Sensex Ends 126 pts Lower; Nifty Below 19,750; Tata Motors Jumps 5%, Infy Slides 2%

Sensex Today: Benchmark indices staged a smart recovery in the second half of the session on Friday amid robust buying in Tata Motors, IndusInd Bank, HCL Tech, Maruti Suzuki, TCS, and Bajaj twins.

The S&P BSE Sensex ended at 66,283 levels today, down 126 points or 0.19 per cent, after hitting an intraday low of 65,895. The Nifty50, on the other hand, hit a low of 19,635 before recouping most of these losses to end at 19,751, down 43 points.

The upside, however, remained capped as selling in Infosys (down over 2 per cent), Adani Enterprises, Axis Bank, Wipro, SBI, Grasim, HDFC Bank, and Bajaj Auto weighed.

The broader markets, however, ended with marginal losses with the BSE MidCap and SmallCap indices dipping 0.05 per cent and 0.04 per cent, respectively.

Among sectors, the Nifty PSU Bank index fell 1.4 per cent, while the Nifty Auto index gained 0.88 per cent.

In the broader market, the BSE MidCap index was up 0.1 per cent, while the SmallCap index added 0.2 per cent.

Global Cues

Overnight, the US indices – Dow Jones, Nasdaq, the S&P 500 declined over 0.5 per cent each after inflation in the US rose slightly more than expected at 0.4 per cent on a month-on-month basis. This send the US 10-year Treasury yeilds surging to 4.73 per cent.

Further, markets in Asia too painted a negative picture. Hang Seng was down 1.6 per cent. Kospi, Taiwan, and Straites Times declined over 0.5 per cent each. Nikkei, however, was marginally in red.

Among commodities, Brent Crude Oil quoted around $86 per barrel after a volatile trade on Thursday. Gold was seen steady around $1,885 an ounce.