CLOSING BELL :: The S&P BSE Sensex opened gap-down and sunk 1,386 points intra-day to hit a low of 52,702 levels

market

<b>CLOSING BELL<br />
<br />
Stock market highlights:&nbsp;</b>Inflationary and interest rate hike headwinds, that have emerged as a fallout of the Ukraine-Russia war and easy monetary policy, are biting into equity returns. As a result, bear-run on the bourses entered its fifth straight day on the weekly F&O expiry day, with the benchmark indices sliding over 2 per cent each. They also closed at their respective 9-week lows.<br />
<br />
<div>
	The S&P BSE Sensex opened gap-down and sunk 1,386 points intra-day to hit a low of 52,702 levels. It, eventually, closed at 52,930, down 1,158 points with 28 constituents in the red zone. On the NSE, the Nifty50 breached below the 15,750-mark in the intra-day trade before ending at 15,808, down 359 points.&nbsp;</div>
<br />
<div>
	While Wipro and HCL Tech was the sole gainers (up 0.7 per cent and 0.1 per cent, respectively) on frontline indices, losses were led by IndusInd Bank and Adani Ports (down 6 per cent each), Tata Steel, Tata Motors, Bajaj twins, Hindalco, Axis Bank, HDFC duo, Titan, L&T, JSW Steel, and SBI.</div>
<br />
<div>
	In the broader markets, the BSE MidCap index fell 2.2 per cent and the BSE SmallCap index shed 1.9 per cent.</div>
<br />
<div>
	Sectorally, all the key indices closed in the negative zone with the Nifty PSU Bank index seeing the worst knock, down over 5 per cent.</div>
<br />
<div>
	<strong>IPO update</strong></div>
<div>
	<strong>Delhivery:</strong> The Rs 5,235-crore initial public offer of the logistic company with a tech-based model has failed to garner investor interest. The issue, so far, has been subscribed just 23 per cent with none of the portions reserved for employees, retail, and QIBs, getting fully subscribed at the end of day 2.&nbsp;</div>
<br />
<div>
	<strong>Prudent Corporate Advisory</strong>: The issue managed to sail through on the final day with 1.09 times subscription at 3:30 PM. Retail, Employee, and QIB quotas have been subscribed over 1x each while NII quota has seen 50 per cent subscription level.</div>
<br />
<div>
	<strong>Venus Pipes and Tubes</strong>: This IPO has seen subscription levels of 4x on Day 2 with retail investors applying for 6.8 times the shares reserved for them. NIIs, too, bid for 2x the shares reserved for them.&nbsp; &nbsp;</div>

Indices end at 9-wk lows ahead of CPI inflation data; Sensex drops 1,158pts

Business Standard

Indices end at 9-wk lows ahead of CPI inflation data; Sensex drops 1,158pts | News on Markets - Business Standard

Oil prices lower in trade after rising 6% on Wednesday

<div style="float: left;">
	<img align="left" alt="chart" class="imgCont" height="156" src="https://bsmedia.business-standard.com/_media/bs/img/article/2022-05/12/full/1652324636-5764.PNG" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0;" title="chart" width="318" />
	<div style="float: left; clear: both; font-style:italic; padding: 10px 10px 10px 0px; width:318px;">
		Source: oilprice.com</div>
</div>
<br />

US stock futures rise after lower closing for Wall Street on Wednesday

<div style="float: left;">
	<img align="left" alt="chart" class="imgCont" height="89" src="https://bsmedia.business-standard.com/_media/bs/img/article/2022-05/12/full/1652324494-8437.PNG" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0;" title="chart" width="518" />
	<div style="float: left; clear: both; font-style:italic; padding: 10px 10px 10px 0px; width:518px;">
		source: finance.yahoo.com</div>
</div>
<br />

Asian markets trade in red tracking global weakness

<div style="float: left;">
	<img align="left" alt="chart" class="imgCont" height="202" src="https://bsmedia.business-standard.com/_media/bs/img/article/2022-05/12/full/1652324308-1639.PNG" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0;" title="chart" width="499" />
	<div style="float: left; clear: both; font-style:italic; padding: 10px 10px 10px 0px; width:499px;">
		source: finance.yahoo.com</div>
</div>
<br />

US markets tumble Wednesday as US April CPI comes near 40-year high

<div style="float: left;">
	<img align="left" alt="chart" class="imgCont" height="309" src="https://bsmedia.business-standard.com/_media/bs/img/article/2022-05/12/full/1652324135-8635.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>
</div>
<br />

Good morning readers! Catch all live market updates here with Business Standard