Stock Market News Today Highlights: Sensex falls over 300 points, Nifty defends 17000; Wipro tanks 7%
Stock Market, BSE Sensex, Nifty50 Highlights: Benchmark BSE Sensex declined by 390 points on Thursday following heavy selling in banking, finance and capital goods stocks due to inflation and growth concerns.
A weak rupee and rising crude prices also impacted the market sentiment, traders said. The 30-share BSE Sensex declined 390.58 points or 0.68 per cent to settle at 57,235.33. Likewise, the broader NSE Nifty fell 109.25 points or 0.64 per cent to end at 17,014.35.
Wipro was the top loser in the Sensex pack, shedding 7.03 per cent, followed by SBI, L&T, ICICI Bank, Asian Paints, Bajaj Finance and HDFC twins. On the other hand, HCL Tech, Sun Pharma, Dr Reddy's Reliance Industries and Ultra Tech Cement were among the gainers, rising up to 3.19 per cent.
Stock Market, BSE Sensex, Nifty50 Highlights: Benchmark BSE Sensex declined by 390 points on Thursday following heavy selling in banking, finance and capital goods stocks due to inflation and growth concerns.
A weak rupee and rising crude prices also impacted the market sentiment, traders said. The 30-share BSE Sensex declined 390.58 points or 0.68 per cent to settle at 57,235.33. Likewise, the broader NSE Nifty fell 109.25 points or 0.64 per cent to end at 17,014.35.
Wipro was the top loser in the Sensex pack, shedding 7.03 per cent, followed by SBI, L&T, ICICI Bank, Asian Paints, Bajaj Finance and HDFC twins. On the other hand, HCL Tech, Sun Pharma, Dr Reddy's Reliance Industries and Ultra Tech Cement were among the gainers, rising up to 3.19 per cent.
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SBI stock surges over 2%
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Asian Energy Services
Asian Energy Services JV gets letter of award worth Rs 161 crore for coal handling plant.
Rupee falls 6 paise
Rupee falls 6 paise to close at 82.39 (provisional) against US dollar.
Rupee falls 6 paise
Rupee falls 6 paise to close at 82.39 (provisional) against US dollar.
Over 100 stocks at 52-week high
Indian benchmark indices were in red on weekly F&O expiry. Still more than 100 stocks touched 52-week high on the BSE.
Sector-wise top losers
Hotel Losers
Indian Hotels -4.5%
Mahindra Holidays -2%
Taj GVK -1.6%
Energy Losers
Suzlon Energy -4.3%
Adani Power -3.65
JSW Energy -3%
Textile Losers
Indian Terrain -4%
Monte Carlo -3.3%
Century Textile -2%
Bombay Dyeing -2%
Tyres Losers
CEAT -3.5%
JK Tyres -3%
Balkrishna Ind -1.3%
Sugar Losers
Dhampur Bio -3.5%
Bannari amman Sugar -2%
Balrampur Chini - 1.5%
Auto Ancillary Gainers
LG Bala +4%
Lumax Ind +3%
Auto Axle +1.90%
Bank of Baroda, SBI among major losers in Nifty Bank
While Bank of Barod is down by over 2 per cent, State Bank of India slipped around 1.86 per cent to trade at around Rs 533.
Brokerage firms upgrade, downgrade pharma stocks
Sun Pharma ~ CMP Rs 964
Jefferies
Target Up to 1108 v/s 1089
Goldman Sachs
Target Up to 780 v/s 720
HSBC
Target Up to 1150 v/s 1120
Cipla ~ CMP Rs 1112
Jefferies
Target Up to 1286 v/s 1223
Goldman Sachs
Target Up to 910 v/s 850
HSBC
Target Up to 1285 v/s 1180
Lupin ~ CMP Rs 680
Goldman Sachs
Target Up to 735 v/s 680
HSBC
Target Up to 715 v/s 685
Dr Reddy ~ CMP RS 4275
Jefferies
Target down to 5145 v/s 5224
Goldman Sachs
Target Down to 4265 v/s 4380
HSBC
Target down to 5030 v/s 5140
All major sectoral indices in red
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Hindalco gains around 1.34 per cent
Hindalco Industries Limited gains around 1.34 per cent even as Nifty Metal down by 0.15%. This comes as aluminium prices on the London Metal Exchange (LME) soared on reports of the US considering a ban on Russian aluminium.
Top gainers of Nifty50
HCL Tech, Hindalco, Sun Pharma are among major gainers on the Nifty
Muhurat Trading 2022 Timing
