Market Wrap, April 15: Here's all that happened in the markets today

Wipro on Wednesday posted a 6.3 per cent year-on-year (YoY) decline in its net profit at Rs 2,326.1 crore for the quarter ended March 31, 2020

After starting on a promising note, the benchmark indices slipped into the negative territory and ended with around a per cent loss on Wednesday as worries over economic downturn due to the extension of the nationwide lockdown weighed on the investor sentiment. Additionally, IMF's statement on Tuesday that the global economy faces the worst recession since the Great Depression in the 1930s due to the raging coronavirus pandemic also dented the investor confidence.

The S&P BSE Sensex slipped 310 points or 1 per cent to settle at 30,380 levels. The index hit a high of 31,568.36 levels during the day.

HDFC Bank, Reliance Industries (RIL), HDFC, and Bajaj Finance contributed the most to the index's fall. On the contrary, FMCG bellwether Hindustan Unilever (HUL) ended as the top gainer - up 6 per cent.

On the NSE, the frontline index Nifty shed 68.55 points or 0.76 per cent to 8,925.30 levels. India VIX, the volatility index, fell around 4 per cent to 49.4025 levels.

Sectorally, Nifty Bank declined over 2 per cent to 19,057 levels while Nifty Financial Services index dropped 2.75 per cent to 9,239 levels.

On the other hand, Nifty Realty index gained nearly 2 per cent to 180 levels.

COURTESY : Business Standard