Sensex plunges 1,172 points as Infosys, HDFC twins play spoilsport
The Hindu
Mumbai Equity benchmarks went into a tailspin on April 18, with the Sensex tumbling 1,172.19 points,
Equity benchmarks went into a tailspin on April 18, with the Sensex tumbling 1,172.19 points, dragged down by heavyweights Infosys and HDFC twins amid a weak trend in Asian markets.
The 30-share BSE Sensex tanked 1,172.19 points or 2.01% to settle at 57,166.74. During the day, it plummeted 1,496.54 points or 2.56% to 56,842.39.
The broader NSE Nifty plunged 302 points or 1.73% to finish at 17,173.65.
Infosys, HDFC, HDFC Bank, Tech Mahindra, Wipro and TCS were the major laggards in the Sensex pack.
In contrast, NTPC, Tata Steel, Maruti, Titan, Nestle, Titan and M&M were among the gainers.
Infosys plummeted 7.16% after its Q4 results failed to enthuse investors.
HDFC Bank declined 4.53% to ₹1,398.50 even as the largest domestic private sector lender on Saturday posted a 22.8% jump in its standalone net profit at ₹10,055.2 crore for the quarter ended March 2022.
RBI plans ₹1 lakh crore OMO in December to boost liquidity amid upcoming tax payments, ensuring stability in the banking system.
IndiGo faces ongoing flight delays and cancellations due to technology issues, weather, and new crew rostering rules.
Stock markets experience volatility as investors await RBI's monetary policy amid foreign fund outflows and mixed global trends.
ED attaches assets worth ₹1,120 crore in Anil Ambani's Reliance Group case, totaling ₹10,000 crore amid money laundering probe.
Rupee rises 20 paise to 89.69 against the dollar as investors await RBI's monetary policy decision amidst market pressures.
Just nine Fugitive Economic Offenders (FEOs) owed Indian banks over ₹58,000 crore in principal and interest. To date, banks have recovered just over ₹19,000 crore — roughly 33% of the total dues.
Commerce Minister Piyush Goyal urges Indian businesses to seize opportunities in Russia's market, addressing talent shortages and trade demands.
Premiumisation is driving the growth in beauty and personal care industry in India and this segment is growing faster than the products made for the masses, industry executives said at Cosmoprof India 2025, a beauty & personal care industry event currently underway in Mumbai.
Scaling Artificial Intelligence(AI) at the speed at which consultants project is not possible by the laws of physics and may not be environmentally sustainable, said Tanvir Khan, who is the Executive Vice President and Chief Operating Officer of NTT DATA North America, part of the Japanese technology services and data centre company NTT Data, in an interview with The Hindu.
The Rupee appreciated by 19 paise to close at 89.96 against the U.S. dollar amid weak dollar index support.
India aims to expand its tea exports to China, highlighting diverse varieties like Darjeeling and Masala at a recent buyer-seller meet.
Stock markets rebound after four days of decline as Sensex rises 158 points, driven by tech and IT shares.
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