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Stock market live updates:
The key benchmark indices started Wednesday’s session with cuts tracking weak global cues after a US Fed official on Tuesday indicated that the central bank will take a more aggressive approach in liquidity tightening.
The BSE Sensex fell 450 points to 59,796, and the NSE Nifty was around 17,840 levels, down by 114 points.
Tata Steel, Bharti Airtel, Sun Pharma, and Ultratech Cement were the only Sensex winners. Coal India, BPCL, UPL, JSW Steel and Apollo Hospitals were the top Nifty gainers.
On the other hand, HDFC twins, Kotak Bank, ICICI Bank, Axis Bank, M&M, Tech M, Bajaj Auto and Tata Consumer were the top laggards, down up to 1.4 per cent.
The broader markets also opened in line with the benchmarks with the BSE MidCap and SmallCap indices sliding up to 0.17 per cent.
Sectorally, Nifty Private Bank, and Financials were the top losers. Nifty FMCG and Realty were other notable losers. On the flip side, Nifty Metals, Media, PSBs and Energy indices were firmly higher.
Among stocks, Bandhan Bank was up over 1 per cent. The lender’s loans and advances stood at Rs 1.01 lakh crore as of 31 March, 2022, up 16 per cent year-on-year and 15 per cent quarter-on-quarter.