Weekly Report: Indian Markets fallen close to 2%, Auto stocks are gain, while IT, media stocks are down.

The Indian equity benchmark indices are down nearly 2 percent in a highly volatile week ended April 22. The mixed earnings by corporates, rising bond yields, Russia-Ukraine crisis, high inflation and expectation of aggressive rate hike by the U.S. Fed in May dampened the investor’s view.

For the week, Nifty50 fallen 303.65 points (1.73%) to end at 17,172 levels, while BSE Sensex fallen 1,141.78 points (1.95%) to end at 57,197.15 levels. Among the sectors, Nifty IT lost 5.6 % and Nifty Media index fell 4 %. The Nifty PSU Bank and Nifty Bank indices fallen nearly 4 % each. In spite of that, Nifty Auto index gained 3 %, Nifty Energy and Oil & Gas indices gained 2.4 % each.

Large-cap Index:

Top Gainers:  Coal India, Reliance Industries, M&M, Maruti Suzuki, Eicher Motors, IOC.

Top Losers:  L&T Infotech, Infosys, HDFC Bank, Tech Mahindra and HDFC.

Mid-cap Index:

Top Gainers: Adani Power, NHPC, L&T Finance, Biocon, JSW Energy.

Top Losers: Tata Power, Glenmark Pharma, ICICI Securities, RBL Bank, MphasiS.

Small-cap Index:

Top Gainers: Sunflag Iron and Steel, Navkar Corporation, Chennai Petroleum, Texmaco Rail, Bajaj Hindusthan Sugar, Cupid, Borosil Renewables, Apcotex Industries.

Top Losers: Birla Tyres, Aurum Proptech, Venus Remedies, Indiabulls Real Estate, PTC Industries, Jaiprakash Associates, Alok Industries,

Foreign Institutional Investors (FIIs) sold equity shares worth of Rs 18,443.81 crore, while Domestic Institutional Investors (DIIs) bought equity shares worth of Rs 14,394.37 crore.

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