CLOSING BELL: Coal India, Adani Ports, Power Grid, Maruti Suzuki, Bajaj Auto, ONGC, Wipro, and Britannia Industries were the other laggards, down between 2.5 per cent and 4 per cent

MARKET LIVE: Sharp fall in indices; Sensex tanks 500pts, Nifty below 17,100

<b>CLOSING BELL</b><br />
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	Benchmark indices turned sharply lower in the last hour of trade as investors booked profits at higher levels. The S&P BSE Sensex, which had touched a high of 57,975, tanked 1,073 points to hit a low of 56,902. The index, however, closed at 57,061, down 460 points or 0.8 per cent.</div>
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	On the NSE, the Nifty50 dropped 325 points from the day&#39;s high of 17,378 to hit a low of 17,053. It ended at 17,102.5, down 142.5 points or 0.83 per cent.</div>
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	<strong>Axis Bank </strong>was the biggest loser on the benchmark indices, down 6.5 per cent, as analysts do not expect valuation to catch up with peers in light of the NII undershoot, impending dilution to fund the Citi deal, and higher operating expenditure guidance.<a href="https://www.business-standard.com/article/markets/axis-bank-q4-result-review-can-weak-operational-performance-in-q4-delay-axis-bank-s-re-rating-122042900457_1.html" target="_blank"><strong> READ MORE</strong></a></div>
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	Coal India, Adani Ports, Power Grid, Maruti Suzuki, Bajaj Auto, ONGC, Wipro, and Britannia Industries were the other laggards, down between 2.5 per cent and 4 per cent.</div>
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	On the upside, HDFC Life, Tata Consumer Products, Kotak Bank, Sun Pharma, HDFC Bank, Tata Motors, Tata Steel, and Ultratech Cement were the only gainers.&nbsp;</div>
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	In the broader markets, the MidCap and SmallCap indices slipped about 1 per cent each. Sectorally, all the indices ended the day in the red zone, dragged by Nifty Oil and Gas index, down 2.5 per cent.&nbsp;&nbsp;</div>
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	<strong>Global markets</strong></div>
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	European markets moved higher on Friday as global stocks received a boost from strong corporate earnings, but remain on course for a negative month. The pan-European Stoxx 600 index added 1 per cent in early trade.</div>
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	Wall Street, however, was eyeing a negative start with Dow Jones, Nasdaq, and S&P500 Futures down up to 1 per cent. Earlier in Asia, South Korea&#39;s Kospi added 1 per cent, and China&#39;s CSI300 gained 2.4 per cent.&nbsp;</div>

MARKET LIVE: Sensex rises 250 points, Nifty above 17,300

Business Standard

MARKET LIVE: Sensex rises 250 points, Nifty above 17,300 | News on Markets - Business Standard

US stock futures trade in red on Apple, Amazon's weak earnings

<div style="float: left;">
	<img align="left" alt="chart" class="imgCont" height="97" src="https://bsmedia.business-standard.com/_media/bs/img/article/2022-04/29/full/1651201060-8615.PNG" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0;" title="chart" width="530" />
	<div style="float: left; clear: both; font-style:italic; padding: 10px 10px 10px 0px; width:530px;">
		source: finance.yahoo.com</div>
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Asian markets firmly in green tracking upbeat global cues

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	<img align="left" alt="chart" class="imgCont" height="341" src="https://bsmedia.business-standard.com/_media/bs/img/article/2022-04/29/full/1651200662-3256.PNG" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0;" title="chart" width="492" />
	<div style="float: left; clear: both; font-style:italic; padding: 10px 10px 10px 0px; width:492px;">
		source: finance.yahoo.com</div>
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European markets also close with decent gains Thursday

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	<img align="left" alt="chart" class="imgCont" height="386" src="https://bsmedia.business-standard.com/_media/bs/img/article/2022-04/29/full/1651200444-3689.PNG" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0;" title="chart" width="581" />
	<div style="float: left; clear: both; font-style:italic; padding: 10px 10px 10px 0px; width:581px;">
		Source: Reuters</div>
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US markets rally Thursday on strong Meta Inc earnings

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	<img align="left" alt="chart" class="imgCont" height="305" src="https://bsmedia.business-standard.com/_media/bs/img/article/2022-04/29/full/1651200302-9905.PNG" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0;" title="chart" width="589" />
	<div style="float: left; clear: both; font-style:italic; padding: 10px 10px 10px 0px; width:589px;">
		Source: Reuters</div>
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Sensex gyrates 1,073 pts, ends 460 pts down; Axis Bk dips 6.5%, Maruti 2.5%