The BSE Sensex closed 1,172.19 points or 2.01% lower at
57,166.74, pulled down by heavyweights Infosys and HDFC twins following a weak
trend in Asian markets. The broader NSE Nifty slipped 302 points or 1.73% to
finish at 17,173.65.

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.

Also Read | Closing Bell: Sensex falls 1,172 points, Nifty closes at 17,173

Here are the key stocks that moved most on April 18:

Infosys: The stock price slipped 7.22% to close at Rs
1,622.30 after it reported weaker-than-expected earnings for the quarter ended
March 2022. Jefferies India lowered its margin estimates by 100-170 basis
points to factor in the miss and expected 21.9% margin. Nomura Research expects
FY23F EBIT margin to drop 100bp YoY to 22% and lower fiscal 2022-24 earnings
per share by 5%-7% primarily on its lower margin expectations.

Also Read | Infosys share falls nearly 9% after reporting 2.1% decline in Q4 net profit

Tata Steel: Shares of Tata Group company closed 1.57%
higher at Rs 1,340.25 as it plans a stock split. The board of directors will
meet on May 3 to consider the share sub-division and to recommend dividends for
fiscal 2022. The board will also take on record the audited standalone and
unaudited consolidated financial statements and results for the quarter ended
March 31, 2022, the company said in a press release.

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HDFC Bank: The share tumbled 4.60% to close at Rs
1,397.50. On April 16, HDFC Bank reported a 23% year-on-year (YoY) growth in
standalone net profit at Rs 10,055.2 crore for the fourth quarter of fiscal
2022. Bad loan provisions declined 29%. Net Interest Income (NII) surged 10.2%
YoY to Rs 18,872.7 crore in the reported quarter, with credit growth of around
21% and 16.8% growth in deposits YoY.

Also Read | HDFC Bank share tanks over 3% after reporting Q4 results

Tata Power: The stock closed 5.53% down at Rs 258.00 on
April 18. BlackRock Real Assets, along with Mubadala, will acquire a 10.53%
stake in Tata Power’s subsidiary Tata Power Renewables for Rs 4,000 crore ($525
million). The investment has taken a base equity valuation of the subsidiary to
Rs 34,000 crore.

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Maruti Suzuki India: The auto major’s share price ended
1.47% higher at Rs 7,579.50 after the company announced a hike in prices across
models amid an increase in various input costs. The weighted average increase
across models is 1.3% – Ex-Showroom Prices (Delhi). The company statement said
the new prices will come into effect from April 18, 2022.