Sensex, Nifty Snap 4-Day Winning Streak; Adani Ports And Tata Steel Among Top Nifty Losers

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

Unfavorable global market cues, weakness in metal stocks, and heavyweight Reliance Industries drove Indian benchmark indices lower today.

At the closing bell, the BSE Sensex stood lower by 271 points (down 0.5%).

Meanwhile, the NSE Nifty closed lower by 102 points (down 0.6%).

Tata Consumer Products and NTPC were among the top gainers today.

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

The SGX Nifty was trading at 15,780, down by 74 points, at the time of writing.

The BSE Mid Cap index and the BSE Small Cap index ended down by 1.1% and 0.8%, respectively.

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

FMCG and IT stocks, on the other hand, witnessed buying interest.

Shares of Just Dial and Thyrocare Technologies hit their respective 52-week highs today.

Asian stock markets ended on a negative note today.

The Hang Seng and the Shanghai Composite ended the day down by 0.7% and 1.1%, respectively.

The Nikkei ended down by 0.5% in today's session.

US stock futures are trading on a negative note today with the Dow Futures trading down by 48 points.

The rupee is trading at 73.32 against the US$.

Gold prices for the latest contract on MCX are trading up by 0.2% at Rs 48,505 per 10 grams.

In news from the hotel's sector, Jubilant FoodWorks was among the top buzzing stocks today.

Shares of Jubilant FoodWorks rallied over 5% to hit a record high of Rs 3,331.9 today after the company reported over three-fold jump in its consolidated net profit for the quarter ended March 2021.

Jubilant FoodWorks, which operates fast-food chains Domino's Pizza and Dunkin' Donuts, reported its consolidated net profit at Rs 1.1 bn for the quarter ended 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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