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Let’s start with BSE and NSE, both indices ended flat as gains from IT and FMCG stocks were offset by losses in banking and auto stocks. Sensex ended 22 pts higher at 59,655 while Nifty ended above 17600 level.
Talking about today’s gainers and losers
ITC, TCS, Wipro, Asian Paints and HCL Tech were the top performers, rising 1-2%. HDFC, Kotak Bank, Infosys and Bajaj Finance also closed higher. On the flip side, Tech Mahindra, Maruti, Tata Steel, UltraTech Cement, Bajaj Finserv and Tata Motors closed in the red zone.
Coming to stocks in focus today
Shares of Cyient closed over 5% higher, while ICICI Prudential ended 2.6% lower after Q4 results. Vodafone Idea closed 7% higher after the company announced appointment of Kumar Mangalam Birla, as an Additional Director
On the sectoral front, the Nifty FMCG rose 0.89% and Nifty IT surged 0.69%.
Whereas, banks, financial, auto, metal, realty, and consumer durables sectors closed lower. In the broader market, Nifty Midcap50 fell 0.41% and Smallcap50 declined 0.17%.
Global Markets
Global stocks struggled as investors pored over economic data, likelihood of more interest rate hikes and possible recession in the United States as a new earnings season unfolded. Japan’s Nikkei 225 declined 0.33%, hang seng fell 1.43% while china’s composite index ended 1.95% down.
Rupee and oil prices
Rupee ended marginally higher against the USD amid lukewarm risk appetite and finished at 82.09 per US dollar. Whereas Oil prices were on track for a hefty weekly loss due to economic and interest rate uncertainty. Brent futures for June delivery edged down by 4 cents to $81.06 a barrel. WTI was down 1 cent at $77.36.
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