Market Closing Updates: Due to negative global cues, Indian equities indices fell for the second straight session on Monday. Global investor sentiment was harmed by aggressive policy tightening by central banks, a city-wide Covid-19 lockout in Shanghai, and the ongoing Russia-Ukraine conflict.
The 30-share BSE Sensex fell 365 points, or 0.67 percent, to 54,471, while the wider NSE Nifty dropped 109 points, or 0.67 percent, to 16,302. Mid- and small-cap stocks finished down, with the Nifty Midcap 100 falling 1.78 percent and the small-cap index falling 2.12 percent.
The NSE's 14 out of 15 sector gauges settled in the red. The Nifty FMCG, Nifty Metal, and Nifty Consumer Durables sub-indices all underperformed the index, sliding 1.47 percent, 2.03 percent, and 1.55 percent, respectively. Nifty IT, on the other hand, finished somewhat higher.
Reliance Industries was the biggest loser, falling 4.30 percent to 2,508. Among the losers were Nestle India, Hero MotoCorp, IndusInd Bank, and Tata Steel. On the BSE, the total market breadth was negative, with 1,049 shares rising and 2,416 falling.
RIL, IndusInd Bank, Nestle India, Tata Steel, Tech Mahindra, SBI, Hindustan Unilever, ITC, and ICICI Bank were among the top laggards on the 30-share BSE index. ON the other hand, PowerGrid, HCL Tech, Infosys, Maruti, Bajaj Finserv, HDFC, Bajaj Finance, UltraTech Cement, TCS, and Sun Pharma came out on top.
Rupee falls 60 paise to an all-time low of 77.50 per dollar
Karur Vysya Bank, Bank of Maharashtra raise lending rates
Central Bank of India returns to black with Rs 310 cr net profit in March quarter
SBI announces job openings; the deadline and details inside