LIVE STOCK MARKET: Nifty, Sensex, Q1 earnings, US inflation, Airtel, Delhivery, Coal India

CLOSING BELL

Stock Market Highlights: Domestic stocks remained in a range below the flatline on Wednesday as a lack of domestic triggers kept investors away. The S&P BSE Sensex closed 36 points, or 0.06%, down at 58,817, while the Nifty50 closed at 17,535, up 10 points or 0.06%.

Hindalco, UPL, Apollo Hospitals, Coal India, Tata Steel, Tata Motors and Bharti Airtel were the top large-cap gainers, up 1.5% to 4.5%. In contrast, Bajaj Finance, ONGC, Asian Paints, HCL Tech, Wipro, Adani Ports and SBI fell more than 1%.

In the broader markets, the BSE MidCap and SmallCap indices fell 0.15% each due to losses in Natco Pharma, Oil India, MRF, YES Bank, Everest kanto Cylinders, Dynemic Products and Sequent Scientific.

Among sectors, the Nifty IT index slipped 0.9%, while the Nifty Metal index rose 1.6%.

Jefferies sees 15% decline in markets

The Nifty’s pullback from its recent lows looks unsustainable, Jefferies analysts said in a recent note, although they acknowledged the improving U.S. outlook on lower inflation expectations and reduced recession risks. . READ MORE

Global indices

Global equities were mixed on Wednesday as global investors await a key print from US inflation. In Europe, the pan-European Stoxx 600 slipped 0.2% in early trading, while futures linked to major Wall Street indices gained between 0.2% and 0.3% on Wall Street.

In Asia, the Japanese Nikkei fell 0.6% and the South Korean Kospi 0.9%. Hong Kong’s Hang Seng, meanwhile, lost almost 2%.

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