MARKET UPDATE: Sensex fell 520 points to 57,390 levels while the Nifty shed 156 points to 17,236
Published On: Friday, April 22, 2022 | By: Team KnowMyStock
In tune with the weak global cues, the Indian benchmark indices were trading 1 percent lower today(22 April 2022). The S&P BSE Sensex fell 520 points to 57,390 levels while the Nifty50 shed 156 points to 17,236. In the broader markets, the BSE MidCap index was down 0,18 percent while the BSE SmallCap was up 0,16 percent. Sectorally, all the key indices were in the negative zone. The Nifty Bank, Private Bank, Metal, and Pharma indices were down between 1 percent each.
Shares of Rallis India dipped 9 per cent to Rs 255 on the BSE in Friday’s intra-day trade after the company reported a consolidated net loss of Rs 14 crore in March quarter (Q4FY22), on higher raw material cost. The stock of the Tata Group and a subsidiary of Tata Chemicals had posted a profit after tax of Rs 8 crore in a year ago quarter.
Shares of HCL Technologies were up 3 per cent to Rs 1,135 on the BSE in Friday’s intra-day trade in an otherwise weak market. The rally comes after the IT major delivered revenue growth of 1.1 per cent quarter-on-quarter (QoQ) in constant currency terms in March quarter (Q4FY22), with a strong growth in services, which was up 5 per cent QoQ in CC terms.
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