Sensex tumbles 566 pts, Nifty drops 149 pts on profit taking in banking, IT shares


PTI, Apr 6, 2022, 4:39 PM IST

Benchmark BSE Sensex tumbled 566 points to settle below the 60,000-level on Wednesday, dragged down by heavy selling in banking and IT stocks amid weak global trends.

The 30-share BSE barometer tanked 566.09 points or 0.94 per cent to finish at 59,610.41. During the day, it plunged 666.66 points or 1.10 per cent to 59,509.84.

The broader NSE Nifty declined by 149.75 points or 0.83 per cent to settle at 17,807.65.

From the 30-share pack, HDFC Bank, HDFC, HCL Technologies, Tech Mahindra, Infosys, TCS, M&M, Kotak Mahindra Bank, Axis Bank were the major laggards.

In contrast, NTPC, Tata Steel, Power Grid, Bharti Airtel, Nestle and Larsen & Toubro were among the gainers.

”Domestic equities moved in tandem with US markets to close lower, fuelled by investors’ expectation of a stricter interest rate hike by Fed,” according to Mitul Shah, Head Of Research at Reliance Securities.

On Tuesday, the BSE Sensex slumped 435.24 points or 0.72 per cent to finish at 60,176.50. Similarly, the NSE Nifty tumbled 96 points or 0.53 per cent to 17,957.40.

Meanwhile, international oil benchmark Brent crude gained 0.93 per cent to USD 107.6 per barrel.

Elsewhere in Asian markets, bourses in Hong Kong, Tokyo and Seoul settled lower, while Shanghai was in the green. Indices in the US also ended on a lower note on Tuesday.

Foreign portfolio investors bought shares worth Rs 374.89 crore on Tuesday, according to stock exchange data.

Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.

Top News

JPC chairman Jagdambika Pal to visit K’taka on Nov 7 to meet farmers protesting Waqf notices

Indian boxer Mandeep Jangra wins WBF’s world title

IOA submits ‘Letter of Intent’ to host 2036 Olympics in India

CBDT allows tax officials to waive or reduce interest due from assessee

Like UP, bring BJP to power in Jharkhand to ‘bulldoze’ mafia: Yogi at Koderma poll rally

Govt asks Wikipedia why it should not be treated as publisher instead of intermediary

Karnataka HC issues notice to CM, others on plea seeking transfer of MUDA case to CBI

Related Articles More

CBDT allows tax officials to waive or reduce interest due from assessee

Markets fall in early trade amid unabated foreign fund outflows

New software for fast-tracking project approvals: Karnataka Minister Patil

In-flight passengers can access WiFi services only when allowed, say new rules

SEBI mulls separation of non-regulated activities; ‘cross-default’ definition for debenture trustees

MUST WATCH

Gho Pooja in Deepavali Festival

Melukote Deepavali

Ganapathi Co-operative Society Ltd

Udayavani Chinnara Banna 2024

Annapoorna Aahar | Food Places In Mysore


Latest Additions

Belagavi: Govt clerk found dead in Tehsildar’s chamber 

JPC chairman Jagdambika Pal to visit K’taka on Nov 7 to meet farmers protesting Waqf notices

Indian boxer Mandeep Jangra wins WBF’s world title

IOA submits ‘Letter of Intent’ to host 2036 Olympics in India

CBDT allows tax officials to waive or reduce interest due from assessee

Thanks for visiting Udayavani

You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.