Sensex dips fourth straight day, closes 276 points down

ANI
11 May 2022, 22:55 GMT+10

Mumbai (Maharashtra) [India], May 11 (ANI): The Indian stock markets' key indices, Sensex and Nifty, closed in the red for the fourth straight session on Wednesday dragged by selling pressure in IT, FMCG and infra stocks.

The 30 stock SP BSE Sensex closed 276.46 points or 0.51 per cent down at 54,088.39 points against its previous day's close at 54,364.85 points.

This is the fourth straight day of slump in the benchmark index. The Sensex had lost 105.82 points or 0.19 per cent on Tuesday.

The broader Nifty 50 of the National Stock Exchange closed 72.95 points or 0.45 per cent down at 16,167.10 points against its previous day's close at 16,240.05 points.

There was heavy selling pressure in IT, FMCG, infra and power stocks.

LT slumped 2.34 per cent to Rs 1571.45. Bajaj Finserv dipped 2.26 per cent to Rs 13318.70. Bajaj Finance fell 2.08 per cent to Rs 5806.45.

Power stocks fell sharply. Power Grid Corporation dipped 1.99 per cent to Rs 239.05. NTPC fell 1.71 per cent to Rs 152.65.

The index heavyweight Reliance Industries closed 0.95 per cent down at Rs 2449.75. The scrip had lost 1.74 per cent on Tuesday.

Other major Sensex losers included Infosys, Maruti Suzuki, ITC, Tech Mahindra, Wipro and HCL Technologies.

Only 10 of the 30 scrips that are part of the Sensex closed in the positive. Axis Bank rose 1.92 per cent to Rs 672.45. IndusInd Bank jumped 1.37 per cent to Rs 923.20. HDFC, Kotak Bank, HDFC Bank, Bharti Airtel and ICICI Bank were among the major Sensex gainers. (ANI)

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Entertainment Sun.

More Information

31 ℃

Mostly Cloudy in Seletar

International

Section

Amtrak nearly at pre-COVID-19 ridership levels, says official

WASHINGTON D.C.: Amtrak CEO Stephen Gardner said this week that despite projected losses of $800 million for the current budget ...

US to pay $570 million to eliminate dangerous rail sites

WASHINGTON D.C.: The Biden administration has announced that it is providing grants worth $570 million to eliminate many dangerous railroad ...

No confirmation, as reports say King Charles going to France in fall

PARIS, France: According to a report by BFM TV, Britain's King Charles is considering a visit to France in September, ...

US to get tough as drone disrupts Pittsburgh airport

WASHINGTON D.C.: The Federal Aviation Administration has said that a drone sighting disrupted some flights at Pittsburgh International Airport this ...

New Oregon gun law being challenged in court case

PORTLAND, Oregon: A federal trial has begun in Portland, Oregon examining the constitutionality of a stringent gun control law approved ...

After removing Columbus statue, Philadelphia sued for return

PHILADELPHIA, Pennsylvania: Philadelphia Mayor Jim Kenney and members of the city's historical commission have been sued by a group which ...

Movies

Section