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Stock Market Highlights: Sensex snaps 3-day winning streak, down over 400 points; Reliance, Kotak Bank, Infosys biggest drags

Stock Market Highlights: Sensex snaps 3-day winning streak, down over 400 points; Reliance, Kotak Bank, Infosys biggest drags

Stock Market Highlights: Sensex snaps 3-day winning streak, down over 400 points; Reliance, Kotak Bank, Infosys biggest drags
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Summary

Stock Market LIVE Updates: Indian equity benchmarks BSE Sensex and NSE Nifty50 started Tuesday's session in the red, retreating from nearly one-month highs, as Dalal Street tracked a lacklustre trend across Asia following a holiday on Wall Street. Financial and IT shares were the biggest drags on the headline indices, though gains in auto shares lent some support. Broader markets, however, managed to cross the flatline, with the Nifty Midcap 100 and Nifty Smallcap 100 indices edging up 0.2 percent each in early deals. Globally, investors however remained optimistic on bets of a possible slowdown in US monetary tightening and easing of the pandemic-related restrictions in China. All eyes are now on India's official GDP data for the January-March period due later in the day.

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May 31, 2022 4:29 PM

Market at close | Stocks that gained on the indices today

Piramal enterprises gains another 6% today, up 15% in the last 2 sessions while Info edge hits 10% upper circuit following healthy Q4 earnings.

Stock Market Highlights: Sensex snaps 3-day winning streak, down over 400 points; Reliance, Kotak Bank, Infosys biggest drags
May 31, 2022 4:19 PM

Losers in the market today

Reliance, Kotak Bank, Infosys & HDFC Bank drag the market while Nestle erases entire 1st half gains to close 3% off highs. Aarti Industries, Metropolis, Godrej Cons, Glenmark, AB Cap were the top Midcap losers.

Stock Market Highlights: Sensex snaps 3-day winning streak, down over 400 points; Reliance, Kotak Bank, Infosys biggest drags
May 31, 2022 4:09 PM

Rupee ends at 77.64/$ against Monday’s close of 77.54/$

Stock Market Highlights: Sensex snaps 3-day winning streak, down over 400 points; Reliance, Kotak Bank, Infosys biggest drags
May 31, 2022 3:48 PM

Closing Bell: Sensex snaps 3-day winning streak, down over 400 points

Indian equity benchmarks BSE Sensex and NSE Nifty50 snapped a three-day winning streak to end lower on Tuesday. Sensex closed 359 points lower at 55,566 while the broader Nifty shut shop at 16,585, 77 points lower.

May 31, 2022 3:36 PM

 Midcap Index falls sharply, enters the red territory

Stock Market Highlights: Sensex snaps 3-day winning streak, down over 400 points; Reliance, Kotak Bank, Infosys biggest drags
May 31, 2022 3:26 PM

Nifty Bank witness sharp decline

May 31, 2022 3:20 PM

Midcap index sinks into red

May 31, 2022 3:14 PM

Defence Ministry signs contract of Rs 2,971 cr with Bharat Dynamics

Stock Market Highlights: Sensex snaps 3-day winning streak, down over 400 points; Reliance, Kotak Bank, Infosys biggest drags
May 31, 2022 3:05 PM

LIC shares drop 3% as fewer policyholders pay renewal premium
Shares of Life Insurance Corporation of India (LIC) slipped over 3 percent on Tuesday after the insurer announced its earnings for the March quarter with the persistency ratios witnessing a dramatic fall compared to last year. (Read more)

Stock Market Highlights: Sensex snaps 3-day winning streak, down over 400 points; Reliance, Kotak Bank, Infosys biggest drags
May 31, 2022 2:57 PM

Get ready to pay more for home loan, motor car insurance, flying from June 1
Come June 1, a slew of financial measures will kick in that are likely to impact the common man. From higher home loan rates to increased motor third-party liability insurance premium, customers will have to pay more for a number of products from next month. (Read more)

May 31, 2022 2:44 PM

Organised pharmacy penetration only 3% in India: Gangadi Madhukar Reddy
Gangadi Madhukar Reddy, MD & CEO, MedPlus Health Services says, “Walgreens and Rite Aid (drugstore chain in US) have more than 6,000-7,000 stores out there. I see no reason why a country which is almost 3-times bigger and with stores, which is at least almost 20 percent of their size, why we should not basically be looking at a 10,000 or 20,000 store chain. If you look at it, while 4,000 does seem a little a lot, I see no reason why we should not be actually growing much faster to take the market out there. Today, organized retail has less than 3-4 percent.”

May 31, 2022 2:35 PM

Buy Star Health with a target of Rs 250-260, Mahindra and Mahindra (M&M) with a target of Rs 1,250: Shrikant Chouhan
Shrikant Chouhan of Kotak Securities shares three trading calls
-Buy Aegis Logistics with a stop loss of Rs 205 and a target of Rs 250-260
-Buy Star Health with a stop loss of Rs 660 and a target of Rs 750-760
-Buy Mahindra and Mahindra (M&M) with a target of Rs 1,250

May 31, 2022 2:22 PM

Radico Khaitan faces investors wrath as profits fall sharply on higher input costs
Radico Khaitan shares fell more than 5 percent on Tuesday, a day after the liquor maker announced its results for the January-March 2022 quarter. (Read more)

May 31, 2022 2:08 PM

Can't immediately comment on crop losses due to weather conditions: Agriculture Minister Narendra Singh Tomar 

May 31, 2022 1:56 PM

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