Sensex Sheds 534 Pts. From Day's High On Weak Global Cues; Tech Mahindra Top Gainer

In trade today on weak global cues after the US Fed in its Fed minutes suggested to trim down the doled out US stimulus and Japan takes on to declare coronavirus state of emergency amid rising coronavirus infections, Sensex tumbled as much as 534 points from day's high and settled at 52569, while Nifty at the close dropped below 15,800 to 15,728. Broader markets however performed slightly better with loss to the extent of over 0.7 percent.

Sensex Sheds 534 Pts. From Day's High On Weak Global Cues; Tech Mahindra Top Gainer

Among Nifty sectoral indices, while all the indices trade in the red, metal pack saw the most weakness of over 2.3%, followed by PSU Bank, Private bank etc.

Several of the food processing stocks in trade today hit a life time high including Tasty Bite which breached Rs. 20000 price level for the first time.

Other heavyweights that dragged the Sensex in trade today include scrips like RIL, HDFC Bank, ICICI Bank

Shyam Metalics, the recently listed scrip, posted its Q1FY22 earnings today with consolidated net profit at Rs. 388 crore versus Rs. 80 crore YoY. Consolidated revenue at the company came in at Rs. 2351 crore.

TCS shares in trade today in line with the overall weakish momentum traded lower ahead of its Q1FY22 results scheduled to be released later today.

Gold prices in trade today have fallen for the first time in six days on surge in the US dollar index.

Meanwhile, European markets are also trading lower with French CAC down close to 2 percent at the time of writing this copy.