-Indian markets ended down today. The markets were dragged down by high-weightage financials and IT stocks due to consolidation ahead of the end of the financial year.
-Sensex declined 361 points while Nifty dropped 92 points today. Sensex closed at 72,470 while Nifty ended at 22,004.
Top gainers vs losers
From the Sensex pack, Power Grid, Bharti Airtel, Wipro, HDFC Bank, and Kotak were the top laggards, falling 1-2%. On the other hand, Bajaj Finance, NTPC, L&T, and Axis Bank closed with gains.
Sectors
Major sectors concluded the session with losses, with Financials, Banks, FMCG, IT, and Media sectors witnessing declines ranging from 0.2% to 1.6%. Nifty Small- and Mid-Caps closed 0.4% and 1% higher, respectively.
RVNL shares closed over 4% higher after the company signed an MoU with the Airports Authority of India (AAI) for the construction of a subway/underpass to connect the operational area to the AAI’s residential colony in Kolkata.
Global Markets, crude oil and rupee
Global shares struggled on Tuesday due to mixed messages from U.S. policymakers and a wobble in the Chinese yuan. U.S. inflation data is also due Friday. Europe got a weak start, China Hong Kong remained weaker
Oil was little changed as investors took a more mixed view toward the loss of Russian refinery capacity after recent Ukrainian attacks, though a slightly weaker U.S. dollar offered some support.
Brent crude futures for May — $85.98 a barrel, while U.S. (WTI) crude futures —– $81.88 a barrel. The rupee ended stronger due to uptick in Asian peers. The rupee closed at 83.28 against the U.S. dollar
