On Wednesday, the equity indices lost ground during a tumultuous trading session. All NSE sectoral indices ended in the red, with the exception of the media index. The imminent LIC IPO and weak global cues prompted an exodus of equity. Today, the European stocks were trading higher. The bulls in today's session were IIFL Securities, Reliance Industrial Infrastructure Ltd, Bombay Dyeing, KPIT Technologies, Ruchi Soya, and Adani Power.

 Indices traded lower amid volatility. Nifty took the support of 17,000 and closed above it. It closed lower by 0.97 per cent and Sensex lost about 537 points.

Mahindra Logistics Ltd, Veranda Learning Solutions Ltd and Omaxe Ltd are today’s mid-day movers.

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At 12.30 pm on Wednesday, the core equity indices i.e., Sensex and Nifty 50 fell sharply and were trading almost a per cent down, owing to a weaker global market scenario. All the sectors on BSE were trading in the red with BSE IT, BSE Metal, and BSE Telecom dragging the markets even more. However, India VIX surged 7.50 per cent today.  

Concerns about growing inflation, interest rate hikes, and potential damage to global economic development weighed heavily on Indian markets, which opened on a downbeat note. In the intraday trading today, Reliance Industries climbed 1.14 per cent, setting a new intraday high of Rs 2,827.10. The company's market valuation has reached Rs 19 lakh crore. Mahindra Logistics increased 10 per cent to Rs 523. Wipro is set to pay $540 million for consulting business ‘Rizing’. The stock of Lasa Supergenerics received a fresh order worth 50 crore rupees, resulting in a nearly 3 per cent increase in the share price.  

The equity markets are trading volatile and the majority of shares have delivered negative returns in April 2022 so far; however, the shares of the newly-listed Veranda Learning are seen creating wealth for its shareholders. The shares of Veranda Learning have jumped at least 70 per cent from the levels of Rs 131.25 per share seen on April 11 this year. In just 11 trading sessions, the shares of Veranda Learning have gained by 70 per cent.

Nashik based NSE and BSE listed, KBC Global Ltd has informed exchanges that a meeting of the Board of Directors is scheduled to be held on April 29, 2022 to consider and discuss the possibility of entering into the mining business internationally.

Engaged in healthcare sector, the company primarily focuses on pediatric, obstetrics and gynecology fields.

After climbing 1.37 per cent in the previous trading session, the broad market index S&P BSE Sensex witnessed a decline today.