CLOSING BELL: More than 20 of the 30 Sensex stocks and 30 of the 50 Nifty counters ended in the negative zone. These included HCL Tech, Infosys, L&T, Wipro, Asian Paints, HDFC, and HDFC Bank

MARKET LIVE: Sensex down 450 pts, Nifty tests 17650; Infy, HCL Tech slip 2%

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<b>CLOSING BELL</b><br />
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	Benchmark indices were back in the red after a one-day hiatus on Monday as tepid global sentiment and rising bond yields dented the rally in equities. European and Asian markets traded lower today, marking the beginning of a week with key central bank meetings and US inflation prints.</div>
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	Meanwhile, yields on 10-year government securities hit their 3-year high of 7.192 per cent in the money market, reflecting inflationary concerns and expectations of faster rate hikes by the RBI in months ahead.</div>
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	Against this backdrop, the BSE Sensex index fell 483 points, or 0.8 per cent, to end the day at 58,965. On the NSE, the Nifty50 index closed at 17,683, down 101 points or 0.6 per cent. Both the indices had hit a low of 59,356 and 17,651, respectively.</div>
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	More than 20 of the 30 Sensex stocks and 30 of the 50 Nifty counters ended in the negative zone. These included HCL Tech, Infosys, L&T, Wipro, SBI Life, Asian Paints, HDFC, HDFC Bank, and Axis Bank, falling up to 2.7 per cent.</div>
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	On the upside, Grasim, Adani Ports, JSW Steel, UPL, Cipla, Apollo Hospitals, and BPCL were the top large-cap gainers, adding between 1 and 3 per cent.&nbsp;</div>
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	In the broader markets, though, the BSE Midcap and SmallCap indices advanced 0.4 per cent each. Among sectors, the Nifty IT and Financial Services indices were the worst hit, falling 1.4 per cent and 0.5 per cent, respectively. On the flipside, the Nifty Oil and Gas, and Realty indices gained the most in a weak market, rising up to 1.8 per cent.</div>
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	Overall, more than 2,000 stocks ended in the positive zone on the BSE, while around 1,500 stocks ended in the red. BSE&#39;s total market-cap reached Rs 275.37 trillion.</div>
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	<strong>Buzzing stocks</strong></div>
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	Shares of <strong>Veranda Learning Solutions</strong> opened 15 per cent higher at Rs 157 against its issue price of Rs 137 per share on the BSE on Monday. They ended at the day&#39;s high level of Rs 165. <a href="https://www.business-standard.com/article/markets/veranda-lists-15-higher-over-issue-price-on-bse-down-5-on-nse-122041100263_1.html?1649654171" target="_blank"><strong>READ MORE</strong></a></div>
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	<strong>Hindustan Aeronautics</strong> hit a fresh all-time high following reports that the company emerged as the lowest bidder to make five Polar Space Launch Vehicles (PSLVs) for ISRO. The stock rallied to almost 4.50 per cent to hit a high of Rs 1,693 in intra-day trade. <a href="https://www.business-standard.com/article/markets/hindustan-aeronautics-eyes-20-upside-hits-new-all-time-high-122041100492_1.html" target="_blank"><strong>READ MORE</strong></a></div>
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	Shares of <strong>ITC</strong> hit an over two-year high of Rs 273.10, up nearly 2 per cent on the BSE on Monday in an otherwise weak market. The stock has rallied 6 per cent in the past two sessions on expectation of strong earnings due to improved cigarette volumes. <a href="https://www.business-standard.com/article/markets/itc-hits-over-2-year-high-on-strong-earnings-hope-up-25-thus-far-in-2022-122041100510_1.html" target="_blank"><strong>READ MORE</strong></a></div>
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Sensex drops 483 pts as yields hit 3-yr high; IT stks drag, Paytm leaps 12%

Business Standard

Sensex drops 483 pts as yields hit 3-yr high; IT stks drag, Paytm leaps 12% | News on Markets - Business Standard

Opening bell: Infosys, SBI Life, HCL Tech top Nifty 50 laggards

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Opening bell: JSW Steel, Cipla, NTPC top Nifty 50 leaders

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Opening bell: Broader markets firm; India Vix shoots up nearly to 7%

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Opening bell: Nifty Energy best sectoral performer; Adani Green hits 52-week high

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Opening bell: Mild moves seen across all sectors; Metal, Pharma stocks upbeat

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Opening bell: Only 10 Sensex stocks open positively

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Opening bell: Sensex opens lower by over 200 points

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Opening bell: Nifty 50 opens flat below 17,750 levels

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Pre-open session: 17 out of 30 Sensex constituents sulk in negative territory

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Pre-open session: Sensex sheds over 100 points

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Pre-open session: Nifty 50 moves flat below 17,750 levels

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LIC IPO launch likely in mid- or end-April; decision may come soon

Government officials have suggested mid- or end-April dates to the top ministers&rsquo; panel for the IPO of the Life Insurance Corporation of India (LIC). The ministers&rsquo; panel comprises Finance Minister Nirmala Sitharaman; Road, Transport and Highways Minister Nitin Gadkari; and Commerce and Industries Minister Piyush Goyal. <a href="https://www.business-standard.com/article/markets/lic-ipo-launch-likely-in-mid-or-end-april-decision-may-come-soon-122041100021_1.html" target="_blank"><strong>Read more</strong></a><br />
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	<img align="" alt="LIC, Life Insurance Corporation" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2022-04/05/full/1649101478-4153.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="LIC, Life Insurance Corporation" width="620" /></div>
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Top stocks on radar today: TCS, Veranda Learning, Voda Idea, Exim Bank, Cadila, Banks, IT

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	<strong>Veranda Learning Solutions</strong>: The stock is likely to make a decent debut on the bourses on Monday. The IPO was subscribed 3.5 times, with retail quota subscribed up to 10.8 times. As per the Grey Market Premium (GMP) the stock may see modest gains of 5-10 per cent in early deals.</div>
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	<strong>Jindal Steel and Power (JSPL)</strong>: The company plans to set-up the country&rsquo;s second coal gasification plant at its Raigarh plant in Chhattisgarh. The company is already using the coal gasification technology to produce steel at its plant in Angul, Odisha. <a href="https://www.business-standard.com/article/markets/stocks-to-watch-tcs-veranda-voda-idea-exim-bank-cadila-banks-it-122041100124_1.html?1649642745" target="_blank"><strong>READ MORE</strong><br />
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	<img alt="stock market, markets, trading, nse, bse, sensex, nifty, rally, coronavirus, covid, lockdown" src="https://bsmedia.business-standard.com/_media/bs/img/article/2021-01/29/full/1611860206-2995.jpg?im=Resize,width=640" /></a></div>

Q4 earnings on Monday: TCS, Birla Tyres, Delta Corp, and Kesoram Industries, among others

DIIs break buying streak: Sell Rs 16.5 crores of equities Friday

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	<img align="" alt="DIIs, Stock markets. Photo: iStock" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2019-03/24/full/1553432982-5013.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="DIIs, Stock markets. Photo: iStock" width="620" />
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		Photo: iStock</div>
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