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%

markets, investor, stock market, broker, trader

<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

FIIs negative for third day: Sell Rs 575 crores of equities Friday

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	<img align="" alt="credit risk funds, investments, outflow, inflow, fpi, fdi, FII, investments, funds, markets" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2021-01/26/full/1611602287-3502.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="credit risk funds, investments, outflow, inflow, fpi, fdi, FII, investments, funds, markets" width="620" />
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		illustration: Binay Sinha</div>
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Nifty companies likely to see 29% surge in Q4 corporate earnings

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	Brokerages expect another quarter of high double-digit growth in the earnings of the country&rsquo;s top companies that are part of the benchmark Nifty50 index. <strong><a href="https://www.business-standard.com/article/companies/nifty-companies-likely-to-see-29-surge-in-q4-corporate-earnings-122041000950_1.html" target="_blank">Read here</a></strong><br />
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	<img alt="The combined net profit of 20 cyclical companies in the index is expected to grow by 38.8 per cent YoY to Rs 1.01 trillion" src="https://bsmedia.business-standard.com/_media/bs/img/hp/home-page/2022-04/11/5784/thumb/1649614651-7631.jpg?im=Resize,width=370" /></div>

ESCORTS: Rakesh Jhunjhunwala, MFs reduce stake in company during Jan-Mar

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		ESCORTS:MUTUAL FUNDS REDUCE ITS STAKE FROM 8.43% TO 0.28% AND INDIVIDUAL INVESTOR RAKESH JHUNJHUNWALA SOLD ITS ALL STAKE 5.22% IN CO DURING Q4</p>
	&mdash; RedboxGlobal India (@REDBOXINDIA) <a href="https://twitter.com/REDBOXINDIA/status/1513038251728146436?ref_src=twsrc%5Etfw">April 10, 2022</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

SGX Nifty futures drop 100 pts; Nifty may start at 17,750

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	<img align="left" alt="chart" class="imgCont" height="181" src="https://bsmedia.business-standard.com/_media/bs/img/article/2022-04/11/full/1649646604-1427.PNG" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0;" title="chart" width="451" />
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		source: investing.com</div>
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India Q4 earnings: Will the IT sector deliver a stellar show in Q4?

How will the IT sector&#39;s perfromance be in a seasonally weak quarter? <a href="https://www.business-standard.com/the-morning-show/video/markets-insights/will-the-it-sector-deliver-a-stellar-show-in-q4-828.htm" target="_blank">WATCH THIS VIDEO</a> to know what analysts say.&nbsp;<br />
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	<img align="" alt="stocks, india inc, tech, markets, investment, shares, dividends, brokers, shares, company, firms, BSE, exchange, earnings, results, profit, loss, dividend payout, tax" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2020-11/24/full/1606162600-9209.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0;" title="stocks, india inc, tech, markets, investment, shares, dividends, brokers, shares, company, firms, BSE, exchange, earnings, results, profit, loss, dividend payout, tax" width="620" />
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		Illustration by Binay Sinha</div>
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	<img align="" alt="Photo: Bloomberg" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2022-01/19/full/1642586101-3702.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="RBL Bank" width="620" />
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		Photo: Bloomberg</div>
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Rupee gains slightly against US dollar on Friday

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	<img align="left" alt="chart" class="imgCont" height="255" src="https://bsmedia.business-standard.com/_media/bs/img/article/2022-04/11/full/1649645980-7368.PNG" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0;" title="chart" width="530" />
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		source: bloomberg</div>
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Oil prices on retreat: Brent Crude back at $100/bbl, WTI tests $96

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	<img align="left" alt="chart" class="imgCont" height="150" src="https://bsmedia.business-standard.com/_media/bs/img/article/2022-04/11/full/1649645780-8051.PNG" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0;" title="chart" width="313" />
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		source:oilprice.com</div>
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Asian indices extend opening losses; China inflation tops estimates

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	<img align="left" alt="chart" class="imgCont" height="141" src="https://bsmedia.business-standard.com/_media/bs/img/article/2022-04/11/full/1649645641-7911.PNG" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0;" title="chart" width="491" />
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		source: finance.yahoo.com</div>
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European markets close in green Friday, ECB meeting eyed

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	<img align="left" alt="chart" class="imgCont" height="319" src="https://bsmedia.business-standard.com/_media/bs/img/article/2022-04/11/full/1649645359-7838.PNG" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0;" title="chart" width="585" />
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		source: Reuters</div>
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US markets close mixed on Friday, Nasdaq slips most

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	<img align="left" alt="chart" class="imgCont" height="296" src="https://bsmedia.business-standard.com/_media/bs/img/article/2022-04/11/full/1649645101-2076.PNG" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0;" title="chart" width="593" />
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		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;