Stock Market Updates: Sensex Down 100 pts, Nifty Below 17,800; IndusInd Bank Sheds 3%

Last Update: April 13, 2023, 09:31 AM IST

Stock Market Live: Equity markets started tracking weakness in their global peers on Thursday after FOMC minutes showed officials expect a mild recession in the US later this year due to the banking crisis.

The Sensex closed at 60,298.66, down 94.11 points or 0.16 per cent. smelly It closed at 17,789.50, down 22.90 points or 0.13 per cent. Around 1223 scrips advanced, 673 scrips declined and 88 scrips remained unchanged.

IndusInd Bank, Tech Mahindra, Infosys, HCL Tech and TCS were the major gainers on the Nifty, while gainers were M&M, ONGC, Eicher Motors, Apollo Hospitals and HDFC Life.

Meanwhile, the broader markets outperformed the benchmark. The BSE Midcap and Smallcap indices rose up to 0.23 per cent.

On a sectoral basis, the IT index declined over 1 per cent on weak TCS results. Other indices showed marginal gains.

global signal

Overnight in the US, the Dow and S&P 500 declined 0.11 percent and 0.4 percent, respectively, while the Nasdaq fell 0.85 percent.

Asian indices were trading lower in early trade this morning with the Hang Seng down 2 per cent. The Nikkei, S&P/ASX 200 and Straits Times also fell up to 0.3 per cent.

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