Closing Bell: Market falls on the last trading session of April, Nifty ends over 17100
Domestic equity benchmarks Sensex and Nifty which began the last session of the trading week on a higher note tracking gains in other Asian markets and Wall Street pared gains to closed in deep red.
Indian equity market reversed the winning trend to end in the red with earlier session gains erased in the last hour of the trading session and closing out the month lower. Global stocks too have gone through wild swings as traders grapple with the fallout from the escalating Russia-Ukraine war, which is now in its third month, the demand impact of stringent lockdowns in China and stagflation risks worldwide. Owing to these developments, benchmark indices ended on a negative note.
At the closing bell on April 29, the Sensex was down 460.19 points or 0.80% at 57,060.87, and the Nifty was down 142.50 points or 0.83% at 17,102.50. On the market breadth, around 1265 shares have advanced, 2035 shares declined, and 117 shares are unchanged.
Top Nifty losers include Axis Bank, Coal India, Adani Ports, Power Grid and Bajaj Auto, while among the top gainers were HDFC Life, Tata Consumer Products, Kotak Mahindra Bank, Sun Pharma and HDFC Bank.
In sectors, all the indices ended in the red with bank, oil & gas, realty, PSU bank, power, and capital goods indices losing 1-2%.
In the broad markets, the BSE midcap index fell 0.81% and smallcap index fell 0.58%.
Volatility persisted throughout the last week of April. On Thursday, benchmark BSE rose 700 points to about 57,521, and the broader NSE Nifty gained 1.2% to 17,245, after having fallen nearly 1% in the previous session.
All eyes would now be on May 4, when the country will witness the opening of the historic LIC IPO.
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