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Stock Market Live: Sensex, Nifty Decline Amid Volatility; Infosys, TCS, HCL Tech Falls
The broader market indices opened higher; S&P BSE MidCap Index was up by 0.08%, whereas S&P BSE SmallCap Index was higher by 0.39%.
Eight out of the 20 sectors compiled by BSE declined, while 12 sectors advanced in trade.
The market breadth was skewed in the favour of the buyers. About 1,906 stocks rose 1,425 declined, and 127 remained unchanged on the BSE.
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Glenmark, Merck group inked settlement pact to pay $48 million to direct purchasers.
The patent litigation was regarding cholesterol drug Zetia.
The settlement will make clear that company denies all allegations against it and has not conceded or admitted any liability.
The trial for this case is scheduled to begin on April 19, 2023 in the U.S. courts.
Source: Exchange filing
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The broader market indices opened higher; S&P BSE MidCap Index was up by 0.16%, whereas S&P BSE SmallCap Index was higher by 0.43%.
Six out of the 19 sectors compiled by BSE declined while 13 sectors advanced in trade.
The market breadth was skewed in the favour of the buyers. About 1,554 stocks rose 656 declined, and 102 remained unchanged on the BSE.
Source: BSE
At pre-open, the S&P BSE Sensex Index was up 19 points or 0.03% at 59,745.89 while the NSE Nifty 50 Index was lower by 7 points or 0.04% at 17,653.35.
Source: Bloomberg
The yield on the 10-year bond opened flat at 7.20% on Wednesday.
Source: Bloomberg
The local currency depreciated about 6 paise to open at 82.10 against the greenback on Wednesday.
The rupee closed at 82.04 on Tuesday.
Source: Bloomberg
Ministry of Finance raised the windfall tax on crude production to Rs 6,400 per tonne from nil.
It reduced the windfall gain tax on diesel export to nil from Rs 0.50 per litre.
The notification will come into effect on April 19, 2023.
Source: Ministry of Finance
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