The Nifty50 and the Sensex fell, tracking losses in global equities as Brent crude prices soared due to the tension between the US and Iran.
The Nifty50 was trading 1.22 per cent or 297.30 points down at 23,877.90, and the Sensex was trading 1.41 per cent or 983.19 points down at 76,497.54.
Eternal, InterGlobe Aviation, and Adani Ports & Special Economic Zone were the top losers in the Nifty50 index.
Broader markets fell in line with the benchmark indices. The Nifty MidCap and the Nifty SmallCap were trading 1.21 per cent and 0.80 per cent down, respectively.
Sector-wise, the Nifty Realty and the Nifty Auto were the worst hit. The Nifty Chemical and the Nifty IT fell the least among peers.
The Brent crude prices surged as reports said that the US has rejected Iran’s peace proposal and directed to intensify the blockade at the Strait of Hormuz. The April future contract was quoted at 126.13, up 6.9 per cent.
Q4 results today
ACC, Acutaas Chemicals, Adani Ports and Special Economic Zone, Aster DM Healthcare, Bajaj Finserv, Central Bank of India, Capri Global Capital, Cholamandalam Investment and Finance Company, Edelweiss Financial Services, Equitas Small Finance Bank, Eveready Industries India, Go Fashion (India), Godrej Agrovet, HFCL, Hindustan Unilever, IDBI Bank, Ideaforge Technology, IndiaMART InterMESH, Indus Towers, Kajaria Ceramics, KSB, Dr. Lal PathLabs, Laurus Labs, Mazagon Dock Shipbuilders, National Aluminium Company, Newgen Software Technologies, National Securities Depository, PCBL Chemical, PSP Projects, RailTel Corporation of India, R R Kabel, SIS, Smartworks Coworking Spaces, Sona BLW Precision Forgings, Sundram Fasteners, Usha Martin, and Welspun Specialty Solutions will release their fourth-quarter results on Thursday.
IPO Today
OnEMI Technology Solutions’ initial public offer will open for subscription on Thursday. The company is seeking to raise ₹925.92 crore from the primary market. The IPO will close on May 5.
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