IT, metal, FMCG stocks drag Sensex 236 points down

ANI
24 May 2022, 17:07 GMT+10

Mumbai (Maharashtra) [India], May 24 (ANI): The Indian stock market's benchmark Sensex closed 236 points down on Tuesday dragged by selling pressure in IT, metal and FMCG stocks.

The 30 stock SP BSE Sensex closed 236 points or 0.43 per cent down at 54,052.61 points against its previous day's close at 54,288.61 points.

The markets witnessed choppy session. The Sensex started the day in the positive at 54,307.56 points and touched a high of 54,524.37 points in the intra-day. The index slipped into negative multiple times. It hit a low of 53,886.28 points in the intra-day.

The index had declined 37.78 points or 0.07 per cent on Monday.

The broader Nifty 50 of the National Stock Exchange fell 89.55 points or 0.55 per cent to close at 16,125.15 points against its previous day's close at 16,214.70 points. The Nifty had gained 51.45 points or 0.32 per cent on Monday.

There was selling pressure IT, metal and FMCG stocks.

Tech Mahindra slumped 3.92 per cent to Rs 1098.05. Hindustan Unilever dipped 2.98 per cent to Rs 2309.05. HCL Technologies slumped 2.57 per cent to Rs 991.95. Asian Paints fell 2.33 per cent to Rs 3100.

NTPC, Infosys, Tata Steel, Axis Bank, Bajaj Finserv, ITC, Maruti Suzuki and LT were among the major Sensex losers.

Only 10 of the 30 scrips that are part of the benchmark Sensex closed in the positive. Dr Reddy's Laboratories jumped 1.80 per cent to Rs 4351.10. HDFC surged 1.74 per cent to Rs 2210.

The index heavyweight Reliance Industries Limited rose 0.39 per cent to Rs 2616.00.

Kotak Bank soared 1.35 per cent to Rs 1880.85. HDFC Bank jumped 1.23 per cent to Rs 1318.95. Power Grid Corporation, Nestle India, MahindraMahindra and SBI were among the other major Sensex gainers. (ANI)

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Herald Globe.

More Information

null in null

International

Section

Sources: Meta won’t alter data model, faces fresh EU charges

BRUSSELS, Belgium: Meta is holding firm on its controversial pay-or-consent model, a move that could lead to fresh antitrust charges...

Trump’s tariff push could push US rates above 20%, ICC says

LONDON, U.K.: American consumers and businesses could soon face the highest overall tariff burden in more than a century, according...

U.S. Urged to Investigate After Israeli Settlers Beat Palestinian-American to Death

The family of Sayfollah Saif Musallet, a 20-year-old American citizen who was beaten to death by Israeli settlers in the occupied West...

New Hampshire federal court ruling defies Trump’s citizenship move

CONCORD, New Hampshire: A federal judge in New Hampshire issued a crucial ruling on July 10 against President Donald Trump's executive...

Houthis attack cargo ship in Red Sea, raising maritime safety fears

DUBAI, U.A.E.: A cargo ship flagged under Liberia, known as the Eternity C, sank in the Red Sea following an attack executed by Yemen's...

Trump administration restarts Ukraine arms deliveries

WASHINGTON, D.C.: The Trump administration has started sending some weapons to Ukraine again, just a week after the Pentagon told officials...

Sports

Section