The home markets misplaced greater than half a per cent in late-afternoon buying and selling to finish close to intra-day lows because of profit-booking put up the rally prior to now two periods. The BSE Sensex ended the day at 49,902, decrease by 290.55 factors or 0.58 per cent and the NSE Nifty settled at 15,030.10, down 77.90 factors or 0.52 per cent. The broader markets, nevertheless, outperformed their largecap friends, with the BSE Midcap index and BSE Smallcap index gaining round half a per cent every.
The benchmark indices have been range-bound via the day, albeit amid bouts of choppiness, earlier than a wave of promoting stress in the direction of the fag finish of commerce dragged the BSE down by almost 450 factors from the day’s excessive to hit a low of 49,831, earlier than settling at 49,902. The BSE index had gained round Three per cent prior to now two buying and selling periods alone.
Meanwhile, the rupee erased intra-day positive factors and buying and selling close to the day’s low at 73.14 per greenback, amid weak commerce seen within the home fairness market. It opened flat at 73.02 per greenback towards earlier shut of 73.04.
On the stock-specific entrance, Tata Motors was in focus after its consolidated loss narrowed to Rs 7,605 crore within the fourth quarter ended March 2021 from Rs 9,894.25 crore within the corresponding quarter final yr. Tata Motors was the highest loser amongst NSE shares, shaving off greater than 5 per cent to finish at Rs 314. HDFC, M&M and JSW Steel have been the opposite vital losers on the NSE.
On the opposite hand, Coal India, Cipla, UPL and Nestle gained round 1-Three per cent every on the BSE.
The BSE market breadth was constructive. Out of three,227 shares traded on the BSE, there have been 1,769 advancing shares as towards 1,282 declines.