Sensex ends 277pts lower, Nifty 73pts; L&T, Bajaj twins slip; banks rebound
In the primary market, Venus Pipes & Tubes IPO was subscribed 2 times on Day 1 of the offer period; Delhivery IPO was off to a slow start.
Technical View: Rupak De, Senior Technical Analyst at LKP Securities
Nifty recovered smartly from the day's low before closing with a marginal loss. On the lower end, it found support at 16000 as it closed at 175 points off the day's low. On the daily chart, a large lower wick indicates buying at the lower level. On the higher end, the Nifty is likely to move towards 16400. On the lower end, support is seen at 16100/15950.
Market view: S Ranganathan, Head of Research at LKP Securities
Indices displayed extreme volatility today ahead of the CPI & IIP data this week. While we did see a sharp recovery in Indices during afternoon trade, the market breadth was very weak with several stocks in the broader market taking a big knock-on selling pressure as the small-cap index lost 3 per cent today.
European markets trade on a positive note
US equity futures edge higher ahead of inflation data
Closing bell: Over 2,500 stocks declined whereas 806 advanced
Closing bell: Smallcaps underperform Midcaps; India Vix climbs above 2%
Closing bell: Shree Cements, Bajaj Finserv, L&T top Nifty 50 laggards
Closing bell: ONGC, Axis Bank, IndusInd Bank top Nifty 50 leaders
Closing bell: Nifty Realty best sectoral performer
Closing bell: Nifty IT worst sectoral performer
Closing bell: Sectors swing between gains and losses
Closing bell: Only 10 out of 30 Sensex stocks close in positive territory
Closing bell: Sensex closes lower by over 250 points
Closing bell: Nifty 50 slips below 16,250 levels
Venus Pipes IPO fully subscribed within first few hours of opening
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First Published: May 11 2022 | 8:13 AM IST