7 Apr 2022 , 09:52 AM
At home, selloff in banking, auto, financial, IT, consumer durables and metal stocks pushed benchmarks Sensex and Nifty 50 off the cliff while Pharma stocks outperformed counterparts. Sensex has dipped to as much as below 59,300 and Nifty 50 even erased 17,800-level.
This week markets are expected to run in a volatile session ahead of RBI MPC meeting scheduled for tomorrow. According to the reports, Repo rate may remain unchanged tomorrow but rate lift-off not far as inflation noose tightens.
At around 09:40 AM, Sensex was trading at 59, 296.61 below 313 points or 0.53%. Nifty 50 performed at 17,724.70 lower by 82.95 points or 0.47%.
On Nifty, Cipla, Divis Lab, Dr Reddy's, Sun Pharma and Adani Ports were top gainers on Sensex.
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