Sensex Ends 291 Points Lower; Tata Motors And HDFC Among Top Nifty Losers

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

Benchmark indices swung between gains and losses amid muted investor sentiment across global markets.

At the closing bell, the BSE Sensex stood lower by 291 points (down 0.6%).

Meanwhile, the NSE Nifty closed lower by 78 points (down 0.5%).

Coal India and Cipla were among the top gainers today.

Tata Motors and HDFC, on the other hand, were among the top losers today.

The SGX Nifty was trading at 15,055, down by 106 points, at the time of writing.

The BSE Mid Cap index and the BSE Small Cap index ended down by 0.5% and 0.4%, respectively.

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

Realty stocks, on the other hand, witnessed buying interest.

Shares of Birla Corporation and UPL hit their respective 52-week highs today.

Asian stock markets ended on a mixed note today as uncertainties over inflation prompted investors to reduce exposure to riskier assets.

The Shanghai Composite ended the day down by 0.5%, while the Hang Seng ended up by 1.4%. The Nikkei ended down by 1.3% in today's session.

US stock futures are trading on a negative note today with the Dow Futures trading down by 239 points.

The rupee is trading at 73.16 against the US$.

Gold prices for the latest contract on MCX are trading down by 0.3% at Rs 48,141 per 10 grams.

In news from the banking sector, Ujjivan Small Finance Bank was among the top buzzing stocks today.

Shares of Ujjivan Small Finance Bank tumbled over 8.1% to hit an intra-day low of Rs 28.1 apiece on the BSE today after the lender's asset quality worsened in the March quarter.

Ujjivan Small Finance Bank (SFB) reported an 86% jump in its net profit to Rs 1.4 billion for the last quarter of the fiscal year ended in March 2021.

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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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