{"id":21244,"date":"2022-05-02T10:53:18","date_gmt":"2022-05-02T10:53:18","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2022\/05\/02\/sensex-nifty-end-off-days-lows-5\/"},"modified":"2022-05-02T10:53:18","modified_gmt":"2022-05-02T10:53:18","slug":"sensex-nifty-end-off-days-lows-5","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2022\/05\/02\/sensex-nifty-end-off-days-lows-5\/","title":{"rendered":"Sensex, Nifty End Off Day’s Lows"},"content":{"rendered":"
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Indian shares fell for a second straight session on Monday but ended off their day’s lows, tracking gains in U.S. stock futures and a retreat in oil prices. <\/p>\n

U.S. stock futures pointed to a positive open on Wall Street later in the day after the Dow Jones Industrial Average and S&P 500 index saw their worst April performance since 1970.<\/p>\n

Oil prices fell around 3 percent in European trade after China, the world’s top oil importer, released data showing that factory activity in the country contracted for a second month to its lowest since February 2020 because of Covid lockdown.<\/p>\n

Separately, Caixin released its own manufacturing purchasing managers’ index, revealing a second straight month of deterioration.<\/p>\n

The benchmark S&P BSE Sensex ended the session down 84.88 points, or 0.15 percent, at 56,975.99 after having hit as low as 56,412.62 earlier in the day. <\/p>\n

Likewise, the broader NSE Nifty index hit an intraday low of 16,917.25 before recouping most of the losses to end down 33.45 points, or 0.20 percent, at 17,069.10.<\/p>\n

Wipro, Bajaj Auto, Titan Company, Apollo Hospitals and Eicher Motors all fell around 3 percent, while IndusInd Bank surged 3.9 percent after posting strong earnings on lower provisioning.<\/p>\n

ITC, Tata Steel, Power Grid Corp and Coal India rallied 2-3 percent. <\/p>\n<\/p>\n

Market Analysis<\/p>\n<\/div>\n