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

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

On BSE, the general market breadth stood optimistic 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. Each indices began on a better be aware however gave up their respective positive aspects within the afternoon offers, as losses in car and financial institution shares offset data expertise (IT) and vitality shares’ positive aspects.

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.

Again residence, mid- and small-cap shares completed on a blended be aware as Nifty Midcap 100 index fell 0.40 per cent decrease and small-cap shares rose 0.35 per cent.

Many of the sector gauges — compiled by the Nationwide Inventory Trade — have been buying and selling within the crimson. Nifty Auto and Nifty Financial institution underperformed the index by falling as a lot as 2.28 per cent and 1.21 per cent, respectively. Nonetheless, Nifty IT and Nifty Oil & Fuel 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 optimistic as 2,037 shares superior whereas 1,284 declined.

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

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

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