Stock market live updates: Tracking global weakness, the domestic benchmark indices were trading with cuts on Wednesday. The BSE Sensex was down 400 points around the 57,000-mark, while the NSE Nifty shed 121 points to 17,070 level.
Among the Sensex-30 shares, Bajaj Finance cracked 5 per cent despite registering strong growth in net profit by 80 per cent year on year (YoY) at Rs 2,420 crore for the fourth quarter that ended in March 2022 (Q4FY22). READ MORE
Bajaj Finserv, ICICI Bank, Wipro, SBI, Tech Mahindra and Dr.Reddy’s were the top laggards among the Sensex 30 shares, slipping up to 3.5 per cent.
On the other side, Reliance Industries was up a per cent, the company today became the first Indian firm to cross the Rs 19 trillion mark. READ MORE
In the broader markets, the BSE MidCap and SmallCap indices were also down over a per cent each. Out of 3,337 stocks traded so far, 2,306 declined and 923 advanced on the BSE.
Sectorally, the BSE FMCG, Healthcare, Finance, Bankex, IT, Telecom, Auto, Capital Goods, Metal, Oil & Gas, Power and Realty were down in the range of 1 – 1.5 per cent each.
Among other stocks, Mahindra Logistics surged over 10 per cent a day after the company posted a 2.8 per cent decline in Q4FY22 net profit at Rs 12.23 crore when compared with Rs 12.58 crore in Q4FY21. Total income, however, grew by 10.2 per cent to Rs 1,078.37 crore from Rs 978.56 crore.
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