Cipla, Dr Reddy’s, Divi’s Lab and Sun Pharma misplaced 1-3 per cent every on the BSE
The benchmark indices tumbled practically one per cent within the late-afternoon session to finish close to the lows of the day, amid heightened volatility. The BSE Sensex swung in a variety of greater than 800 factors earlier than ending the session at 48,253.51, weaker by 465.01 factors or 0.95 per cent and the NSE Nifty ended at 14,496.50, down 137.65 factors or 0.94 per cent. The BSE Midcap and BSE Smallcap indices, nevertheless, ended with modest losses of round 0.3 per cent every.
All the BSE sectoral indices ended within the pink, excluding the PSU banking index.
Meanwhile, the rupee ended greater by 7 paise at 73.86 per greenback. It had opened marginally greater at 73.90 per greenback in opposition to earlier shut of 73.93 and traded in a variety of 73.76-73.97 all through the day.
Among particular person shares, Tata Consumer Products dived practically 5 per cent to prime the loser’s listing among the many BSE shares. Pharma shares additionally had a weak session, with Cipla, Dr Reddy’s, Divi’s Lab and Sun Pharma shedding 1-3 per cent every. Index heavyweights corresponding to Reliance Industries, HDFC Bank and HDFC Bank additionally weakened by round 2 per cent every.
Among shares within the information, Tata Chemicals shares plunged greater than 9 per cent to Rs 708 after the chemical compounds large reported an enormous decline in revenue within the quarter ended March 2021.
On the opposite, SBI Life Insurance gained greater than 2 per cent to prime the gainers listing on the BSE. Shares of state-run oil retailers additionally jumped after the nation’s largest state-run oil retailer Indian Oil hiked the costs of petrol and diesel after a pause of 18 days. Bharat Petroleum and ONGC gained greater than a per cent every on the BSE.
The BSE market breadth was weak. Out of three,141 shares traded on the BSE, there are 1,402 advancing inventory as in opposition to 1,563 declines.
