The broader markets ended with deeper losses, with both the BSE Midcap and Smallcap indices down over 1.5 per cent each; the breadth too at 2:1 was in favour of the bears.

Sensex ends 365pts lower, Nifty holds 16,300; RIL cracks 4%, Infy gains 2%

markets, investor, stocks, bse, nse, trader, trading, sensex, nifty

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	The key benchmark indices ended off the day&#39;s low led by renewed buying interest in select IT and financial shares. Earlier in the day, the indices fell sharply tracking weak cues from the overseas markets.</div>
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	The S&P BSE Sensex tumbled to a low of 53,918 in the opening trades dragged by index heavyweight Reliance Industries and FMCG majors. The BSE index recouped partly and ended 364 points lower at 54,471. The NSE Nifty was down 109 points at 16,302.</div>
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	Among the Sensex 30 stocks, <strong>Reliance Industries</strong> plunged over 4 per cent after the Mukesh Ambani-led oil-to-chemicals (O2C) company on Friday reported a consolidated net profit of Rs 16,203 crore for the quarter ended March 31, 2022 (Q4 FY22), up 22.5 per cent over the year-ago period&rsquo;s Rs 13,227 crore, but slightly short of expectations. <a href="https://www.business-standard.com/article/markets/ril-has-held-this-tech-support-level-since-2015-can-it-slip-below-it-now-122050900300_1.html" target="_blank"><strong>READ TECH VIEW</strong></a></div>
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	Nestle India and IndusInd Bank tanked 3 per cent each. Tata Steel, Tech Mahindra, SBI, Hindustan Unilever, ITC and Axis Bank were the other major losers.&nbsp;</div>
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	On the positive front, PowerGrid Corporation and HCL Technologies zoomed over 3 per cent each. Infosys jumped nearly 2 per cent. Maruti, Bajaj Finserv and HDFC were other other prominent gainers.&nbsp;</div>
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	<strong>Also read:&nbsp; <a href="https://www.business-standard.com/article/markets/mid-smallcaps-may-outperform-in-2022-despite-near-term-headwinds-analysts-122050900254_1.html" target="_blank">Mid, smallcaps may outperform in 2022 despite near-term headwinds: Analysts&nbsp;</a></strong></div>
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	The broader markets ended with deeper cuts. The BSE Midcap and Smallcap indices were down over 1.5 per cent each. The breadth too was fairly negative, with more than two declining stocks for every advancing share on the BSE.</div>
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	Among other stocks, <strong>LTI Infotech</strong> and <strong>Mindtree</strong> tanked over 5 per cent each following merger announcement by Larsen & Toubro. As per the merger agreement, shareholders of Mindtree will receive 73 shares of LTI in exchange for 100 shares in the former. LTI finally ended 3.4 per cent lower, while Mindtree shed 5.3 per cent at close. <a href="https://www.business-standard.com/article/markets/l-t-infotech-mindtree-trade-weak-after-merger-announcement-122050900466_1.html" target="_blank"><strong>READ MORE</strong></a></div>
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	Sectorally, the BSE Energy and Power indices plunged over 2 per cent each. The Consumer Durables, FMCG and Metal indices were the other major losers in trade on Monday. The IT and Telecom indices were the only gainers.</div>
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	Meanwhile, in the currency market, <strong>Rupee </strong>fell below the 77/$ mark for the first time ever, hitting a record low of 77.5 against USD.</div>
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	<strong>Primary market update</strong></div>
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	As of 3:30 PM, the LIC IPO, that closes for subscrption today, was subscribed 2.8 times. Categories reserved for policyholders and employees were subscribed over 6 times and 4.3 times, respectively. The retail invetsor portion was subscribed 1.9 times. QIB and NII categories also got fully subscribed, by nearly 3 times each.<br />
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Business Standard

Sensex ends 365pts lower, Nifty holds 16,300; RIL cracks 4%, Infy gains 2% | News on Markets - Business Standard

Opening bell: All sectors nosedive in red; metal stocks worst hit

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Opening bell: Only 2 Sensex stocks open in positive territory

