Closing Bell: Nifty, Sensex end lower as IT, Bank drags
Closing Bell 18 April 2022- Nifty, Sensex end lower as IT, Bank drags: Indian stock markets opened a gap down on Monday after a long weekend amid negative cues from the Asian markets. Nifty today opened at 17183.45 levels, down by 292.2 points while Sensex made a negative opening of 1000.35 points at 57338.58 levels. The markets extended their early losses and closed in the deep red today.
Stock Market News Today
The market sentiments were negative as traders were cautious after World Bank stated that the introduction of the Central Bank Digital Currency (CBDC) could potentially pose risks to privacy. This may increase the responsibilities of the central bank and may also lead to currency substitution through cross-border transactions. Further, the market sentiments got hit as the country’s WPI inflation accelerates to 14.55 percent in March from 13.11 percent in February, reported 17 months high due to a surge in food prices.
Besides this, the rising covid cases in Delhi, Delhi-NCR, and Maharashtra also dented the domestic market sentiments today. The market participants are now worried that the fourth wave could hit the traders and business owners again who are trying to recover their losses over the past two years.
On a global front, the other Asian market indexes closed mostly in the red even after China’s economy expanded more than expected in the first quarter. The impact of covid lockdown in Shanghai and other important cities has hit retail sales, factories, and employment.
Sensex, Nifty indexes at the close today
At the close, the Nifty index declined 302 points or 1.73 percent and closed at 17173.65 levels while Sensex was down by 1172.19 points or 2.01 percent and finished at 57166.74 levels. The Bank Nifty index ended lower today by 734.40 points or 1.96 percent on spot and ended at 36729 levels.
The broader markets were closed in the red today. The Nifty midcap index declined by 322.75 points or 1.05 percent and closed at 30473.55 levels. The Nifty smallcap index closed lower by 134.30 points or 1.25 percent and finished at 10603.70 levels.
Top Nifty gainers and losers
The top gainers in the Nifty 50 index were NTPC, SBI Life, HDFC life, Coal India, and Tata Steel whereas the top losers were Infosys, HDFC, HDFC Bank, Tech Mahindra, and Apollo Hospital
The top gainers in the Nifty midcap index were JSW Energy, Varun Beverages, and Torrent Power, and the top losers were Tata Elxsi, Mphasis, and Tata Power.
The smallcap top gainers were Bharat Dynamics, Chambal Fert, and Mazagon Dock and the top losers were Alok Industries, Birlasoft, and Just Dial.
The most active stocks in the Nifty index in terms of value were Infy, HDFC Bank, and HDFC The most active stocks in terms of volume were NTPC, Infy, and ITC
On a sectoral front, the Auto, FMCG, and Metals sectors closed higher today. The sectoral indices that closed in the deep red today were IT, Financial Services, Banks, and Media
You may also like to read, Trade setup for Monday 18 April 2022- Stock Market News
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Happy Investing!!
Editorial desk
