Sensex on Thursday sheds around 1.29 percent and ends the day at 58,788.02, down around 770.31 points. Nifty on the other hand ends below 17,600 points. Volatility in the market was visible over the Ukraine crisis and a fall in US stocks futures which was seen after Facebook parent company Meta shares were down around 20 percent. Indices lost 1.5 percent led by IT and Real Estate with most of the sectoral indices ending in red except Auto.
World’s largest two-wheeler manufacturer Hero Moto Corp Ltd was the stock in focus as it gained around 2.81 percent and ended the day at 2779 points. Bajaj Auto gained around 2.21 percent and ended the day at 3,610.85.
Nifty 50 Losers:
|No.||Company Name||Loss (In %)|
|3||SBI Life Insurance||2.86|
Analysts are of the view that markets extended losses because of selling which continued after global market signs were seen to be bearish. European Markets are worried about the monetary policy tightening announcement by the central bank.
|No.||Company Name||Gain (In %)|
|2||Mas Financial Service||19.99|
Defense company Data patterns gained around 2 percent and ended the day at 735.10 points as the defense sector is in focus after the budget as the Union Government is focussing on Make In India. The defense company’s focus is on the Local Market but is eyeing 30 percent export in the next 5 years.