Sensex, Nifty fall over 1 pc on selling in HDFC twins
Business | May 05, 2023 16:29 ISTBoth the stocks fell sharply amid reports that the merged HDFC entity could see significant outflow.
Both the stocks fell sharply amid reports that the merged HDFC entity could see significant outflow.
During the day, it rallied 604.61 points or 0.98 per cent to 61,797.91.
Rallying for the eighth straight day, the 30-share BSE Sensex climbed 242.27 points or 0.40 per cent to settle at 61,354.71.
Rallying for the fifth straight session, the 30-share BSE Sensex jumped 463.06 points or 0.76 per cent to settle at 61,112.44. During the day, it surged 560.08 points or 0.92 per cent to 61,209.46.
During intra-day, it hit a high of 60,101.64 and a low of 59,620.11. As many as 23 stocks in the index ended in the green and seven in the red. The broader NSE Nifty gained 119.35 points or 0.68 per cent to close at 17,743.40.
Stock Market: In a volatile trade, the 30-share BSE Sensex edged up 22.71 points or 0.04 per cent to settle at 59,655.06.
The broader Nifty dipped 41.40 points or 0.23 per cent to settle at 17,618.75 with 31 of its shares closing with losses.
UltraTech Cement, Titan, Reliance Industries, Bajaj Finance, Mahindra & Mahindra, ICICI Bank, Tata Consultancy Services, Tech Mahindra, ITC and HDFC Bank were among the major laggards.
After gaining 375 points in the early trade, the BSE Sensex could not hold to gains and declined 897.28 points or 1.52 per cent to settle at 58,237.85 as 29 of its constituents declined while only one advanced.
Sensex on Wednesday witnessed a three-week low as it plunged by 927 points to settle at 59744.98 while Nifty settled at a four month low below 176,00. The figures are a reflection of weak global trends.
The 30-share BSE Sensex zoomed 846.94 points or 1.41 per cent to settle at 60,747.31. During the day, it jumped 989.04 points or 1.65 per cent to 60,889.41. The broader NSE Nifty climbed 241.75 points or 1.35 per cent to end at 18,101.20.
Business News: After falling in the previous three trading sessions, the 30-share BSE benchmark climbed 179.53 points to 57,326.85 after a positive start. The broader NSE Nifty gained 52.75 points to 17,036.30.
Rupee v/s Dollar: At the interbank foreign exchange, the domestic unit opened at 82.35 against the dollar, then pared the gains to 82.41, registering a loss of just 1 paisa over its previous close.
The 30-share BSE Sensex climbed 513.29 points to 58,578.76 in early trade. The broader NSE Nifty advanced 154.5 points to 17,428.80.
The Reserve Bank of India (RBI) expects retail inflation to come under control at 5.2 per cent in the next financial year beginning April, down from 6.7 per cent it has forecast for the current year.
The rupee consolidated in a narrow range and settled 9 paise higher at 81.58 (provisional) against the US dollar on Tuesday as the American currency retreated from its elevated levels. At the interbank forex market, the local unit opened at 81.45 against the greenback.
Power Grid, Tata Steel, Maruti, Mahindra & Mahindra, NTPC, IndusInd Bank, Axis Bank and Titan were the major laggards in the early trade.
The 30-share BSE Sensex tanked 1,020.80 points or 1.73 per cent to close at 58,098.92. Similarly, the NSE Nifty plummeted 302.45 points or 1.72 per cent to end at 17,327.35.
The 30-share BSE Sensex tanked 1,093.22 points or 1.82 per cent to settle at 58,840.79. During the day, it tumbled 1,246.84 points or 2 per cent to 58,687.17. The NSE Nifty declined 346.55 points or 1.94 per cent to close at 17,530.85.
The 30-share BSE Sensex climbed 104.92 points or 0.18 per cent to settle at 59,793.14. During the day, it jumped 431.58 points or 0.72 per cent to 60,119.80. On similar lines, the broader NSE Nifty ended higher by 34.60 points or 0.19 per cent to 17,833.35.
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