Benchmark indices Sensex and Nifty closed lower tracking weak cues from Asian market. Sensex fell 627 points at 49,509 and Nifty ended at 14,690, down 154 points. On the sectoral front, banking stocks were the top losers, while rise in consumer durables stocks stemmed the fall. Among the individual stocks, HDFC Bank was the top loser on Sensex down 4 per cent, followed by PowerGrid, ICICI Bank, Asian Paints and Tech Mahindra, among others. On Sensex, 19 stocks ended in the red. Top Sensex gainers were ITC , Bajaj Finserv and HUL gaining up to 1.82%. Developments related to COVID-19, rising bond yields and weak global cues dampened market sentiment in this holiday-shortened week. After remaining closed on Monday for Holi, the stock market would remain closed on Friday for Good Friday.

On Tuesday, Indian equity benchmarks BSE Sensex and NSE Nifty ended higher for the second straight session amid broad-based buying. The BSE 30-share barometer, Sensex, closed higher by 1,128 points, or 2.3 per cent, at 50,136, and the NSE Nifty settled at 14,845, up 337 points or 2.33 per cent. All the sectoral indices ended in the green, with IT and Teck index emerging as top gainers, rising 3 per cent, each.

[ReadMore]