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Stock market live updates: The key benchmark indices were seen holding marginal losses in early noon deals on the back of weakness in financial, FMCG and energy shares, as the Ukraine war woes linger.
The BSE Sensex was down around 300-odd points, while the NSE Nifty50 was hovers around 17,150-level.
Ukrainian President’s comments that if talks with Russia fail, there could be dire consequences in the form of a third world war, were weighing on markets.
On the other hand, shares of information technology (IT) were in focus after Accenture reported a robust set of earnings for the quarter ended February 2022 (Q2FY22).The Dublin-based company’s revenue grew 28 per cent year-on-year in constant currency terms and it raised its revenue growth guidance for the year (ending August) to 24-26 per cent, from 19-22 per cent. READ MORE
Among the Sensex 30 shares, PowerGrid, Kotak Bank, Mahindra & Mahindra, SBI and IndusInd Bank were the notable losers, while Maruti, Titan, Sun Pharma and Tata Steel were the major gainers.
In the broader markets, the BSE MidCap and SmallCap indices were outperforming the benchmarks, holding gains of up to 0.3 per cent and 0.9 per cent, respectively.
Sectorally, the BSE Metal index surged 2.5 per cent. The Healthcare and Consumer Durables were the other prominent gainers, while Bankex and Power were on slippery ground.
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