Sensex Ends 244 Points Lower, Nifty Ends Below 14,300; UltraTech Cement & HCL Tech Top Losers

Indian share markets witnessed volatile trading activity throughout the day today and ended lower.

Benchmark indices erased gains in afternoon deals and turned negative after an economically important state of Maharashtra announced stricter Covid-19 curbs, despite the center's move to extend its vaccine-for-all drive to vaccinate all adults irrespective of age group.

At the closing bell, the BSE Sensex stood lower by 244 points (down 0.5%).

Meanwhile, the NSE Nifty closed lower by 63 points (down 0.4%).

Dr Reddy's Labs and Bajaj Finserv were among the top gainers today.

UltraTech Cement and HCL Technologies, on the other hand, were among the top losers today.

The SGX Nifty was trading at 14,292, down by 97 points, at the time of writing.

Both, the BSE Mid Cap index and the BSE Small Cap index ended up by 0.5%.

On the sectoral front, IT stocks and FMCG stocks were among the hardest hit.

Shares of Cadila Healthcare and Jindal Steel & Power hit their respective 52-week highs today.

Asian stock markets ended on a mixed note today.

The Shanghai Composite ended lower by 0.1%, while the Hang Seng ended higher by 0.1%. The Nikkei ended lower by 2%.

US stock futures are trading on a negative note today with the Dow Futures trading down by 54 points.

The rupee is trading at 74.88 against the US$.

Gold prices for the latest contract on MCX are trading down by 0.2% today at Rs 47,283 per 10 grams.

In news from the insurance sector...

ICICI Prudential Life Insurance was among the top buzzing stocks today.

ICICI Prudential Life Insurance Q4 Consolidated Net Profit Declined by 65%

On 19 April 2021, insurance major ICICI Prudential Life Insurance Company reported a 65% decrease in consolidated net profit at Rs 630 million for the quarter ending 31 March 2021. It was Rs 1.8 billion in the year-ago period.

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Disclosure: Equitymaster Agora Research Private Limited (Research Analyst) bearing Registration No. INH000000537 (hereinafter referred as 'Equitymaster') is an independent equity research ...

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