Sensex, Nifty Snap Two-Day Winning Streak In Volatile Session
Catch all live updates on share prices, index moves, corporate announcements and more from the Sensex and Nifty, today.
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IndiGo CEO Ronojoy Dutta Steps Down
IndiGo CEO Ronojoy to step down on September 30.
Former KLM Royal Dutch Airlines CEO Pieter Elbers named new CEO.
Source: Exchange filing
Vedantu Lays Off 424 Employees
Edtech unicorn Vedantu lays off 424 employees, about 7% of the company's workforce.
“War in Europe, impending recession fears, and Fed rate interest hikes have led to inflationary pressures with massive correction in stocks globally and in India as well. Given this environment, capital will be scarce for upcoming quarters,” CEO Vamsi Krishna said.
Source: Vedantu blog
Closing Bell
India's stock benchmarks snapped two-day winning streak in a volatile session. The Sensex and Nifty reversed nearly 1% gains as fall in telecom, realty, metals and consumer durables offset the rise in fmcg and healthcare stocks.
The Sensex fell 0.20% to 54,208.53. The 30-stock gauge gained over 460 points to an intraday high of 54,786. The Nifty also declined by similar magnitude to 16,240.30.
The S&P BSE MidCap almost mirrored its larger peers while the S&P BSE SmallCap outperformed Sensex and Nifty, rising 0.33%. Sixteen of the 19 sectoral indices declined with S&P BSE Realty losing nearly 2% and S&P BSE Telecom falling 1%.
The market breadth is skewed in the favour of bulls. About 1,920 stocks advanced, 1,429 declined and 117 remained unchanged.