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Live: Nifty tests 22,300; Buying in FMCG & IT caps downside| DRL, Titagarh in focus| Closing Bell

Closing Bell: Nifty index tested 22,300 levels, touching an intra-day low of 22,232. This marked the third consecutive day of decline, with the broader market witnessing a heightened selloff. The India VIX, a measure of market volatility, surged to a 52-week high of 17.64, recording a remarkable 60% increase over the past eight trading sessions. The downturn was widespread, with notable declines observed across various sectors. The midcap index particularly suffered, declining by nearly 2%. Nifty gainers: HUL, Tech Mahindra, Britannia, Nestle, TCS, ITC, Kotak. Among Nifty losers: Bajaj Auto, Power Grid, ONGC, IndusInd, Hindalco, Tata Motors. Watch this edition of Closing Bell with Nandita Khemka and Yatin Mota.

first published: May 7, 2024 03:45 pm