Sensex Falls 471 Points, Nifty Ends Below 14,700; Tata Steel & JSW Steel Top Losers

Indian share markets witnessed selling pressure throughout the day today and ended lower.

Benchmark indices extended losses for the second straight session and ended deep in the red, tracking a sell-off in global shares amid surging commodity prices and growing inflationary pressure in the US.

At the closing bell, the BSE Sensex stood lower by 471 points (down 1%).

Meanwhile, the NSE Nifty closed lower by 154 points (down 1%).

Tata Motors and Titan Company were among the top gainers today.

Tata Steel and JSW Steel, on the other hand, were among the top losers today.

The SGX Nifty was trading at 14,712, down by 139 points, at the time of writing.

The BSE Mid Cap index and the BSE Small Cap index ended down by 0.9% and 0.6%, respectively.

Sectoral indices ended on a negative note with stocks in the metal sector and banking sector witnessing most of the selling pressure.

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

Shares of Godrej Consumer and Venkys hit their respective 52-week highs today.

Siemens and Vodafone Idea were among the top buzzing stocks today.

Asian stock markets ended on a mixed note today. Japan's Nikkei reversed early gains to shed 1.9%, while Taiwan's benchmark index plunged 6% from all-time high levels seen in February.

The Hang Seng and the Shanghai Composite ended the day up by 0.8% and 0.6%, respectively.

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

The rupee is trading at 73.42 against the US$.

Gold prices for the latest contract on MCX are trading on a flat note today at Rs 47,597 per 10 grams.

In cryptocurrencies, Bitcoin was trading around US$ 56,550.

Meanwhile, ether hovered near record highs at US$ 4,282. The value of the second-biggest digital token has surged over 5.5 times so far this year.

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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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