MARKET UPDATE:Sensex down 250 points at 47,462 levels and Nifty hovering around 14,250 levels
Published On: Thursday, April 22, 2021 | By: Team KnowMyStock
Indian equity markets opened gap-down today (22nd April 2021) as a record single-day spike of over three lakh Covid-19 cases kept investor sentiment at bay. However, buying at lower levels in IT and metal counters helped indices stage mild recovery. The benchmark S&P BSE Sensex was quoting at 47,462levels, down 250 points or 0.5 percent. On the NSE, the Nifty50 was hovering around 14,250 levels, down 56 points. Ultratech Cement, Shree Cement, IndusInd Bank, Axis Bank, Hero MotoCorp, and NTPC, down up to 3.5 percent, were leading the list of losers on the Nifty while Bajaj Auto, Dr. Reddy's Labs, Wipro, BPCL, and Tata Steel outperformed the market and gained between 1.5 percent and 3.5 percent. In the broader markets, the S&P BSE MidCap index slipped 0.13 percent while the S&P BSE SmallCap index gained 0.3 percent.
Among key sectoral indices on the NSE, the Nifty Metal index was the top performing index, up 2 per cent, followed by Nifty Pharma index, up 1 per cent. The Nifty Bank, Private Bank, and FMCG indices slipped 1 per cent each.
Cyient, Tata Elxsi and 10 other companies will release their quarterly earnings on April 22.
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