Sensex & Nifty fall for the second straight session dragged by IT, Realty stocks

Hi everyone, welcome back to ET Market Watch – your daily podcast where we bring you the latest news from the world of stock market. I am Neha Vashishth from ETMarkets, let’s begin.

Sensex and Nifty closed lower for the second straight session today amid weak global cues and debt ceiling negotiations in the US. Sensex declined 372 pts and settled at 61,560 today while Nifty dropped 105 pts to end at 18,182.

Today’s gainers and losers
Kotak Bank, Asian Paints, TCS, HCL Tech, Infosys, and Tata Steel were the top losers. Whereas, IndusInd Bank, ITC, Bharti Airtel, Maruti, UltraTech Cement, and M&M closed higher.

Shares in news today
The stocks of Amber Enterprises closed 16% higher after the firm reported 82% growth in its consolidated net profit to Rs 108 crore for the 4th quarter ended March 2023.

The shares of PVR Inox ended nearly 5% lower as the firm posted Rs 333 crore net loss in Q4.

Sectorally - Nifty Media declined 2.09% and Nifty Realty fell 1.33%. Nifty IT and Nifty Financial Services also closed lower. In the broader market, Nifty Midcap100 dropped 0.09%, while Smallcap100 gained 0.53%.


Global markets, oil and rupee
Asian shares were subdued today due to US debt ceiling talks and a mixed set of economic data weighing on sentiment. The Shanghai Composite Index eased 0.21% while Hong Kong's Hang Seng Index slid 2.09%, dragged by China data showing a wobbly post-COVID recovery. The Indian Rupee weakened and hit a more-than-six-week low against the US dollar. The rupee hit 82.4425 against the US dollar. Lastly, Oil prices were steady after a rise in US crude inventories stoked demand concerns. Brent crude futures rose 2 cents, or 0.7%, to $74.42 a barrel. West Texas Intermediate US crude was down 5 cents to $70.81. That is all for today, stay tuned to ETMarkets for more.