May 27, 2024 04:06 (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
'Man-made disaster': Gujarat High Court takes suo motu cognizance of Rajkot gaming zone fire that killed 27 people | Payal Kapadia's Indian film All We Imagine As Light wins Grand Prix Award at Cannes | 'Was told to take the blame': Pune Porsche teen's grandfather told driver to take responsibility for crash | 24 killed in gaming zone fire in Gujarat’s Rajkot; PM Modi expresses grief | INDIA bloc performing mujra for vote bank, says Prime Minister Narendra Modi launching a scathing attack on opposition parties
Indian bourses close in red amid uncertainty in West Asia; Sensex tanks 450pts, Nifty at 21,995
Photo courtesy: Unsplash

Indian bourses close in red amid uncertainty in West Asia; Sensex tanks 450pts, Nifty at 21,995

| @indiablooms | 18 Apr 2024, 06:43 pm

Mumbai: Indian key stock market indicators concluded the fourth consecutive session in the red under the ongoing uncertainties in West Asia and diminishing expectations of an imminent interest rate reduction by the US Federal Reserve, which dampened investor confidence in India.

The Sensex, initially showing promise by opening higher at 73,183.10, reached an intraday peak of 73,473.05.

However, it couldn't sustain this momentum and retreated to a low of 72,365.67 later in the trading session.

Ultimately, the BSE Sensex closed at 72,488.99, marking a decline of 454.25 points or 0.62%.

Similarly, the Nifty 50 began positively at 22,212.35 and rose to an intraday high of 22,326.50. Nevertheless, influenced by risk aversion, it descended to a low of 21,981.90.

Eventually, the Nifty 50 concluded at 21,995.85, down by 152.05 points or 0.69%.

Out of the 30 stocks on the Sensex, only seven ended in positive territory, driven by gains in Bharti Airtel, Power Grid Corp., Infosys, Tata Steel, and Larsen & Toubro. Conversely, Nestle India, Titan, Axis Bank, NTPC, and Tata Motors were the primary detractors.

Similarly, among the 50 stocks on the Nifty 50, only fourteen closed with gains, led by Bharti Airtel, Power Grid Corp., Bajaj Auto, Hindalco, and Infosys. On the other hand, Apollo Hospital Enterprise, Nestle India, Titan, ONGC, and Axis Bank faced notable losses.

The broader market displayed a mixed performance, with the BSE MidCap index declining by 0.39%, while the BSE SmallCap index edged up by 0.06%.

Across sectors, except for media, all others ended in negative territory. Major sectors like Healthcare (down 1.75%), Oil & Gas (down 1.10%), and FMCG (down 1.08%) witnessed significant declines.

Financial Services, Pharma, Bank, Auto, IT, Metal, Realty, and Consumer Durables sectors also closed in the red.

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.