MARKET UPDATE:Sensex fell 980 points to 57,358, and Nifty slipped 280 points to 17,195
Published On: Monday, April 18, 2022 | By: Team KnowMyStock
The Indian key benchmark indices started today's(18 April 2022) session with deep cuts as large-caps Infosys and HDFC twins opened sharply lower. The BSE Sensex fell 980 points to 57,358, and the NSE Nifty50 slipped 280 points to 17,195 Infosys and HDFC Bank tanked 6 percent and 2.4 percent, respectively, on disappointing Q4 earnings. Tech M, HDFC, Wipro, HCL Tech, TCS, Axis Bank, Bajaj finserv, Kotak Bank and Axis Bank were the other top laggards on the Sensex. On the flip side, Tata Steel, NTPC, ITC, PowerGrid, Nestle, ONGC, Cipla, M&M, and Bajaj Auto were the gainers on the Sensex and Nifty.
The broader markets also opened in the red. The BSE MidCap and SmallCap indices were down up to 1.4 per cent.
Sectorally, Nifty IT index led losses, and fell over 3 per cent. Nifty Bank, Financials, and Realty were the other notable losers. On the other hand, Nifty FMCG, Auto, and Pharma pockets were largely flat.
Among other stocks, Indiabulls Real estate fell over 4 per cent. The company has raised Rs 8.65 billion (US$ 114 million) at Rs 101.10 per equity share through Qualified Institutional Placement.
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