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Stock Market Highlights | Sensex, Nifty 50 fail to hold intra-day gains led HDFC Bank, ICICI Bank
KV Prasad Jun 13, 2022, 06:35 AM IST (Published)
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Summary
Stock Market LIVE Updates | Sensex, Nifty 50 closed today with minimal changes after a volatile session, erasing early gains as banking heavyweights struggled to maintain momentum. HDFC Bank and ICICI Bank continued to exert downward pressure on the market, contributing to the overall subdued sentiment.
Stock Market LIVE Updates | Sensex, Nifty 50 closed today with minimal changes after a volatile session, erasing early gains as banking heavyweights struggled to maintain momentum. HDFC Bank and ICICI Bank continued to exert downward pressure on the market, contributing to the overall subdued sentiment.
BSE-listed companies witnessed a turnaround after three consecutive sessions of decline, adding approximately ₹2 lakh crore to their market capitalisation. The Midcap Index rose by 362 points to 50,036, showcasing the resilience of mid-sized companies.
Sensex fell marginally by 45 points to 73,465, while Nifty remained unchanged at 22,303. Nifty Bank, however, saw a decline of 264 points to 48,021, indicating weakness in the banking sector.
Stocks reacted sharply to earnings reports, with Dr Reddy’s Laboratories (DRL) and Voltas slipping, while Hero MotoCorp and Bharat Forge witnessed gains. L&T closed with gains, while Asian Paints slipped ahead of its earnings announcement.
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