Profit Booking Drives Sensex 435 Points Down; HDFC bank, trough RIL

05 April 2022 16:35 STI

Bombay (Maharashtra) [India]Apr 5 (ANI): India’s stock market benchmark Sensex fell 435 points on Tuesday, led by profits in HDFC and HDFC Bank which jumped nearly 10% on Monday after announcing a deal of merger.
The 30-stock S&P BSE Sensex closed at 435.24 points, down 0.72% at 60,176.50 points from its close the previous day at 60,611.74 points.
Earlier, Sensex started the day on a positive note at 60,786.07 points. However, it turned red shortly after the trade opened due to profit booking in stocks that had led the rally on Monday. The Sensex slipped to an intraday low of 60,067.18 points.
The Sensex had gained 1335.05 points or 2.25% on Monday after HDFC and HDFC Bank announced a surprise merger deal.

The National Stock Exchange’s broader Nifty 50 closed 96 points or 0.53% at 17,957.40 against the previous day’s close at 18,053.40.
The Nifty had gained 382.95 points or 2.17% on Monday.
Housing Development Finance Corporation (HDFC) and HDFC Bank, which led the stock market rally on Monday, fell on profit booking. HDFC Bank slipped 2.98% to Rs 1,607.15. HDFC fell 2.12% to Rs 2,622. Both stocks had gained nearly 10% on Monday.
The index heavyweight Reliance Industries Limited (RIL) closed down 1.41% at Rs 2,625.40. Bajaj Finserv fell 2.14% to Rs 16,818.85. Kotak Bank slipped 2.05% to Rs 1,798.
There was strong buying support in energy stocks. NTPC jumped 3.40% to Rs 149.15. Power Grid Corporation rose 2.48% to Rs 233.05. ITC, Titan, Tata Consultancy Services, Nestle India and Hindustan Unilever were among Sensex’s top winners. (ANI)