Indian Benchmark Indices Decline; Sensex Drops 200 Points, Nifty at 22,400

2 Apr 2024 , 01:41 PM

Indian benchmark indices witnessed a decline on Tuesday, influenced by weak cues from global markets and slightly lower-than-anticipated Manufacturing PMI for March.

Sensex dropped by 200 points, settling at 73,833.89, while Nifty stood at 22,423.20. Among the shares, 2464 advanced, 870 declined, and 86 remained unchanged.

At 1 pm, Sensex was down 180.66 points (0.24%), and Nifty was down 38.80 points (0.17%). IT, Financial Services, Healthcare, and Pharma sectors experienced declines of 0.60%, 0.16%, 0.17%, and 0.04%, respectively.

Conversely, the Consumer Durables index surged by 1.79%, followed by the Realty and Media indices, which rose by 1.52% and 1.02%.

Top gainers on the Nifty 50 included Bajaj Auto, BPCL, Adani Ports & SEZ, IndusInd Bank, and Divi’s Lab, while Hero MotoCorp, ICICI Bank, Larsen & Toubro, Kotak Mahindra Bank, and SBI Life were the top drags.

At noon, 11 of the 30 stocks in the Sensex were in the green, led by IndusInd Bank, Tata Motors, Mahindra & Mahindra, HDFC Bank, and Nestle India, while ICICI Bank, Larsen & Toubro, Kotak Mahindra Bank, Axis Bank, and Wipro were the top decliners.

Foreign institutional investors (FIIs) net sold shares worth ₹522.30 Crore, while domestic institutional investors (DIIs) purchased stocks worth ₹1,208.42 Crore on April 1, as per provisional data from the NSE.

For feedback and suggestions, write to us at [e-mail]