Indices witnessed a splendid recovery towards the end and Nifty recovered about 180 points to close at 16,167.10.

Mahanagar Telephone Nigam Ltd, Gujarat Gas Ltd and Elecon Engineering Co Ltd are today’s mid-day movers. 

Only the Bankex sector, out of all others, witnessed buying. During the session, metal, IT, and FMCG equities were among the worst performers. Inflation in the consumer sector also increased faster than projected. The consumer price index (CPI) increased by 2.1 per cent from a year ago, the quickest rate in five months, after growing by 1.5 per cent in March. 

At noon on Wednesday, the core equity indices i.e., Sensex and Nifty 50 fell sharply amidst weak global cues. Asian markets gained as the inflation data released by the Chinese Government was not as bad as expected. This proved to be a relief for the Asian markets, which were trading higher by 1 per cent.

In the tussle between the bulls and the bears, the bulls seemed to overpower the bears today. 

Chemplast Sanmar Limited, a speciality chemicals company, which is India’s dominant producer of specialty paste PVC, announced its audited financial results for the quarter and year ended on March 31, 2022.  

The month of April was a wicked one for the stock markets across the world and Indian markets were no exception as Nifty plunged 2 per cent.

On Tuesday, the benchmark indices ended the volatile trading session on a lower note. Sensex slipped 105.82 points or 0.19 per cent at 54,364.85 level while Nifty plunged 61.90 points or 0.38 per cent at 16,240 level. 

Highest put option open interest contract was added at a strike price of 15400 for expiry on May 12. 

 GNFC, Inox Leisure and PVR witnessed positive action in today’s session.