Closing Market Updates: Sensex falls 244-pts Nifty slips 63-pts

The Indian share benchmarks fell for the second straight session on Tuesday dragged by weakness in IT, FMCG and financial services sector shares.  The  BSE Sensex declined 244 points to end at 47,706 while the NSE Nifty 50 index slipped 63 points to close at 14,296.

The heavyweights like HDFC, HDFC Bank, Infosys, HCL Technologies, TCS and UltraTech Cement in noon deals, the benchmarks erased intraday gains. The Sensex fell over 1,000 points from the day's highest level and the Nifty 50 index touched an intraday low of 14,207 after hitting an intraday high of 14,527.

The broader markets managed to lower the bear onslaught and supported the overall market breadth. The BSE MidCap and SmallCap indices gained 0.5 percent each. Sectorally, the Nifty IT index, down 1.4 percent, faced the hardest knock amid weakness in global tech stocks. That apart, the Nifty FMCG and Bank indices ended 0.64 percent and 0.35 percent lower, respectively. 

Individually, Cipla, Gland Pharma, JB Chemicals and Pharmaceuticals, Max Healthcare, Neuland Laboratories and Apollo Hospital Enterprises hit their respective record highs today while Sun Pharma, Cadila Healthcare, Glenmark Pharmaceuticals, Panacea Biotech and RPG Lifesicenes hit one-year- highs in the intra-day trade as the Indian government will open up vaccination to anyone over 18 years of age starting May 1.

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