Stock market highlights: Over 35 Nifty stocks ended the session in the red with Bajaj Finance, HDFC, Kotak Bank, Hindalco, Wipro, Reliance Industries, Tech M, and Infosys falling between 2.5-4%

MARKET LIVE: Sensex sheds 1,000 pts; Nifty below 16,250; RIL, Banks, IT dip

<b>CLOSING BELL<br />
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Stock market highlights:&nbsp;</b>Global doom rocked Indian equities on Friday as investors fretted over longer-than-expected sticky inflation, coupled with aggressive monetary policy tightening. Tracking losses in global peers, the benchmark S&P BSE Sensex plunged 1,114 points intra-day, before settling at 54,303, down 1,017 points or 1.84 per cent.<br />
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The NSE Nifty50, meanwhile, held the 16,200-mark to close at 16,202, down 276 points or 1.68 per cent. The index had hit a low of 16,173 during the day. In the broader market, the Nifty MidCap 100 and SmallCap100 fell up to 1 per cent.<br />
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<strong>ALSO READ: <a href="https://www.business-standard.com/article/markets/rs-2-7-trillion-investor-wealth-wiped-off-what-made-sensex-nifty-tumble-122061000283_1.html" target="_blank">Why did the Sensex fall on Friday?</a></strong><br />
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Over 35 Nifty stocks ended the session in the red with Bajaj Finance, HDFC, Kotak Bank, Hindalco, Wipro, Reliance Industries, Tech M, and Infosys falling between 2.5-4 per cent. The losses were trimmed by gains in Grasim Industries, Asian Paints, Apollo Hospitals, Divis Labs, and Dr Reddy&#39;s Labs, that gained over 0.5 per cent each.<br />
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Sectorally, all but Nifty FMCG ended the session in the red. The losses were led by the Nifty IT, Oil & gas, Private Bank, and Financial Services indices as they fell 2 per cent each.&nbsp;<br />
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<strong>ALSO READ: <a href="https://www.business-standard.com/article/markets/chris-wood-rejigs-india-equity-exposure-replaces-hdfc-with-hdfc-bank-122061000188_1.html" target="_blank">Chris Wood rejigs India equity exposure; replaces HDFC with HDFC Bank</a></strong><br />
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<strong>Global cues</strong>
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	European stocks fell further on Friday as investors digested the European Central Bank&rsquo;s latest policy meeting and looked ahead to a key US inflation print. The pan-European Stoxx 600 dropped 1.3 per cent in early trade, with banks shedding 2 per cent to lead losses.<br />
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	US stock futures were muted in early premarket trade on Friday, while shares in Asia-Pacific closed largely in the red.&nbsp;</div>

Stock market LIVE updates: Nifty, Sensex, BSE, NSE, US inflation, Bajaj Auto, India stock

Business Standard

Stock market LIVE updates: Nifty, Sensex, BSE, NSE, US inflation, Bajaj Auto, India stock | News on Markets - Business Standard

Closing Bell: Sensex tanks 1,017 pts as global markets drop

IndiGo to restore allowances for crew from July 31 as flight ops recover

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	The airline, which had made a partial reinstatement of salary for pilots, is yet to restore pre-covid salaries. <a href="https://www.business-standard.com/article/companies/indigo-to-restore-allowances-for-crew-from-july-31-as-flight-ops-recover-122061000410_1.html" target="_blank"><strong>Read here</strong><br />
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	<img alt="indigo, airlines, aviation, flights, air craft" src="https://bsmedia.business-standard.com/_media/bs/img/article/2020-06/03/full/1591131102-1761.jpg?im=Resize,width=640" /></a><br />
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Now, life insurers can introduce products without Irdai's prior approval

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	Currently, all life insurance products and riders require prior approval of the insurance regulator before launch. <a href="https://www.business-standard.com/article/pf/now-life-insurers-can-introduce-products-without-irdai-s-prior-approval-122061000593_1.html?1654854149" target="_blank"><strong>Read more</strong><br />
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	<img alt="insurance" src="https://bsmedia.business-standard.com/_media/bs/img/article/2021-09/26/full/1632672497-6148.jpg?im=Resize,width=640" /></a></div>

MARKET CHECK: Sensex 50 pts off day's low in fag-hours

Indian crude oil basket hits 10-yr high; petrol, diesel prices unchanged

The basket of crude oil that India buys has hit a decade high of $121 per barrel, but retail selling prices of petrol and diesel continue to remain frozen. <a href="https://www.business-standard.com/article/markets/indian-crude-oil-basket-hits-10-yr-high-petrol-diesel-prices-unchanged-122061000531_1.html?1654853137" target="_blank"><strong>READ HERE</strong></a><br />
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	<img align="" alt="crude oil" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2022-02/06/full/1644169645-115.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="crude oil" width="620" /></div>
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US equity futures mixed ahead of May inflation data

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Vadilal Industries hits record high in weak market; zooms 114% in 6 months

For the entire financial year 2021-22, Vadilal Industries reported nearly 10-fold jump in net profit at Rs 44.70 crore from Rs 4.63 crore in FY21. <a href="https://www.business-standard.com/article/markets/vadilal-industries-hits-record-high-in-weak-market-zooms-114-in-6-months-122061000539_1.html?1654852489" target="_blank"><strong>READ HERE</strong></a><br />
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	<img align="" alt="Ice cream" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2017-12/05/full/1512492492-9551.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="Ice cream" width="620" /></div>
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Brent Crude inches up mildly, above $123 a barrel

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Nifty Energy drops 2%; Adani Green at bottom of the heap

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HDFC slides over 3% after lender hikes home loan rates by 50 bps

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Indian oil firms to compensate ethanol makers for higher energy costs

Indian state fuel retailers have agreed to provide monetary relief to sugar mills and other producers of ethanol to compensate for high energy costs to boost biofuel production. <a href="https://www.business-standard.com/article/companies/indian-oil-firms-to-compensate-ethanol-makers-for-higher-energy-costs-122061000386_1.html?1654850808" target="_blank"><strong>READ HERE</strong></a><br />
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	<img align="" alt="Sugar, Ethanol, Sugarcane" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2021-08/06/full/1628222609-8233.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="Sugar, Ethanol, Sugarcane" width="620" /></div>
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European markets inch lower after ECB's rate hike plan

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Financial services stocks under pressure; Bajaj Finance sheds 3%

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IIFL Finance has logged unusually high volume of around 8.4 lakh shares as so far on the BSE as against the five-day average volume of around 38,800-odd shares. Similarly, Gujarat Fluorochemical, Indostar Capital, Kansai Nerolac and IOL Chemicals were some of the other notable stocks to witness unusual volume in trades on Friday.&nbsp; <a href="https://www.business-standard.com/stocks/market-statistics/bse/volume-shocker?indices=21552" target="_blank"><strong>VIEW ALL</strong></a><br />
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	<img align="left" alt="chart" class="imgCont" height="357" src="https://bsmedia.business-standard.com/_media/bs/img/article/2022-06/10/full/1654849620-7867.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0;" title="chart" width="621" /></div>
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S&P BSE Sensex 30 Heatmap:: Financials, IT major losers

Sensex tanks 1,017 pts; Nifty holds 16,200; Bajaj Finance sinks 4%, RIL 3%