MARKET UPDATE:Sensex down 350 points to 59,240, and Nifty at 17,700 levels, lower by 100 points
Published On: Thursday, April 7, 2022 | By: Team KnowMyStock
The Indian key benchmark indices were trading with cuts today(7th April 2022) tracking weak global markets due to hawkish FOMC meeting minutes. The BSE Sensex was down 350 points to 59,240, and the NSE Nifty was at 17,700 levels, lower by 100 points. HDFC twins, Maruti, Titan, Wipro, Reliance, TCS, Kotak Bank, and Infosys were the top Sensex losers, down up to 2 percent. ONGC and UPL were the additional top losers on the Nifty.Dr Reddy's, Asian Paints, Sun Pharma, Tata Steel, Cipla and Divis Labs, HUL, NTPC, and Ultratech Cement were the top gainers, on the other hand. The BSE MidCap and SmallCap indices in the broader markets were in the positive territory, up to 0.5 percent higher.
Sectorally, Nifty Financials, IT, Banks and Auto were the top laggards, while Nifty Realty, Pharma and FMCG pack were firmly higher.
State-run telecom firm MTNL was up 4 per cent. The government has deferred the merger of BSNL and MTNL due to financial reasons.
On the flip side, IDFC Ltd slipped 7 per cent. Bandhan Financial Holding-led consortium will acquire IDFC Asset Management Company and IDFC AMC Trustee Company for Rs 4,500 crore from the company.
We are on Telegram!
JOIN our telegram channel to receive updates on Financial News and Stock and FNO Tips.
Click Here!
Follow Us On:
