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Sensex 150 points lower, Nifty below 22,450: Will downward trend continue? What to expect next?

Stock market today: BSE Sensex traded 166 points or 0.22% lower at 73,848 while Nifty50 was at 22,432, down 30 points or 0.13%.

Updated on: Apr 2, 2024, 11:18:42 IST
By HT News Desk
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Stock market today: Indian equity indices opened marginally lower today (April 2) after hitting a fresh record high in the previous session on April 1. The downward trend came amid declines in IT and financial stocks as BSE Sensex traded 166 points or 0.22% lower at 73,848 while Nifty50 was at 22,432, down 30 points or 0.13%. Nifty Smallcap100 rose by 0.5%, while Nifty Midcap100 surged by 0.34%.

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Which stocks gained in early trade?

Stock market today: A bird flies past a screen displaying the Sensex results on the facade of the Bombay Stock Exchange (BSE) building in Mumbai. (Reuters)
Stock market today: A bird flies past a screen displaying the Sensex results on the facade of the Bombay Stock Exchange (BSE) building in Mumbai. (Reuters)

IndusInd Bank, Tata Motors, Titan, and Reliance Industries opened with gains. Adani Ports rose 3.5% while Aditya Birla Fashion and Retail shares traded 15% higher after the company said that it was planning to demerge Madura Fashion & Lifestyle into a separate listed entity.

Read more: Aditya Birla Fashion share price today jumps 15%. Here's why

Which stocks opened with cuts in early trade?

ICICI Bank, JSW Steel, Bajaj Finance, Wipro, and TCS opened with cuts in early trade.

Which sectors opened with gains and which lost in early trade?

Nifty IT declined by 0.5%, and Nifty Healthcare dropped by 0.36% while Nifty Auto, Media, Metal, PSU Bank, Realty, Consumer Durables, and Oil & Gas opened with gains.

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Stock market today: What about global markets?

Oil prices gained in early Asian trading as Brent futures for June delivery rose 37 cents to $87.79 a barrel and May contract for US West Texas Intermediate (WTI) crude futures rose 32 cents to $84.03 a barrel.

 
ABOUT THE AUTHOR
HT News Desk

Follow the latest breaking news, major developments and agenda-setting stories from India and around the world with the newsdesk at Hindustan Times. Operating round the clock, the desk brings together experienced editors, reporters and correspondents to deliver fast, accurate and contextual reporting across subjects that influence public policy, governance, business, society and international affairs. The HT News Desk covers politics, elections, government policies, the economy, business and markets, science and technology, the environment, law and order, infrastructure, education, climate issues and geopolitics, while closely tracking developments across states, institutions and global capitals. The team also leads coverage of major breaking news events, policy announcements, court proceedings, natural disasters, public emergencies and significant international developments. Reports published by the newsdesk are based on information gathered from reporters on the ground, official statements, government agencies, court records, regulatory filings, recognised institutions and other authoritative sources. Stories undergo editorial scrutiny and verification processes to ensure accuracy, fairness and relevance, and are updated as events evolve and additional information becomes available. Whether covering a key political decision in New Delhi, an economic policy shift affecting millions, a landmark court ruling or a major global event, the HT News Desk aims to provide readers with reliable, fact-based journalism that delivers not only the latest developments but also the context and analysis needed to understand their wider implications.

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Stay updated with the latest Business News, stock market updates, petrol and diesel prices, gold and silver rates, income tax updates and major developments from India and across the world.
Stay updated with the latest Business News, stock market updates, petrol and diesel prices, gold and silver rates, income tax updates and major developments from India and across the world.
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