MARKET UPDATE: Sensex fell 400 points to 52,140, while the NSE Nifty shed 125 points to 15,513
Published On: Wednesday, June 22, 2022 | By: Team KnowMyStock
The Indian markets opened with steep cuts today(22 June 2022) tracking weakness in US futures and some Asian markets. The BSE Sensex fell 400 points to 52,140, while the NSE Nifty shed 125 points to 15,513. Tata Steel, NTPC, Wipro, Tech M, HCL Tech, IndusInd Bank, Titan, and Reliance led losses on the Sensex, down up to 3 percent. Hindalco, ONGC, and JSW Steel were the top Nifty losers. On the downside, Dr. Reddy's, HUL, Asian Paints, Bajaj Auto, Maruti, and Sun Pharma were among the handful of gainers on the two benchmarks. In the broader markets, the BSE MidCap and SmallCap indices were in the negative territory, falling up to 0.8 percent.
Sector-wise, Nifty oil & gas, metals, realty, banks were the worst hit, down 1-3 per cent. While, the defensive pharma and FMCG held marginal gains.
Among stocks, Jain Irrigation Systems surged over 12 per cent after the company announced plans to merge its international irrigation business (worth Rs 4200 crores) with Rivulis Pte Ltd, which is a part of Singapore's Temasek Group, to create a global irrigation and climate major and reduce the company's debt.
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