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HomeBusinessSensex Falls 366 Points, Nifty Settles Below 16,500; Auto, Bank Stocks Top...

Sensex Falls 366 Points, Nifty Settles Below 16,500; Auto, Bank Stocks Top Drags


On BSE, the general market breadth stood constructive as 2,037 shares superior whereas 1,284 declined.

New Delhi: The Indian fairness indices on Thursday prolonged fall for the second straight session because the Russia-Ukraine battle intensified. Both indices began on a better word however gave up their respective beneficial properties within the afternoon offers, as losses in vehicle and financial institution shares offset data know-how (IT) and power shares’ beneficial properties.

The benchmark BSE Sensex slipped 366 factors or 0.66 per cent to shut at 55,103; whereas the broader NSE Nifty moved 108 factors or 0.65 per cent decrease to settle at 16,498.

Brent crude oil surged greater than 5 per cent to $120 per barrel as Western nations tighten sanctions on Russia following its invasion of Ukraine.

Back house, mid- and small-cap shares completed on a blended word as Nifty Midcap 100 index fell 0.40 per cent decrease and small-cap shares rose 0.35 per cent.

Most of the sector gauges — compiled by the National Stock Exchange — have been buying and selling within the pink. Nifty Auto and Nifty Bank underperformed the index by falling as a lot as 2.28 per cent and 1.21 per cent, respectively. However, Nifty IT and Nifty Oil & Gas climbed 1.22 and 1.46 per cent, respectively.

On the stock-specific entrance, ONGC was the highest Nifty loser because the inventory cracked 4.60 per cent to Rs 170.45. UPL, PowerGrid, Wipro and Tech Mahindra have been additionally among the many laggards.

On BSE, the general market breadth stood constructive as 2,037 shares superior whereas 1,284 declined.

On the 30-share BSE index, ExtremelyTech Cement, Asian Paints, Dr Reddy’s, Maruti, Hindustan Unilever and ICICI Bank have been among the many prime losers.

In distinction, PowerGrid, TechM, Wipro, HCL Tech, ITC and Tata Steel completed within the inexperienced.



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