Stock Market Highlights: Sensex closes below 160 points, Nifty down 40 points.

Stock Market Highlights: Sensex closes below 160 points, Nifty down 40 points.

Ira Singh
19th April’23

The Indian equity market indices ended in red for 3rd day in a row on Wednesday dragged by Information technology (IT) stocks as sentiment remained weak after a lacklustre start to the quarterly earnings season.

At close, the Sensex was down 159.21 points, or 0.27%, at 59,567.80 and the Nifty was down 41.40 points, or 0.23%, at 17,618.80.

Metal remained the only sector to have made any reasonable gains in today’s session. IT, Media and PSU bank dragged the most as all these sectors fell around a per cent each, according to sources.

Stocks and Sectors

HCL Technologies, Infosys, IndusInd Bank, SBI Life Insurance and Wipro were among the top losers on the Nifty, while gainers included BPCL, Divis Laboratories, Bajaj Auto, Axis Bank and M&M, according to reliable sources.

Among sectors,information technology and power indices lost a percent each. Buying was seen in metal, oil & gas and pharma names, according to estimates.

The BSE midcap and smallcap indices ended flat.

On 19th April’23,the rupee depreciated 18 paise to close at 82.22 against the US dollar, pressured by a strong greenback overseas and a negative trend in domestic equities.