MARKET UPDATE: Sensex sank 1000 points to 53,180, and Nifty tanked 300 points to 15,920
Published On: Thursday, May 19, 2022 | By: Team KnowMyStock
The Indian key benchmark indices were trading with deep cuts today(19 May 2022) in tune with the sharp global selloff. The BSE Sensex sank 1000 points to 53,180, and the NSE Nifty tanked 300 points to 15,920. The broader markets were also weak in line with frontline indices. The BSE MidCap and SmallCap indices slumped up to 2 percent. The market breadth was extremely negative with 1,170 stocks declining as against 423 rising on the BSE. The India VIX surged 9 percent to 24 levels indicating high nervousness among investors.
All sectors suffered losses with IT, Metals, Realty, and PSB indices on the Nifty cracking 3 per cent each. Other top losers included Media, financials, banks, and auto. FMCG pack was the least affected, down 0.5 per cent.
Among stocks, Manappuram Finance slipped 9 per cent on weak Q4 results. The company reported a 44 per cent decline in its net profit for the March quarter to Rs 261 crore. Revenue fell 9 per cent year-on-year to Rs 1480 crore.
Ratnamani Metals gained 3 per cent after the company's board approved a bonus share issue in the ratio of 1 for 2 held. The firm also recommended a dividend of Rs 14 a share for the fiscal year 2022.
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