Sensex Ends 366 Points Lower, Nifty Settles Near 16,500; UltraTech Cement & Asian Paints Plunge 5%

Indian share markets witnessed volatile trading activity throughout the day today and ended lower. At the closing bell, the BSE Sensex stood lower by 366 points (down 0.7%).

Indian share markets witnessed volatile trading activity throughout the day today and ended lower. Benchmark indices turned volatile and slipped into the red zone in afternoon deals amid weakness in auto, banking and select index heavyweight stocks. At the closing bell, the BSE Sensex stood lower by 366 points (down 0.7%).

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Meanwhile, the NSE Nifty closed lower by 108 points (down 0.7%).

ONGC and UPL were among the top gainers today.

UltraTech Cement and Asian Paints, on the other hand, were among the top losers today.

The SGX Nifty was trading at 16,529, down by 89 points, at the time of writing.

The BSE Mid Cap index ended down by 0.6%, while the BSE Small Cap index ended up by 0.4% and %, respectively.

Sectoral indices ended on a mixed note with stocks in the auto sector, banking sector and finance sector witnessing most of the selling pressure.

Oil & gas and power stocks, on the other hand, witnessed buying interest.

Shares of GMDC and Hitachi Energy hit their respective 52-week highs today.

Asian stock markets ended on a mixed note today.

The Hang Seng ended up by 0.6%, while the Shanghai Composite ended down by 0.1%. The Nikkei ended up by 0.7% in today's session.

US stock futures are trading on a flat note today with the Dow Futures trading down by 10 points.

The rupee is trading at 75.90 against the US$.

Gold prices for the latest contract on MCX are trading up by 0.7% at Rs 51,675 per 10 grams.

Crude oil futures soared past the US$118-mark and were up nearly 3% as the ongoing invasion of Ukraine by Russia showed no signs of easing.

In news from the travel support services sector, Easy Trip Planners was among the top buzzing stocks today.

Online travel services provider Easy Trip Planners today said its board has approved allotment of bonus shares in the ratio of one share for every one existing share held by eligible shareholders.

The board of directors approved the allotment of 108.7 m equity shares of the face value of Rs 2 each as fully-paid up bonus equity shares, in the ratio of one equity share of Rs 2 each for every one existing equity share of Rs 2 each.

The bonus shares will be issued to members whose names appeared in the register of beneficial owners as of 2 March 2022, which is the record date fixed for that purpose, it added.

Consequently, the paid-up equity share capital of the company has increased to Rs 434.6 m, comprising 217.3 m equity shares of Rs 2 each, from Rs 217.3 m compromising 108.7 m equity shares of Rs 2 each.

EaseMyTrip is an Indian online travel company, founded in 2008. The company provides hotel bookings, air tickets, holiday packages, bus bookings, and white-label services.

Easy Trip Planners share price ended the day down by 4.7% on the BSE.

 

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