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Tata Motors was the top loser on the NSE, crashed more than 5 per cent to end at Rs 315
The domestic markets lost more than half a per cent in late-afternoon trading to end near intra-day lows due to profit-booking post the rally in the past two sessions. The BSE Sensex ended the day at 49,902, lower by 290.55 points or 0.58 per cent and the NSE Nifty settled at 15,030.10, down 77.90 points or 0.52 per cent. The broader markets, however, outperformed their largecap peers, with the BSE Midcap index and BSE Smallcap index gaining around half a per cent each.
The benchmark indices were range-bound through the day, albeit amid bouts of choppiness, before a wave of selling pressure towards the fag end of trade dragged the BSE down by nearly 450 points from the day’s high to hit a low of 49,831, before settling at 49,902. The BSE index had gained around 3 per cent in the past two trading sessions alone.
Meanwhile, the rupee erased intra-day gains and trading near the day’s low at 73.14 per dollar, amid weak trade seen in the domestic equity market. It opened flat at 73.02 per dollar against previous close of 73.04.
On the stock-specific front, Tata Motors was in focus after its consolidated loss narrowed to Rs 7,605 crore in the fourth quarter ended March 2021 from Rs 9,894.25 crore in the corresponding quarter last year. Tata Motors was the top loser among NSE stocks, shaving off more than 5 per cent to end at Rs 314. HDFC, M&M and JSW Steel were the other significant losers on the NSE.
On the other hand, Coal India, Cipla, UPL and Nestle gained around 1-3 per cent each on the BSE.
The BSE market breadth was positive. Out of 3,227 stocks traded on the BSE, there were 1,769 advancing stocks as against 1,282 declines.
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