Stock market today:  The domestic benchmark indices ended lower on Friday, September 22, amid selling in FMCG, IT, financial services, pharma, metals, and realty stocks. The market also feared the US Fed's hawkish note might hold foreign investors back.

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At close, the S&P BSE Sensex was down 221.09 points, or 0.33 per cent, at 66,009.15, and the NSE Nifty was down 68.1 points, or 0.34 per cent, at 19,674.25.

Among the Nifty 50 stocks, 30 declined and 20 advanced. Nifty Mid Cap 100 ended negative, whereas Small Cap 100 was closed in positive territory.

Nifty Bank ended flat at 44,612.05.

"Domestic markets closed on a sombre note as mixed cues from US and Asian markets weakened domestic investors’ confidence. Nevertheless, PSU bank stocks outperformed as India's inclusion in JP Morgan's Government Bond Index led to a decline in bond yields. On a broad basis, risk-averse sentiment prevailed due to the ongoing ascent of US bond yields and concern over higher rates for a prolonged period," said Vinod Nair, Head of Research at Geojit Financial Services.

NIFTY 50 STOCKS 

IndusInd Bank, Maruti Suzuki, State Bank of India (SBI), M&M, and Asian Paints were the major winners on the NSE. Conversely, Wipro, Dr Reddy's Laboratories, UPL, Cipla, and Bajaj Auto were the top losers.

BUZZING STOCKS

Housing & Urban Development Corporation shares closed 19 per cent higher at Rs 86.02 on the BSE.

India Cements shares were up over 1 per cent after the company entered into an agreement with UltraTech Cement for the sale of land.

RVNL shares were up over 5 per cent after the company formed a joint venture with the National Highways Authority of India.

Conversely, Glenmark Pharma shares were down over 3 per cent while Glenmark Life Sciences shares were up over 3 per cent after an agreement was signed with Nirma Limited for the share sale.

Wipro shares were down over 2 per cent and ended as the top loser on NSE after the company's Chief Financial Officer (CFO), Jatin Pravinchandra Dalal, resigned from the position and Aparna Iyer was appointed as the new CFO.

GLOBAL MARKETS 

Shares in Europe were mostly lower Friday after mixed trading in Asia following a broad retreat on Wall Street driven by worries over interest rates.

Germany's DAX shed 0.3 per cent to 15,526.55, and the CAC 40 in Paris sank 0.7 per cent, to 7,163.97. Britain's FTSE 100 was up 0.3 per cent, at 7,702.08. 

The future for the S&P 500 edged 0.1 per cent higher, while that for the Dow Industrials was virtually unchanged.

On Thursday, the S&P 500 lost 1.6 per cent for its worst day since March. The Dow Jones Industrial Average dropped 1.1 per cent and the Nasdaq composite lost 1.8  per cent.

(with agency inputs)

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