Sensex plunges 1,172 points as Infosys, HDFC twins play spoilsport
The Hindu
Mumbai Equity benchmarks went into a tailspin on April 18, with the Sensex tumbling 1,172.19 points,
Equity benchmarks went into a tailspin on April 18, with the Sensex tumbling 1,172.19 points, dragged down by heavyweights Infosys and HDFC twins amid a weak trend in Asian markets.
The 30-share BSE Sensex tanked 1,172.19 points or 2.01% to settle at 57,166.74. During the day, it plummeted 1,496.54 points or 2.56% to 56,842.39.
The broader NSE Nifty plunged 302 points or 1.73% to finish at 17,173.65.
Infosys, HDFC, HDFC Bank, Tech Mahindra, Wipro and TCS were the major laggards in the Sensex pack.
In contrast, NTPC, Tata Steel, Maruti, Titan, Nestle, Titan and M&M were among the gainers.
Infosys plummeted 7.16% after its Q4 results failed to enthuse investors.
HDFC Bank declined 4.53% to ₹1,398.50 even as the largest domestic private sector lender on Saturday posted a 22.8% jump in its standalone net profit at ₹10,055.2 crore for the quarter ended March 2022.
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