fbpx
  Previous   Next
HomeBusinessSensex Falls 69 Points, Nifty Ends At 17,063

Sensex Falls 69 Points, Nifty Ends At 17,063

Indian equity benchmarks failed to stay in the green due to fag-end selling in auto and select financial stocks, as investor focus globally remained on geopolitical tensions on account of the Russia-Ukraine conflict. Gains in consumer and PSU banking counters limited the downside in headline indices.

The 30-scrip Sensex index finsihed the day down 68.6 points or 0.1 percent at 57,232.1, retreating 501.3 from the strongest level of the session. The broader Nifty50 benchmark settled at 17,054.2, down 38.1 points or 0.2 percent from its previous close.
ONGC, Hero MotoCorp, NTPC, L&T and JSW Steel — finishing the day between 1.3 percent and 2.4 percent lower — were the worst hit among the 27 laggards in the Nifty50 pack. On the other hand, Kotak Mahindra Bank, Titan, IndusInd, Tata Consumer and Maruti Suzuki — rising between 0.8 percent and 2.2 percent — were the top blue-chip gainers.

Reliance Industries, ICICI Bank, the HDFC twins and Larsen & Toubro were the biggest contributors to the fall in both headline indices.

“The impact of geopolitical uncertainties and soaring fuel costs will continue to keep global markets highly volatile,” said Vinod Nair, Head of Research at Geojit Financial Services.

Broader markets managed to stay positive at athe close, with the Nifty Midcap 100 index finishing the day up 0.6 percent. Its smallcap counterpart rose 1.2 percent.
Butterfly Gandhimathi Appliances shares finished the day with a gain of 0.3 percent, after hitting a 52-week high. Crompton Greaves Consumer Electricals said it would acquire a controlling stake in Butterfly.

More News

Smartphone Use And An Increase In Social Isolation Point To Decline In Mental Health of Young Adults: Report

If you are a young adult and spend a lot of time on your smartphone that it may cause a rapid decline in your...

Inflation Is One of The Top Issues In World Wide: Ipsos

Inflation has shot up the rankings to be the number one global concern in April, according to Ipsos. In March, Inflation made the top...

Two Years After Infection, Half of People Hospitalised With Covid Have At Least One Symptom: Study

Two years after getting infected with COVID-19, half of people hospitalised with the infection have at least one symptom, a follow-up study by the...

RELATED NEWS

Elon Musk Says Businesses And Governments Accounts Likely To Pay To Use Twitter

Elon Musk has said that businesses and governments may soon need to pay a “slight cost” to use Twitter just weeks after announcing he...

India Continue To Buy Russian Crude, Here Is The List Who Is Buying And Who Has Stopped

India has taken advantage of discounted prices to ramp up oil imports from Russia at a time when global energy prices have been rising. After...

Sensex Slips 460 Points, Nifty Ends Below 17,105

Indian indices at the weekend cleaned all the gains before closing lower, despite positive global cues. The week witnessed heavy turbulence due to multiple...