Sensex, Nifty Fall Most In Two Weeks Amid Rising U.S.-China Trade Tensions
SGX Nifty, an early indicator of NSE Nifty’s performance in India rose 0.37% or 38 points to 10,314 as of 6:38 a.m.
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Closing Bell
Indian equity benchmarks fell most since March 23 dragged by banking and metal shares after China imposed reciprocal tariffs on the U.S. imports.
The S&P BSE Sensex fell 1.05 percent or 351.56 points to 33,019.07 and the NSE Nifty 50 index tumbled 1.14 percent or 116.60 points to 10,128.40.
All but one of the 11 sector gauges compiled by the National Stock Exchange ended lower led by the Nifty Metal index’s 2.6 percent drop. On the flipside, the Nifty Auto index was the lone gainer, up 0.4 percent.
Losses were broad-based as the S&P BSE MidCap fell 0.9 percent and the S&P BSE SmallCap index declined 1 percent.
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Nifty Bank Extends Decline, Drops Over 400 Points
Banking shares extended losses dragged down by weakness in Bank of Baroda, Kotak Mahindra Bank and Yes Bank. Gauge of banking shares on the National Stock Exchange — Nifty Bank index slumped 1.5 percent to 24,147.
Fab Four Stocks Of The Day
- Tata Motors: The Mumbai-based auto maker rose as much as 6 percent, the most in six months, to Rs 363.70 on the back of strong JLR volume growth and new launches.
- Zensar Technologies: The Pune-based IT firm rose as much as 9.13 percent, the most in five months, to Rs 986.80 after it won a four-year multi-million-dollar contract from the City of San Diego for network services, Zensar said in an exchange filing.
- Akzo Nobel: The Gurgaon-based paint maker rose as much as 10 percent, the most since March 23, to Rs 1,979, its highest level in nearly three months after it informed exchanges that its board will meet on April 6 to discuss proposal to buy back its own shares.
- GNA Axles: The Hoshiarpur-based rose as much as 10.47 percent to record high of Rs 504.40 after North America Class 8 Truck orders jumped 103 percent to 46,300 units in March compared with 22,765 units during the same month last year.
