The domestic equities moved in sync with US markets to close in the negative, fuelled by investors’ expectation of stringent interest rate decisions by the Fed. The market closed lower for the second successive day, dragged down by IT and financial sector stocks. NSE's India VIX, a gauge of market volatility, went up by 2.89 per cent to 19.02 levels.  

OnMobile Global, Yes Bank and South Indian Bank witnessed positive action in today’s session.

Today, when the equity market saw corrections, BSE Sensex was down by 566 points. In spite of that, the stock of Tata Power gained 5.5 per cent. The below-listed factors led to the demand for Tata Power shares.

BSE Smallcap index outperformed broader markets, ending in the green territory at 29,695.94, up by 0.38 per cent.

Indices closed lower on Wednesday. Nifty closed at 17,807.65, down by 0.83 per cent while Sensex lost about 566 points.

The company has proposed company's board split equity shares of the face value of Rs 5 each into equity shares of the face value of Re 1 each.

In environments of rising yields and higher inflation expectations, value stocks are placed better than growth stocks, asserts Meenakshi Dawar, Fund Manager, Nippon India Mutual Fund.

Container Corporation of India Ltd, IDBI Bank and Indian Hotels Company Limited are today’s mid-day movers

Indian markets nosedived during Wednesday's trading session, tracking weak global peers. The US market was down by 0.80 per cent and 2.20 per cent. The mutual fund industry’s AUM grew by 19 per cent to Rs 38.37 lakh crore. The buyers outnumbered sellers to show positivity in the market. On BSE, 2,068 shares rose while 1,151 shares fell. The FIIs bought shares worth Rs 374.89 crore and the DIIs sold shares worth Rs 105.42 crore on April 05. 

At 11.30 am on Wednesday, the core equity indices i.e., Sensex & Nifty 50 fell, owing to poor Q4 result updates from IT and auto companies, which led to higher selling from investors.