Bears Takeover: Sensex Falls For 5th Day, Investors Lose Wealth, All Sectors Bleed

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Bears Takeover: Sensex Falls For 5th Day, Investors Lose Wealth, All Sectors Bleed

By Malvika Gurung

Investing.com -- Indian equity benchmark indices continued their downward streak, ending lower for the fifth consecutive session on Tuesday, led by broad-based fag-end sell-offs on the backdrop of weak global cues amid the ongoing Russia-Ukraine war, rising cases of Covid-19 in China, and an imminent rate hike by the US Fed.

European shares traded lower after a long string of Easter holidays on Tuesday, as concerns grew over rising tensions between Russia and Ukraine. Investors grew wary of rising inflation and imminent interest rate hikes from the Fed, which also weighed on markets.

Moreover, the corporate earnings season for the March ending quarter started on a disappointing note, as industry heavyweights, Infosys (NS: INFY ) and HDFC Bank (NS: HDBK ) missed the Street estimates on several parameters. 

Benchmark gauges BSE Sensex lost 703.59 points or 1.23% and Nifty 50 declined 1.25% on Tuesday, its lowest level since March 15.

The indices fell in the last hour of the choppy session and swung about 2.5% between volatile gains and losses in the session.

Investors on Dalal Street lost Rs 4.18 lakh crore of their wealth on Tuesday. Heavy sell-offs in HDFC (NS: HDFC ) twins and Infosys contributed to a fall of about 590 points in Sensex, stated reports.

On the sectoral end, all indices listed under the Nifty basket ended in red, led by Nifty IT , slumping 2.98% and Nifty Bank declined 1.05%.

On the Nifty50 index, only 6 stocks ended in the green, led by Apollo Hospitals (NS: APLH ), Coal India (NS: COAL ) and Reliance (NS: RELI ), rising 3.2-5.3% each, while HDFC slumped the most, down 6.3%.

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  • Deeptangshu Chaudhary @Deeptangshu Chaudhary
    Seriously, after reading the comments during the past few days, I think the readers can write better analysis than these writers... Its so superficial
    Like 0
  • Abhishek Bal @Abhishek Bal
    Tomorrow when market gaps up what will you say ? Ukraine has signed peace treaty, inflation is not concern and nonlockdownnin china
    Like 8
    • Tanmay Nigam @Tanmay Nigam
      All manipulation in the market bro.
      Like 1
    • Vishal Kumbhani @Vishal Kumbhani
      sell on rise... will be for tomorrow...
      Like 0
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