Stock Market Highlights: Sensex ends down 581 pts, Nifty at 17,110, off day’s lows; SBI, Axis, Maruti up 3%


Market At Close | Nifty Bank up 0.7%, recovers 970 points from day’s low

Here are some highlights: 

–Sensex, Nifty50 stage smart recovery from intraday lows 

–Sensex off 838 points from day’s low, Nifty up 243 points

–Strong Canara Bank earnings help state-run banking stocks rise; Nifty PSU bank up 5%

–IT stocks remain under pressure with nifty it now down over 13% this month

–Nifty IT set for biggest monthly fall since March 2020

–Volatility index VIX down 2% 

–Nifty Bank rises 275 points to 37,982; midcap index down 312 points at 29,365

–Axis Bank, SBI, Kotak Bank, Maruti Suzuki lift Nifty; Infosys, TCS, RIL drag

–Except ICICI Bank, HDFC Bank, all Nifty Bank constituents in green

–HCL Tech, Tech Mahindra, DRL, TCS, Wipro, Divi’s top Nifty losers

–Axis Bank, SBI, Maruti, Cipla, Kotak Bank, IOC, Bajaj Auto top Nifty gainers

–Torrent Pharma top midcap loser after weak Q3, brokerages cut estimates 

–IndiaMART, Coforge, Dalmia Bharat, Mindtree, Jubilant FoodWorks top midcap losers

–SRF falls 5% despite better-than-expected earnings

–Market breadth improves but still in favour of declines


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