All the sectoral indices on NSE rose with metal, real estate, and auto stocks gaining the most. Besides, Nifty traded just above 16,150 points.

The company targets to reduce debt by Rs 35 crore-Rs 40 crore in FY23, out of which, Rs 9 crore has already been paid in April 2022. 

Due to the global sell-off, the Indian equity markets traded under pressure with Sensex rattling 1,416.30 points or 2.61 per cent ending at 52,792.23 level while Nifty declining 430.90 points or 2.65 per cent at 15,809.40 level.  

Highest put option open interest contract was added at a strike price of 14300 for expiry on May 26. 

BSE Smallcap index tanked 2.29 per cent to end the session at 25,801.04.

At the closing bell on May 19, the Sensex closed worse off than it started the week with a loss pf of 2.6 per cent or 1416.30 points to close at 52,792.23, while the Nifty index shed 2.7 per cent or 431 points at 15,809.40.

On Thursday, the equity indices fell due to negative global indicators. All the sectoral indices of NSE ended in the red. All the stocks in the information technology, metals, and media sectors fell. Nifty closed just beyond 15,800 points. Due to the expiry of the weekly index options on NSE, trading was choppy. Nifty’s Information Technology index fell 5.74 per cent to 28,352.15. In just two trading sessions, the index has dropped 6.18 per cent. On Thursday, the European and Asian stock markets also fell. Futures on Dow Jones index were down by 423 points, signalling a bad start in the US stocks today.

Nifty Midcap and Smallcap ended with a loss of 2.66 per cent & 2.17 per cent, respectively. 

ITC is the largest cigarette manufacturer in the country. ITC operates in five business segments i.e. FMCG cigarettes, FMCG others, hotels, paperboards, paper & packaging, and Agribusiness.

Currently, the equity markets are trading amidst an extremely volatile environment. In the past couple of months, the worries over inflationary pressure and policy tightening by the global central banks have been stretched majorly by the geopolitical crisis in Europe as well as the new wave of COVID-19 in China.