Sensex falls 388 pts, Nifty holds 17,500; private banks shine, metals crack
CLOSING BELL: Axis Bank, Kotak Bank, Maruti Suzuki, Power Grid, SBI Life, and ICICI Bank were the top winners on the benchmark indices, rising upwards of 0.5 per cent each
ALSO READ | Sensex slides 871 pts in 2 days: Key factors spooking the markets
Shares of shipbuilding & allied services companies are in focus as they rallied up to 14 per cent on the BSE in Tuesday’s intra-day trade on expectations of strong earnings. These companies are likely to report highest ever turnover for the financial year 2021-22 (FY22). READ MORE
On Wall Street, Nasdaq Composite Futures were mildly higher, while Dow Jones and S&P500 Futures were up to 0.12 per cent lower.
Technical View: Rupak De, Senior Technical Analyst at LKP Securities
Nifty slipped lower as it broke the support of 17600. On the lower end, it found support around 17400 before closing about 90 points off the day's low. The bias, however, remains weak as the Nifty ended below the support of 17600, which is likely to act as resistance going forward. On the lower end, 17400 may continue to act as support below which the Nifty may witness a serious correction.
Market view: Vinod Nair, Head of Research at Geojit Financial Services
Hyperinflation & risk of a policy rate hike are placing the global market on its toes and are impacting the performance of equities with a rise in yield. Inflation in India is also expected to be on the higher side in Q1FY23, it is expected to subside due to a reversal of commodity prices and improvement in supply. The domestic market is also cautious in anticipation of Q4 results.
Rupee depreciates 23 paise against US dollar
Closing bell: Over 1,500 stocks declined whereas 545 advanced
Closing bell: Hindalco, Coal India, Grasim top Nifty 50 losers
Closing bell: Axis Bank, Kotak Bank, Power Grid top Nifty 50 gainers
Closing bell: Nifty Realty ends as worst sectoral performer
Closing bell: Broader markets trade tepid; India Vix slips in red
Closing bell: Barring banks and autos, all sectors close in negative zone
Closing bell: Sensex closes lower by over 350 points
Closing bell: Only 8 Sensex stocks close in positive territory
Closing bell: Nifty 50 slips below 17,550 levels
Bandhan Bank hits 6-month high; gains 9% in 3 days post HDFC stake sale
Energy basket lose steam; Tata Power slips below 3%
Coal India's capital expenditure grows 12% to Rs 14,834 cr in FY22
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First Published: Apr 12 2022 | 8:15 AM IST