Closing Bell: Market ends lower in a volatile trading session, Nifty holds 17950

Closing Bell: Market ends lower in a volatile trading session, Nifty holds 17950

by 5paisa Research Team Last Updated: 2022-04-05T16:44:09+05:30

Domestic equity benchmarks halted the two-day positive streak and closed lower in a volatile session today with the Nifty ending slightly below the 18,000 level.

The Indian equity market fell on Tuesday, pausing the rise in the previous two sessions as rising crude oil prices dented investor sentiment. Brent crude futures climbed 1.44% to USD 109.10 a barrel. The US West Texas Intermediate futures rose 1.51%. Thus, the headline indices broke two days' winning streak and ended lower in the choppy session.

At the closing bell on April 5, the Sensex was down 435.24 points or 0.72% at 60,176.50, and the Nifty was down 96 points or 0.53% at 17,957.40. On the market breadth, around 2280 shares have advanced, 1035 shares declined, and 97 shares are unchanged.

Among the top Nifty losers were HDFC Bank, HDFC, Bajaj Finserv, Reliance Industries and Kotak Mahindra Bank. Top gainers include Adani Ports, NTPC, Tata Motors, Power Grid Corporation and Tata Consumer Products. In the top drags, HDFC twins (HDFC and HDFC Bank) were the top Nifty losers as the stocks cracked 2.17% and 3.13%, respectively.

On the sectoral basis, auto, FMCG and power indices rose 1-3%, while bank index was down 1%. In the broad markets, the BSE midcap and smallcap indices added 1% each.

In the buzzing stocks, Tata Power stock rose 8% after its wholly-owned subsidiary Tata Power Solar Systems commissioned a 160MW AC solar project at Jetstar, Rajasthan. On the flip side, shares of Zomato were down over 2% after the top two food delivery apps came under wrath from the competition watchdog. Also in the reckoning were auto stocks, whereas banking stocks remained under pressure.

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