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Benchmarks pare steep losses; Sensex slides 304 points, Nifty ends below 23,450
The domestic equity benchmarks staged a sharp recovery from intraday lows on Wednesday as bargain hunting emerged after the morning selloff. The Nifty, which slipped to an intraday low of 23,151.50, rebounded nearly 250 points and climbed back above the 23,400 mark in late trade. Sentiment improved as investors accumulated beaten-down stocks. However, caution persisted amid uncertainty surrounding U.S.-Iran ceasefire negotiations, which kept global energy markets volatile and crude oil prices elevated. Despite the recovery, the index settled below the 23,450 level, weighed down by weakness in IT and FMCG stocks. Analysts said the Nifty remains technically weak, with immediate support seen at 23,300 and resistance at 23,600.
Oil India Ltd up for third consecutive session
Oil India Ltd is quoting at Rs 490.45, up 1.31% on the day as on 12:49 IST on the NSE. The stock is up 15.4% in last one year as compared to a 5.36% slide in NIFTY and a 12.24% slide in the Nifty Energy index.
Inox Wind Ltd drops for fifth straight session
Inox Wind Ltd is quoting at Rs 83.16, down 0.81% on the day as on 13:19 IST on the NSE. The stock tumbled 53.48% in last one year as compared to a 4.38% slide in NIFTY and a 12.33% spurt in the Nifty Energy index.
Petronet LNG Ltd slips for fifth straight session
Petronet LNG Ltd is quoting at Rs 269.4, down 0.39% on the day as on 13:19 IST on the NSE. The stock tumbled 11.73% in last one year as compared to a 4.38% slide in NIFTY and a 12.33% spurt in the Nifty Energy index.
Mcap of 7 top valued firms erodes by ₹1.54 trn, Reliance takes biggest hit
The combined market valuation of seven of the top 10 valued firms eroded by Rs 1.54 lakh crore last week, with Reliance Industries taking the biggest hit. In a holiday-shortened last week, the BSE benchmark Sensex dropped 639.61 points, or 0.84 per cent, and the NSE Nifty declined 171.55 points, or 0.72 per cent. From the top 10 pack, Reliance Industries, HDFC Bank, Bharti Airtel, ICICI Bank, Tata Consultancy Services (TCS), Bajaj Finance and Hindustan Unilever faced erosion in their valuations, while State Bank of India, Larsen & Toubro and Life Insurance Corporation of India (LIC) were the gainers. The market valuation of Reliance Industries dropped by Rs 46,078.3 crore to Rs 17,87,039.40 crore. HDFC Bank's valuation eroded by Rs 33,333.06 crore to Rs 11,46,641.84 crore. The valuation of Bharti Airtel tumbled Rs 25,408.96 crore to Rs 11,14,886.53 crore and that of TCS dived Rs 22,920.58 crore to Rs 8,15,480.75 crore. The market capitalisation (mcap) of Hindustan Unilever ...
NTPC Green Energy Ltd gains for third straight session
NTPC Green Energy Ltd is quoting at Rs 106.01, up 1.61% on the day as on 12:49 IST on the NSE. The stock is down 4.72% in last one year as compared to a 3.63% jump in NIFTY and a 15.16% jump in the Nifty Energy index.
NLC India Ltd soars 1.81%, Gains for third straight session
NLC India Ltd is quoting at Rs 356.25, up 1.81% on the day as on 12:49 IST on the NSE. The stock is up 47.38% in last one year as compared to a 3.63% gain in NIFTY and a 15.16% gain in the Nifty Energy index.
Thermax Ltd soars 8.26%, rises for third straight session
Thermax Ltd is quoting at Rs 4970, up 8.26% on the day as on 12:49 IST on the NSE. The stock is up 46.69% in last one year as compared to a 3.63% gain in NIFTY and a 15.16% gain in the Nifty Energy index.
Stock markets decline for 2nd day on selling in oil, gas, banking shares
Stock markets closed lower for the second consecutive day on Wednesday as investors remained cautious amid conflicting geopolitical signals from the West Asia and fresh foreign fund outflows. In a volatile trade, the 30-share BSE Sensex declined 141.90 points, or 0.19 per cent, to settle at 75,867.80, with 20 of its constituents ending higher and 10 with losses. During the day, it hit a high of 76,224.68 and a low of 75,748.21, gyrating 476.47 points. The 50-share NSE Nifty skidded 6.55 points, or 0.03 per cent, to end at 23,907.15. Sensex had dropped by 479.26 points and Nifty by 118 points on Tuesday. Financials, oil & gas, IT and private banking shares were the major drag while energy, metals, and auto shares advanced, capping the downside. Among 30 Sensex firms, HDFC Bank fell the most by 2.63 per cent. Infosys, ITC, Hindustan Unilever, Reliance Industries and ICICI Bank were also among the major laggards. Power Grid, Eternal, NTPC and Tata Steel were the major ...
Top Gainers & Losers on May 27: JP Power Ventures, Adani Total Gas, HFCL, Swiggy, Suzlon Energy among top gainers
On May 27, the Indian stock market showed little movement amidst US-Iran conflict uncertainty. The Nifty 50 closed down 0.03%, and the Sensex fell 0.19%. Sector performance varied, with Nifty Media rising 3% and Nifty Private Bank among the top decliners.
Welspun Corp Ltd soars 3.63%, rises for third straight session
Welspun Corp Ltd is quoting at Rs 1366.9, up 3.63% on the day as on 12:49 IST on the NSE. The stock is up 68% in last one year as compared to a 3.32% gain in NIFTY and a 48.47% gain in the Nifty Metal index.
Tata Power Company Ltd gains for third straight session
Tata Power Company Ltd is quoting at Rs 427.5, up 1.56% on the day as on 12:49 IST on the NSE. The stock is up 7.86% in last one year as compared to a 3.32% slide in NIFTY and a 14.75% slide in the Nifty Energy index.