Closing Bell: Sensex down 388 points, Nifty at 17530.30


Published On: Tuesday, April 12, 2022 | By:

Closing Bell: Sensex down 388 points, Nifty at 17530.30

At close, the Sensex was down 388.20 points or 0.66% at 58,576.37, and the Nifty was down 144.70 points or 0.82% at 17,530.30 as rising bond yields, fears of aggressive rate hikes by global central banks, and Covid-19 scare in China are among the key pain-points for investors. Axis Bank soared 1.6% higher to end as the top Sensex gainer, followed by Kotak Mahindra Bank, and Power Grid Corporation. Tata Steel was the top laggard, falling 2.63%, followed by Bajaj Auto, and Tech Mahindra. About 1146 shares have advanced, 2193 shares declined, and 90 shares are unchanged. Bank Nifty outperformed, gaining 0.36% to finish the day at 37,747 while India India VIX closed with losses. Except for bank, all other sectoral indices ended in the red with IT, metal, realty, oil & gas, and capital goods indices down 1-3 percent. BSE midcap and smallcap indices shed over a percent each.

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