ANI
11 May 2022, 18:25 GMT+10
Mumbai (Maharashtra) [India], May 11 (ANI): The Indian stock markets' key indices, Sensex and Nifty, closed in the red for the fourth straight session on Wednesday dragged by selling pressure in IT, FMCG and infra stocks.
The 30 stock SP BSE Sensex closed 276.46 points or 0.51 per cent down at 54,088.39 points against its previous day's close at 54,364.85 points.
This is the fourth straight day of slump in the benchmark index. The Sensex had lost 105.82 points or 0.19 per cent on Tuesday.
The broader Nifty 50 of the National Stock Exchange closed 72.95 points or 0.45 per cent down at 16,167.10 points against its previous day's close at 16,240.05 points.
There was heavy selling pressure in IT, FMCG, infra and power stocks.
LT slumped 2.34 per cent to Rs 1571.45. Bajaj Finserv dipped 2.26 per cent to Rs 13318.70. Bajaj Finance fell 2.08 per cent to Rs 5806.45.
Power stocks fell sharply. Power Grid Corporation dipped 1.99 per cent to Rs 239.05. NTPC fell 1.71 per cent to Rs 152.65.
The index heavyweight Reliance Industries closed 0.95 per cent down at Rs 2449.75. The scrip had lost 1.74 per cent on Tuesday.
Other major Sensex losers included Infosys, Maruti Suzuki, ITC, Tech Mahindra, Wipro and HCL Technologies.
Only 10 of the 30 scrips that are part of the Sensex closed in the positive. Axis Bank rose 1.92 per cent to Rs 672.45. IndusInd Bank jumped 1.37 per cent to Rs 923.20. HDFC, Kotak Bank, HDFC Bank, Bharti Airtel and ICICI Bank were among the major Sensex gainers. (ANI)Get a daily dose of Milwaukee Sun news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Milwaukee Sun.
More InformationWASHINGTON, D.C.: The Pentagon told its civilian employees that they must provide a list of five bullet points detailing their accomplishments...
MELBOURNE, Australia: An Australian warship rescued Lithuanian adventurer Aurimas Mockus this week after he became stranded in the...
WASHINGTON, D.C.: The U.S. is sending about 3,000 more soldiers to the U.S.-Mexico border as President Donald Trump pushes to stop...
ANNAPOLIS, Maryland: Maryland's largest managed care organization for Medicaid recipients has had its accreditation suspended, prompting...
SEOUL, South Korea: A U.S. aircraft carrier reached South Korea over the weekend, shortly after North Korea test-fired cruise missiles...
WASHINGTON, D.C.: Firefly Aerospace has achieved a major milestone in private space exploration, successfully landing its Blue Ghost...
WASHINGTON, D.C.: Contracts to buy previously owned homes in the U.S. fell to a record low in January due to high mortgage rates and...
WASHINGTON, D.C.: Nearly 87,000 Americans died from drug overdoses in the 12 months ending September 2024, a 24 percent drop from the...
(Photo credit: Kim Klement Neitzel-Imagn Images) Johnny DeLuca worked a bases-loaded walk and Tampa Bay scored four runs in the top...
(Photo credit: Petre Thomas-Imagn Images) The Dallas Mavericks play host to the Memphis Grizzlies on Friday night in a game that...
(Photo credit: Marc Lebryk-Imagn Images) Nearly two weeks ago, Purdue's prospects for a long March Madness run looked poor, and Illinois'...
(Photo credit: Nick King/Lansing State Journal / USA TODAY NETWORK via Imagn Images) No. 8 Michigan State clinched a share of the...