Market ends lower for third day; Sensex drops 237 pts; Nifty ends below 17,500

13 Apr 2022 , 04:20 PM

Domestic equities ended in red for the third straight day ahead of the long weekend. The Nifty 50 ended below the 17,500 mark with a weekly loss of 1.74 per cent. The Russia-Ukraine war and supply disruptions due to rising COVID infections in China, continue to be on investors’ radar while they prepare for the quarterly earnings season.

Nifty Midcap fell 0.1% while Nifty SmallCap was up 0.2%.

The sectoral indices ended mixed with Nifty FMCG and Nifty Metal gaining the most at 0.7% and 0.6% respectively, while Nifty Private Bank, Nifty Financial Service and Nifty Auto were the major laggards which dipped 0.87%, 0.84% and 0.8% respectively.

The 30-share BSE Sensex tanked 237 points or 0.41 per cent to close at 58,339, while the broader Nifty moved 55 points or 0.31 per cent lower to settle at 17,476.

The stock markets will remain closed on Thursday and Friday on account of Mahavir Jayanti/Dr. Baba Saheb Ambedkar Jayanti and Good Friday, respectively. It will reopen on April 18 after a four-day break.

Maruti was the top Nifty loser as followed by HDFC twins, Dr Reddy’s and Tata Motors.

On the 30-share BSE index, HDFC twins, Maruti, Dr Reddy’s, Asian Paints, Bajaj Finserv, PowerGrid and Kotak Mahindra Bank were among the top losers.

Whereas, ITC, Sun Pharma, Hindustan Unilever, SBI, NTPC, L&T, M&M, Bajaj Finance and Infosys settled in the green.