Heavyweights drag down markets
Business Standard|May 08, 2024
Midcap, smallcap indices log biggest fall in nearly two months
SUNDAR SETHURAMAN
Heavyweights drag down markets

The benchmark Nifty 50 index fell for the third consecutive day on Tuesday, weighed down by losses in heavyweights like HDFC Bank, Reliance Industries, and ICICI Bank each declining by over a per cent and accounting for the bulk of the losses.

After hitting almost 22,500, the Nifty finished at 22,302.5, down 140 points, or 0.6 per cent. The BSE Sensex closed at 73,512, down 384 points, or 0.5 per cent.

Deeper cuts were seen in the broader market, with the Nifty Midcap 100 finishing at 49,664, down nearly 2 per cent-its worst single-day fall since March 13.

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