Stock market live updates: Tracking weak global sentiment, the benchmark indices started the new week with deep cuts. After the early morning losses, the the two indices partially recouped some of the lost ground led by fresh buying in private banks. The BSE Sensex was down 250 points to 56,800-odd levels, while the NSE Nifty continued to test the 17,000-mark.
Among the Sensex 30 shares, IndusInd Bank soared 3.5 per cent on strong Q4 results. The lender reported a 51 per cent jump in net profit, aided by lower provisions and higher net interest income. Its net profit for the quarter totalled to Rs 1,401 crore compared to Rs 926 crore in the year ago period.
NTPC, ITC and HDFC were the other prominent gainers. On the other hand, Wipro shed nearly 3 per cent. Titan, SBI, Infosys, Tech Mahindra, Larsen & Toubro, Kotak Bank, Asian Paints, HCL Technologies and Bajaj Finance were the other significant losers.
The broader indices held deeper cuts. The BSE Midcap and Smallcap indices were down 0.7 per cent and 0.9 per cent, respectively.
Sectorally, the BSE Consumer Durables index declined over 2 per cent. The Capital Goods, IT and Telecom indices were down around 1.5 per cent each.
Among other stocks, Just Dial, declined 3 per cent. The company’s Q4 consolidated net profit declined 34.3 per cent to Rs 22.05 crore for the quarter ended March 2022 vs Rs 33.57 crore in the year ago quarter.
