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India's Third Giant Leap

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Sensex Ends 566 Points Lower; HDFC Twins & HCL Tech Top Losers
Wed, 6 Apr Closing

Indian share markets witnessed negative trading activity throughout the day today and ended near day's low.

Hawkish comments from a US Fed official that indicated the central bank will begin its balance sheet reduction as soon as May, dampened sentiment.

Markets fell for a second straight day as banking and finance heavyweights HDFC, HDFC Bank, Bajaj twins and the likes witnessed profit booking.

At the closing bell, the BSE Sensex stood lower by 566 points, down 0.9%. Meanwhile, the NSE Nifty fell 150 points.

NTPC and Tata Steel were the top gainers today. HDFC Bank, HDFC and HCL Tech, on the other hand, were the top losers today.

Broader markets bucked the trend and advanced about 0.4% as many stocks rallied up to 20%.

Adani Group companies were buzzing as they continued their uptrend post announcing fund raising plans.

US stock futures are trading in red with Nasdaq Futures down nearly 1% while Dow Jones and S&P500 futures slipped 0.5% each.

Speaking of stock markets, Chartist and Research Analyst at Equitymaster Brijesh Bhatia has recorded a video explaining how to trade the stock of Reliance Industries.

You can watch the video on Equitymaster's YouTube Channel.

Meanwhile, Brijesh also shared an update on the Bank Nifty index, on his telegram channel.

We recommend you join his telegram channel - Fast Profits Daily to get the latest updates on what's happening in the markets and get access to the best trading ideas.

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