Monday, March 27, 2023
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HomeMarketStockssensex: Market Watch: Bank stocks capping the damage | The Economic Times...

sensex: Market Watch: Bank stocks capping the damage | The Economic Times Podcast

Welcome to ETMarkets Watch, your each day wrap-up to the day on Dalal Avenue. I’m Nikhil Agarwal.

Amid the chance of a tighter US financial coverage, benchmark fairness indices ended within the pink for the third consecutive session on Monday, dragged by index heavyweight Reliance, IT, auto, and monetary shares.

The 30-share Sensex ended 519 factors decrease at 61,145, whereas its broader peer, Nifty50, ended simply above the 18,150 mark.

Amongst Sensex shares, Tech Mahindra, Reliance, TCS, HDFC, Bajaj Finance, Infosys, and Wipro have been among the many prime losers in right now’s buying and selling session, falling about 1.5-2%. Tata Metal, ITC, Bajaj FInserv, Dr Reddy’s, HDFC Financial institution, and UltraTech Cement additionally settled decrease.

Nevertheless, Bharti Airtel, Axis Financial institution, IndusInd Financial institution, HUL, Energy Grid, and Titan managed to finish the session with beneficial properties.

Sectorally, Nifty IT dropped 1.55% and Nifty Realty declined 1.27%, whereas Nifty PSU Financial institution and Nifty Shopper Durables closed larger. Within the broader market, Nifty Midcap50 and Smallcap50 ended flat with adverse bias.

Earlier in Asian markets, Japan’s Nikkei 225 rose 0.16%, whereas China’s Shanghai Composite plunged 0.39% and South Korea’s Kospi declined 1.02%.

The Indian rupee declined 0.19% to 81.84 per US greenback, as Asian currencies declined monitoring the Chinese language yuan’s plunge over Covid-19 worries. Whereas the Brent crude January futures fell 0.38% to $87.2 per barrel.

The market breadth skewed in favour of bears. About 2,075 shares declined, 1,519 gained and 178 remained unchanged.

The market capitalisation of all listed firms on BSE declined by Rs 1.4 lakh crore to Rs 280.90 lakh crore.

Mr Ajit Mishra of Religare Broking stated whereas we’re seeing a blended pattern throughout sectors, resilience in banking area is taking part in a vital function in capping the injury up to now.

That’s all for now. Do take a look at for all of the information, market evaluation, funding methods and dozens of inventory suggestions. Get pleasure from your night. Bye Bye.

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