
Sensex tumbles over 430 points; Nifty slips below 18,000
The Hindu
HDFC Bank was the top loser in the Sensex pack
Equity benchmark Sensex dropped over 430 points on Tuesday as investors booked profits in banking and financial stocks after sharp gains in the previous session.
Investor focus returned to the Russia-Ukraine war and rising oil prices, traders said.
The 30-share BSE gauge ended 435.24 points or 0.72% lower at 60,176.50. Similarly, the NSE Nifty shed 96 points or 0.53% to close at 17,957.40.
HDFC Bank was the top loser in the Sensex pack, followed by Bajaj Finserv, HDFC, Kotak Bank, IndusInd Bank, Bajaj Finance and Reliance Industries.
On the other hand, NTPC, PowerGrid, ITC, Titan, TCS and Nestle India were among the gainers, surging up to 3.40%.
Of the Sensex constituents, 17 shares closed lower while 13 were in the green.

Mobile phones are increasingly migrating to smaller chips that are more energy efficient and powerful supported by specialised Neural Processing Units (NPUs) to accelerate AI workloads directly on devices, said Anku Jain, India Managing Director for MediaTek, a Taiwanese fabless semiconductor firm that claims a 47% market share India’s smartphone chipset market.

In one more instance of a wholly owned subsidiary of a Chinese multinational company in India getting ‘Indianised’, Bharti Enterprises, a diversified business conglomerate with interests in telecom, real estate, financial services and food processing among others, and the local arm of private equity major Warburg Pincus have announced to collectively own a 49% stake in Haier India, a subsidiary of the Haier Group which is headquartered in Qingdao, Shandong, China.











