A financial trader monitors data on computer screens on the trading floor. (Photographer: Jasper Juinen/Bloomberg)

Sensex, Nifty End Lower As Weak Global Cues Weigh

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Closing Bell

Indian equity benchmarks declined as investors wait for more clarity on Donald Trump's proposed tariff imposition on Chinese imports and its impact on the world economy.

The S&P BSE Sensex Index closed 0.4 percent lower at 33,001.78. while NSE Nifty 50 Index closed at 10.108.10, down 0.5 percent.

The market breadth was tilted in favour of sellers. Ten out of 11 sectoral gauges compiled by NSE fell, led by NSE Nifty PSU Bank Index's 2.2 percent decline. On the flipside, NSE Nifty Metal Index was the only sectoral gainer after raising marginally by 0.04 percent.

Sensex, Nifty End Lower As Weak Global Cues Weigh

Stocks Under Traders' Radar

National Aluminium

  • Stock rose as much as 8.3 percent.
  • Trading volume was 2.7 times its 20-day average.

JM Financials

  • Stock fell as much as 5.4 percent to Rs 118.75.
  • Trading volume was 1.6 times its 20-day average.

Garnet International

  • Stock fell as much as 5 percent to Rs 274.10.
  • Trading volume was 6.3 times its 20-day average.

HOEC

  • Stock rose as much as 8.7 perrcent to Rs 118.80.
  • Trading volume was 4.3 times its 20-day average.

Responsive Industries

  • Stock rose as much as 11.3 percent to Rs 41.90.
  • Trading volume was 1.7 times its 20-day average.

Countdown

Market Update

Indian equity benchmarks erased gains and declined, after shares of automakers and banks weighed on the indices.

The S&P BSE Sensex Index fell as much as 0.5 percent to 32,984.69, while the NSE Nifty 50 Index fell as much as 0.5 percent to 10,107.25.

Ten out of 11 sectoral gauges compiled by NSE fell, led by NSE Nifty PSU Bank Index's 1.5 percent decline. On the flipside, NSE Nifty Metal Index was the only sectoral gainer, up 0.3 percent.

Sensex, Nifty End Lower As Weak Global Cues Weigh

Binani Cement Case At Kolkata NCLT

Binani Cement insolvency case hearing is underway at the Kolkata National Company Law Tribunal. At least 13 petitions have been filed by different stakeholders. The arguments started at 11:00 a.m., and here are the latest updates:

Binani Industries To NCLT

  • Directors not allowed to attend meetings.
  • Resolution professional misused insurance fund.

Resolution Professional To NCLT

  • Binani did not send any representative for meetings.
  • UltraTech did not submit revised plan on March 8, only sent an email.

NCLTS Observations

  • Complaints against resolution professional to be addressed by Insolvency and Bankruptcy Board of India.
  • Have limited power for approval & rejection.