CLOSING BELL: The broader markets, meanwhile, bled more with the BSE SmallCap index sliding nearly 3 per cent, and the BSE MidCap index falling close to 2 per cent

MARKET LIVE: Sensex down 300 pts, Nifty down 16,050; Asian Paints tanks 8%

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

<b>CLOSING BELL<br />
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Stock market highlights:&nbsp;</b>The S&P BSE Sensex erased early morning gains and closed 303 points, or 0.56 per cent, lower at 53,749 on Wednesday, putting an end to an extremely volatile session. The index swung 695 points during the day.<br />
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	On the NSE, the Nifty50 shut shop at 16,026, falling 99 points or 0.62 per cent. The benchmarks were dragged by selling pressure in IT, Pharma, PSU Banks, Metals, and Consumption-related stocks. For instance, Asian Paints, Adani Ports, Divis Labs, UPL, Tech M, Wipro, TCS, Apollo Hospitals, JSW Steel, Infosys, Tata Motors, and M&M fell between 2 per cent and 8 per cent.</div>
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	On the upside, NTPC, HDFC Life, SBI Life, Kotak Bank, Airtel, HDFC, Britannia Industries, and ONGC lent some support as their shares rose in the range of 1 to 4 per cent.</div>
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	The broader markets, meanwhile, bled more with the BSE SmallCap index sliding nearly 3 per cent, and the BSE MidCap index falling close to 2 per cent.&nbsp;</div>
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	Sectorally, the Nifty IT index tumbled 3 per cent with individual stocks cracking up to 7 per cent after global brokerage Nomura downgraded the sector due to expected slowdown ahead. Besides, the Nifty Realty index fell 2.7 per cent, the Nifty Metal 1.7 per cent; and the Nifty Auto 0.9 per cent.&nbsp;&nbsp;</div>
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	<strong>Global cues</strong></div>
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	European stocks moved higher on Wednesday with the pan-European Stoxx 600 adding 0.6 per cent in early trade. On Wall Street, futures linked to main indices were flat with a negative bias.</div>
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	Earlier in Asia, Nikkei slipped 0.26 per cent; Kospi added 0.4 per cent; ASX200 gained 0.37 per cent; and Hang Seng moved 0.29 per cent higher.</div>
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Sensex falls for 3rd day, dips 303 pts; Asian Paints sinks 8%; IT index 3%

Business Standard

Sensex falls for 3rd day, dips 303 pts; Asian Paints sinks 8%; IT index 3% | News on Markets - Business Standard

DIIs hold ground: Buy shares worth Rs 1,948.5 crores on Tuesday

FPI outflows: FIIs sell shares worth Rs 2,393 crores Tuesday

Oil prices climb on prospects for tighter supply as demand rises

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	Oil prices rose in early trade on Wednesday, boosted by tight supplies and the prospect of rising demand from the upcoming start of the US summer driving season. <a href="https://www.business-standard.com/article/international/oil-prices-climb-on-prospects-for-tighter-supply-as-demand-rises-122052500105_1.html?1653447300" target="_blank"><strong>Read here</strong><br />
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	<img alt="oil sector" src="https://bsmedia.business-standard.com/_media/bs/img/article/2022-04/14/full/1649913172-0834.jpg?im=Resize,width=640" /></a></div>

ALERT: NMDC cuts prices by up to Rs 750 a tonne, says report

NMDC cuts fines prices by Rs 750 a tonne, lump prices by Rs 600 a tonne<br />
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source: CNBCTV-18<br />
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<div style="float: left; max-width: 600px;">
	<img align="" alt="iron ore, NMDC" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2017-03/24/full/1490300988-0921.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="iron ore, NMDC" width="620" /></div>
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SGX Nifty futures trade with tepid gains; indices may open in green

<div style="float: left;">
	<img align="left" alt="chart" class="imgCont" height="181" src="https://bsmedia.business-standard.com/_media/bs/img/article/2022-05/25/full/1653447636-7087.PNG" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0;" title="chart" width="453" />
	<div style="float: left; clear: both; font-style:italic; padding: 10px 10px 10px 0px; width:453px;">
		source: investing.com</div>
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Rupee weakens 6 paise against USD on Tuesday

<div style="float: left;">
	<img align="left" alt="chart" class="imgCont" height="262" src="https://bsmedia.business-standard.com/_media/bs/img/article/2022-05/25/full/1653447477-4798.PNG" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0;" title="chart" width="532" />
	<div style="float: left; clear: both; font-style:italic; padding: 10px 10px 10px 0px; width:532px;">
		source: bloomberg</div>
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Oil prices climb on likely demand recovery as China eases lockdowns

<div style="float: left;">
	<img align="left" alt="chart" class="imgCont" height="154" src="https://bsmedia.business-standard.com/_media/bs/img/article/2022-05/25/full/1653447382-987.PNG" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0;" title="chart" width="314" />
	<div style="float: left; clear: both; font-style:italic; padding: 10px 10px 10px 0px; width:314px;">
		source:oilprice.com</div>
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US equity futures move up mildly in attempt to recoup Wall Street's losses

<div style="float: left;">
	<img align="left" alt="chart" class="imgCont" height="94" src="https://bsmedia.business-standard.com/_media/bs/img/article/2022-05/25/full/1653447135-5697.PNG" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0;" title="chart" width="506" />
	<div style="float: left; clear: both; font-style:italic; padding: 10px 10px 10px 0px; width:506px;">
		source: finance.yahoo.com</div>
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Asian markets reverse early losses; move higher

<div style="float: left;">
	<img align="left" alt="chart" class="imgCont" height="204" src="https://bsmedia.business-standard.com/_media/bs/img/article/2022-05/25/full/1653447024-5833.PNG" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0;" title="chart" width="511" />
	<div style="float: left; clear: both; font-style:italic; padding: 10px 10px 10px 0px; width:511px;">
		source: finance.yahoo.com</div>
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European markets also close with cuts on growth slowdown concerns

<div style="float: left;">
	<img align="left" alt="chart" class="imgCont" height="249" src="https://bsmedia.business-standard.com/_media/bs/img/article/2022-05/25/full/1653446915-3015.PNG" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0;" title="chart" width="587" />
	<div style="float: left; clear: both; font-style:italic; padding: 10px 10px 10px 0px; width:587px;">
		source: Reuters</div>
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US markets end mixed Tuesday; Snap Inc drags Nasdaq 2% lower

<div style="float: left;">
	<img align="left" alt="chart" class="imgCont" height="286" src="https://bsmedia.business-standard.com/_media/bs/img/article/2022-05/25/full/1653446836-7962.PNG" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0;" title="chart" width="592" />
	<div style="float: left; clear: both; font-style:italic; padding: 10px 10px 10px 0px; width:592px;">
		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;