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HomeBusinessSensex, Nifty Decline For Fourth Day Dragged By Metal, Pharma Stocks

Sensex, Nifty Decline For Fourth Day Dragged By Metal, Pharma Stocks


On BSE, the general market breadth stood weak as 709 shares superior whereas 2,776 declined.

New Delhi: The Indian fairness indices on Monday prolonged their dropping run for the fourth straight session led by weak spot in metallic and pharma shares. Investors turned cautious because the Russia-Ukraine standoff continued to dampen danger sentiment. The benchmark BSE Sensex dropped 149 factors or 0.26 per cent to shut at 57,684; whereas the broader NSE Nifty moved 70 factors or 0.40 per cent decrease to finish at 17,207. Both the indexes swung between positive aspects and losses all through the session earlier than settling in pink.

Mid- and small-cap shares completed on a detrimental word as Nifty Midcap 100 index fell 1.24 per cent and small-cap shares plunged 2.73 per cent.

12 out of the 15 sector gauges — compiled by the National Stock Exchange — settled in pink. Nifty Metal and Nifty Pharma underperformed the index by falling as a lot as 2.07 per cent and 1.35 per cent, respectively.

On the stock-specific entrance, Hindalco was the highest Nifty loser because the inventory cracked 3.38 per cent to Rs 511.70. UPL, Divi’s Lab, Adani Ports and Sun Pharma had been additionally among the many laggards. 

Also, Tata Consultancy Services slumped 1.96 per cent forward of Rs 18,000 crore share buyback.

In distinction, Wipro, Infosys, Shree Cement, PowerGrid and HDFC Bank had been among the many gainers.

On BSE, the general market breadth stood weak as 709 shares superior whereas 2,776 declined.

On the 30-share BSE platform, Sun Pharma, TCS, ITC, L&T, ExtremelyTech Cement, Tech Mahindra, Titan, Reliance Industries and Tata Steel attracted probably the most losses with their shares sliding as a lot as 2.15 per cent.

Both the home bourses have witnessed risky commerce since final week, taking cues from the worldwide markets.



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