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Opening bell: Nifty 50 opens in red, slips below 16,200

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Opening bell: Sensex sinks over 500 points lower

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Pre-open session: Only 5 Sensex stocks move in positive zone

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Pre-open session: Sensex declines by over 600 points

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Pre-open session: Nifty 50 moves below 16,250 levels

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ALERT: Rupee hits new low; opens 21 paise weaker at 77.13 against USD

Stocks on radar today: Reliance, Tata Power, ONGC, Canara Bank, LTI, Mindtree

<strong>Reliance Industries: </strong>The Mukesh Ambani-led firm reported a consolidated net profit of Rs 16,203 crore for the quarter ended March 31, 2022 (Q4 FY22), up 22.5 per cent when compared with Rs 13,227 crore reported in a year ago period. Total income surged 38.6 per cent YoY to Rs 2.07 trillion.<br />
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<strong>Larsen &amp; Toubro, L&amp;T Infotech (LTI) and Mindtree</strong>: Larsen &amp; Toubro on Friday announced the merger of its two listed IT services companies &ndash; L&amp;T Infotech (LTI) and Mindtree. The merged entity, to be called LTIMindtree, will have a stronger potential to access large deals and compete with scale players, said top executives of L&amp;T. <a href="https://www.business-standard.com/article/markets/stocks-to-watch-today-reliance-tata-power-ongc-canara-bank-lti-mindtree-122050900091_1.html" target="_blank"><strong>Read more</strong></a><br />
<img alt="markets, indian markets, bse, nse, share markets, stock markets" src="https://bsmedia.business-standard.com/_media/bs/img/article/2022-01/26/full/1643136693-0446.jpg?im=Resize,width=640" />

RIL sees gas prices rising in Oct; says revenue grew 3.5 times in FY21-22

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	It is anticipated that the price of gas from old fields of state-owned ONGC will be hiked to about USD 9 per mmBtu and the cap for difficult fields will rise to double digits. <a href="https://www.business-standard.com/article/pti-stories/reliance-expects-gas-prices-to-rise-again-in-oct-122050800735_1.html" target="_blank"><strong>Read more</strong><br />
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	<img alt="Among non-food items, crude petroleum rose by a whopping 83.56% in March, leading to a fuel inflation rate of 34.52%" src="https://bsmedia.business-standard.com/_media/bs/img/article/2022-04/18/full/1650303084-3956.jpg?im=Resize,width=640" /></a></div>

DII inflows : DIIs buy Rs 3,015 crores of equities Friday

FPI selling: FIIs sell a massive Rs 5,517 crores of shares Friday

US Fed rate hike raises cost of funds for Ambuja Cements bidders

The US Fed rate hike has sent Ambuja Cements bidders back on the drawing board as their cost of funds is set to rise significantly, said bankers. <a href="https://www.business-standard.com/article/companies/us-fed-rate-hike-raises-cost-of-funds-for-ambuja-cements-bidders-122050800966_1.html" target="_blank"><strong>Read here</strong></a><br />
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	<img align="" alt="Ambuja Cements" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2021-02/18/full/1613656115-7575.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="Ambuja Cements" width="620" /></div>
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Rupee closes 65 paise weaker at 76.92 against USD on Friday

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	<img align="left" alt="chart" class="imgCont" height="254" src="https://bsmedia.business-standard.com/_media/bs/img/article/2022-05/09/full/1652066151-9582.PNG" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0;" title="chart" width="531" />
	<div style="float: left; clear: both; font-style:italic; padding: 10px 10px 10px 0px; width:531px;">
		source: bloomberg</div>
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SGX Nifty futures sharply lower; Nifty heading for gap-down of 150 pts

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	<img align="left" alt="chart" class="imgCont" height="194" src="https://bsmedia.business-standard.com/_media/bs/img/article/2022-05/09/full/1652065985-8507.PNG" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0;" title="chart" width="483" />
	<div style="float: left; clear: both; font-style:italic; padding: 10px 10px 10px 0px; width:483px;">
		source: investing.com</div>
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