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Stock Market Highlights: Sensex ends choppy session 110 pts lower and Nifty slips below 16,250 dragged by SBI, L&T, PowerGrid

Stock Market Highlights: Sensex ends choppy session 110 pts lower and Nifty slips below 16,250 dragged by SBI, L&T, PowerGrid

Summary

Stock Market Highlights: Indian equity benchmarks BSE Sensex and NSE Nifty50 finished a choppy session lower on Wednesday, as investors globally weighed optimism on easing restrictions in China with aggressive rate hikes. Gains in FMCG, pharma and select oil & gas shares were offset by losses in IT and financial counters. Broader markets failed to stay positive, with the Nifty Midcap 100 and Nifty Smallcap 100 indices falling less than half a percent each. Investors awaited the last leg of corporate earnings for cues.

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May 18, 2022 5:36 PM
May 18, 2022 4:53 PM
May 18, 2022 4:29 PM

Rupee ends at 77.58 vs US dollar

May 18, 2022 4:02 PM

Closing Bell | Sensex down 110 pts, Nifty at 16,240

The Sensex finished the day down 109.9 points or 0.2 percent at 54,208.5 and the Nifty50 settles at 16,240.3, down 19 points or 0.1 percent from its previous close.  

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Power Minister RK Singh asks four states to import coal to meet future demands

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--Buy Hindustan Unilever for a target of Rs 2,375 with a stop loss at Rs 2,250 

--Buy Petronet LNG for a target of Rs 230 with a stop loss at Rs 218 

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