Sensex drops 362 points, Nifty 92 points
BBN Bureau
Mumbai: Ending a three-day winning streak, the stock markets closed in the red on March 26 (Tuesday). The volatile session saw the Sensex shedding 361.64 points or 0.5% to close at 72,470.30 points, while the Nifty dropped 92.10 points or 0.42% to 22,004.70 points, primarily due to selling pressures in the Information Technology, Banking, and Media sectors.
Although the market began on a weak note, it saw intraday gains with buying outnumbering selling in Oil & Gas, Metal, Capital Goods, and Realty stocks. However, towards the end of the day, the trend reversed due to heavy selling in major media, IT, and banking segments.
Top gainers on the Nifty included Bajaj Finance, Hindalco Industries, Britannia Industries, Adani Ports, and L&T, while losers comprised Power Grid Corporation, Eicher Motors, Bharti Airtel, Kotak Mahindra Bank, and Wipro.
Among Sensex shares, losers included Power Grid, Bharti Airtel, Wipro, HDFC Bank, Kotak Mahindra Bank, Ultratech Cement, Asian Paints, Infosys, and Reliance Industries. Major gainers were Bajaj Finance, NTPC, Larsen & Toubro, Axis Bank, Tata Motors, IndusInd Bank, and Bajaj Finserv.
On the sectoral front, Bank and Information Technology indices were down 0.5% each, while Capital Goods, Realty, Oil & Gas, and Metal indices gained 0.5-1%. The broader indices outperformed the main indices, with the BSE Midcap index rising 0.7% and the Smallcap index closing flat.
Among individual stocks, a volume spike of more than 1100% was seen in Piramal Enterprises, Balrampur Chini, and Indus Towers. Additionally, a long build-up was observed in Dr Lal PathLabs and Hindustan Copper.
