Stock Market Snaps 3-Day Winning Run: Sensex Falls 362 Points; Nifty At 22,005. IT, Banks Drag
Stock update: On the 30-share Sensex platform, PowerGrid, Airtel, Wipro, HDFC Bank, Kotak Bank, UltraCemco were among the losers
The two key equity benchmarks, Sensex and Nifty, on Tuesday snapped their 3-day winning run and closed in the red due to persistent selling in some key index heavyweights. The S&P BSE Sensex, which hit a low of 72,363, finally closed 362 points lower at 72,470. On the other hand, the NSE Nifty 50 declined to a low of 21,948, while finally settling at 22,005, down 92 points.
On the 30-share Sensex platform, PowerGrid, Airtel, Wipro, HDFC Bank, Kotak Bank, UltraCemco were among the losers. On the flip side, Bajaj Finance, L&T, NTPC, Axis Bank, Tata Motors, IndusInd Bank emerged gainers.
#ABPStockMarketWatch | Sensex and Nifty closed lower, snapping 3-day winning run, on Tuesday
— ABP LIVE (@abplive) March 26, 2024
At 04:00 PM, #Sensex lost 362 points to 72,470 & #Nifty lost 92 points to close at 22,005
Here's a look at the stocks in focus:#ABPLive #ClosingBell #MarketWatch pic.twitter.com/U2toQq5JUE
In the broader market, the BSE Midcap finished with a gain of 0.7 per cent, while the SmallCap index closed flat, down 0.1 per cent.
Sectorally, IT index, Bank index closed lower, while oil & gas index advanced.
In the previous session on Monday, the stock markets remained closed on account of Holi.
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