MARKET LIVE: Sensex off lows, down 500pts; Financials drag, US futures rise

Stock market live updates: The markets came off day's lows in late noon trades as US futures gained ground. The BSE Sensex was down 500 points around the 56,855-odd levels; while the NSE Nifty hovered around 17,050.
 

Among the Sensex-30 shares, Bajaj Finance cracked 5 per cent despite registering strong growth in net profit by 80 per cent year on year (YoY) at Rs 2,420 crore for the fourth quarter that ended in March 2022 (Q4FY22). READ MORE

Bajaj Finserv, ICICI Bank, Wipro, SBI, Tech Mahindra and Dr.Reddy's were the top laggards among the Sensex 30 shares, slipping up to 3.5 per cent. 

On the other side, Reliance Industries was up a per cent, the company today became the first Indian firm to cross the Rs 19 trillion mark. READ MORE

In the broader markets, the BSE MidCap and SmallCap indices were also down over a per cent each. Out of 3,337 stocks traded so far, 2,306 declined and 923 advanced on the BSE.

Sectorally, the BSE FMCG, Healthcare, Finance, Bankex, IT, Telecom, Auto, Capital Goods, Metal, Oil & Gas, Power and Realty were down in the range of 1 - 1.5 per cent each.

Among other stocks, Mahindra Logistics surged over 10 per cent a day after the company posted a 2.8 per cent decline in Q4FY22 net profit at Rs 12.23 crore when compared with Rs 12.58 crore in Q4FY21. Total income, however, grew by 10.2 per cent to Rs 1,078.37 crore from Rs 978.56 crore.