Closing Bell: Sensex falls 1,172 points, Nifty closes at 17,173
- Sensex closed 1,172.19 points or 2.01% lower at 57,166.74
- Nifty slipped 302 points or 1.73% to finish at 17,173.65
- Rupee declined 6 paise to close at 76.25 against the US dollar
Equity indices fell sharply on Monday, with the Sensex plunging 1,172.19 points, pulled down by heavyweights Infosys and HDFC twins and following a weak trend in Asian markets.
The BSE Sensex closed 1,172.19 points or 2.01% lower at 57,166.74. During the day, it tumbled 1,496.54 points or 2.56% to 56,842.39.
The broader NSE Nifty slipped 302 points or 1.73% to finish at 17,173.65.
Also Read | Infosys share falls nearly 9% after reporting 2.1% decline in Q4 net profit
On the sectoral front, the IT index was down 4.7% and realty, bank indices slipped 1% each. However, auto, power, FMCG and metal ended in the green. BSE midcap and smallcap indices were down 1% each.
Major laggards in the 30-share pack include Infosys down by 7.27%, HDFC down by 4.81%, HDFC Bank down by 4.74%, Tech Mahindra down by 4.69%, Wipro down 3.67% and TCS down by 3.63%.
Also Read | Gold prices touch 1-month high as Ukraine situation dampens risk appetite
Among the gainers were NTPC up by 6.11%, Tata Steel up by 1.51%, Maruti up by 1.37%, Titan up by 1.21%, HUL up by 1.13%, M&M up by 0.99% and Nestle up by 0.89%.
Shares of tech major Infosys plummeted 7.16% after its Q4 results failed to excite investors.
HDFC Bank declined 4.53% to Rs 1,398.50 even after posting a 22.8% jump in its standalone net profit at Rs 10,055.2 crore for the quarter ended March 2022.
Also Read | Oil prices surge on supply worries as Ukraine crisis worsens
The rupee declined 6 paise to close at 76.25 against the US dollar.
In addition, the wholesale price-based inflation (WPI) rose to a four-month high of 14.55% in March on rising prices of crude oil and other commodities due to disruption in the global supply chain in the wake of the Russia-Ukraine war, a development that can induce the RBI to raise interest rates to control price rise.
Also Read | China’s Q1 GDP grows 4.8% year on year, beating expectations
Among Asian market peers, Seoul, Shanghai, and Tokyo settled lower while Hong Kong was closed for a holiday.
The international benchmark for crude oil Brent crude slipped 0.18% to USD 111.5 per barrel.
According to stock exchange data, foreign institutional investors sold shares worth a net Rs 2,061.04 crore on Wednesday.
Related Articles
ADVERTISEMENT