in-upcoming-quarters-122042401046_1.html" target="_blank"><strong>Read here</strong><br />
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<img src="https://bsmedia.business-standard.com/_media/bs/img/hp/home-page/2022-04/25/5784/thumb/1649614651-7631.jpg?im=Resize,width=370" /></a>

SGX Nifty futures crack 200 pts; Nifty50 may open at 17K

<div style="float: left;">
	<img align="left" alt="chart" class="imgCont" height="188" src="https://bsmedia.business-standard.com/_media/bs/img/article/2022-04/25/full/1650855829-2349.PNG" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0;" title="chart" width="456" />
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		source: investing.com</div>
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Rupee closes 32 paise higher against USD on Friday

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	<img align="left" alt="chart" class="imgCont" height="249" src="https://bsmedia.business-standard.com/_media/bs/img/article/2022-04/25/full/1650855671-0555.PNG" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0;" title="chart" width="531" />
	<div style="float: left; clear: both; font-style:italic; padding: 10px 10px 10px 0px; width:531px;">
		source: bloomberg</div>
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China ramps up Covid restrictions; Brent crude falls 2.6% to $104/bbl

<div style="float: left;">
	<img align="left" alt="chart" class="imgCont" height="160" src="https://bsmedia.business-standard.com/_media/bs/img/article/2022-04/25/full/1650855542-381.PNG" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0;" title="chart" width="307" />
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		source:oilprice.com</div>
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US stock futures negative after spot market slips up to 3% Friday

<div style="float: left;">
	<img align="left" alt="chart" class="imgCont" height="100" src="https://bsmedia.business-standard.com/_media/bs/img/article/2022-04/25/full/1650855390-5301.PNG" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0;" title="chart" width="512" />
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		source: finance.yahoo.com</div>
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Asian markets tank in early deals tracking weak global cues

<div style="float: left;">
	<img align="left" alt="chart" class="imgCont" height="344" src="https://bsmedia.business-standard.com/_media/bs/img/article/2022-04/25/full/1650855226-5615.PNG" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0;" title="chart" width="502" />
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		source: finance.yahoo.com</div>
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<div style="float: left;">
	<img align="left" alt="chart" class="imgCont" height="316" src="https://bsmedia.business-standard.com/_media/bs/img/article/2022-04/25/full/1650855063-4344.PNG" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0;" title="chart" width="590" />
	<div style="float: left; clear: both; font-style:italic; padding: 10px 10px 10px 0px; width:590px;">
		source: Reuters</div>
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US markets plunge on Friday, Dow posts biggest intra-day fall since 2020

<div style="float: left;">
	<img align="left" alt="chart" class="imgCont" height="297" src="https://bsmedia.business-standard.com/_media/bs/img/article/2022-04/25/full/1650854832-979.PNG" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0;" title="chart" width="596" />
	<div style="float: left; clear: both; font-style:italic; padding: 10px 10px 10px 0px; width:596px;">
		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;