Market update: Indian Indices Dip on Weak Asian Cues

12 Apr 2024 , 01:38 PM

Indian benchmark indices hit the day’s low, influenced by weak cues from Asian markets. The Sensex recorded a decline of 565.50 points or 0.75%, settling at 74,472.65, while the Nifty fell by 163.10 points or 0.72%, closing at 22,590.70.

Market breadth showcased 1319 advancing shares, 1890 declining shares, and 78 unchanged shares.

Despite the downturn in benchmark indices, the broader market demonstrated strength, with the BSE Midcap index rising by 0.37% and the BSE SmallCap index by 0.29%.

On the Nifty 50, over half of the stocks were in negative territory, with prominent losers including Sun Pharma, Titan, Apollo Hospital Enterprises, Shriram Finance, and Maruti Suzuki India. Meanwhile, top gainers comprised Tata Motors, NTPC, Eicher Motors, Bajaj Auto, and Divi’s Lab.

Among the 30 stocks on the BSE Sensex, 12 showed gains, led by Tata Motors, NTPC, Nestle India, IndusInd Bank, and TCS. Conversely, the top drags were Sun Pharma, Titan, Maruti Suzuki India, JSW Steel, and Asian Paints.

Provisional data from the NSE revealed that Foreign Institutional Investors (FIIs) made net purchases worth ₹2,778.17 Crore, while Domestic Institutional Investors (DIIs) bought stocks worth ₹163.36 Crore on April 10.

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