In the mid-day session, Indian equity benchmarks remained under pressure, weighed down by bearish indications from other Asian markets. A private assessment stated that the pandemic seemed to have harmed the chances of recipients wishing to enrol in minority schemes, therefore sentiments were negative. 

Also Read| Crypto news daily: Bitcoin data and price analysis for Wednesday, April 27, 2022

Asian markets were trading mostly in red with Nikkei 225 slipping 369.79 points or 1.38% to 26,330.32, Taiwan Weighted dropping 294.45 points or 1.77% to 16,350.34, Jakarta Composite lost 55.56 points or 0.77% to 7,176.59, KOSPI fell 34.94 points or 1.31% to 2,633.37 and Straits Times trembled 2.79 points or 0.08% to 3,319.26. On the flip side, Shanghai Composite gained 10.98 points or 0.38% to 2,897.41 and Hang Seng increased 18.19 points or 0.09% to 19,952.90.

Also Read| Gold, silver and other metal prices on Wednesday, April 27, 2022

Sensex is currently trading at 56,720.62, down by 635.99 points or 1.11% after trading in a range of 56,584.04 and 57,079.03. There were 3 stocks advancing against 27 stocks declining on the index.

Also Read| Tesla’s valuation falls by $126 billion amid Elon Musk’s Twitter takeover

The broader indices were trading in red with the BSE Midcap index being down by 1.08%, while the Small cap index was down by 1.16%. The top losing sectoral indices on the BSE were Telecom down by 1.61%, Basic Materials down by 1.56%, Metal down by 1.55%, PSU down by 1.49% and IT down by 1.35%, while there were no gaining sectoral indices on the BSE.

Also Read| Sensex tanks over 490 points while Nifty around 17,050 in early trade

The few gainers on the Sensex were Reliance Industries up by 1.20%, Asian Paints up by 0.04% and Kotak Mahindra Bank up by 0.01%. On the flip side, Bajaj Finance is down by 5.36%, Bajaj Finserv down by 3.56%, ICICI Bank down by 2.04%, Wipro down by 2.03% and SBI down by 1.96% were the top losers.

Also Read| US Stock Market: DJIA, S&P500, Nasdaq and Russell ended 2.5% down on Tuesday

Nifty is currently trading at 17,007.85, down by 192.95 points or 1.12% after trading in a range of 16,958.45 and 17110.70. There were 3 stocks advancing against 47 stocks declining on the index.

Also Read| Fuel price today: Petrol and Diesel rates remain unchanged on April 27, 2022

The top gainers on Nifty were Reliance Industries up by 1.22%, Hero MotoCorp up by 0.74%, Asian Paints up by 0.01%, Bajaj Auto up by 0.00% and HDFC Bank up by 0.00%. On the flip side, Bajaj Finance is down by 5.44%, Bajaj Finserv is down by 3.56%, Hindalco is down by 3.04%, SBI Life Insurance is down by 2.28% and Tata Consumer Products is down by 2.18% were the top losers.