Nifty ends at 22,005, Sensex drops 362 pts
AMN
Domestic Benchmark indices, the Sensex and the Nifty halted a three-day bull run on Tuesday (26th March 2024). The Sensex at the Bombay Stock Exchange settled 0.5 percent lower at 72,470 with a fall of 361 points while Nifty was down too by 92 points or 0.42 percent at 22,004.
Negative trade in both the indices can be attributed to volatility risen ahead of monthly Future & Options expiry.
At close, Bharti Airtel, Power Grid, Eicher Motors, Wipro, and Divi’s led the losses in the Nifty 50, while notable gainers included Bajaj Finance, Hindalco, Adani Ports, Britannia, and NTPC.
“Aligned with global trends, the domestic market sustained its consolidation pattern, ending close to 22,000. While key data such as US GDP and inflation during the week may provide some clues on future rate cut paths, the fiscal year-ending truncated week, coupled with reduced trading volumes and monthly expiry, is likely to contribute to volatility, Vinod Nair, Head of Research, Geojit Financial Services, said.
The high-beta Nifty Bank index, whose 12 constituents include SBI, HDFC Bank, and ICICI Bank, finished the day with a loss of 263.55 points, or 0.56 per cent, at 46,600.2.