{"id":9658,"date":"2021-05-12T04:21:20","date_gmt":"2021-05-12T04:21:20","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2021\/05\/12\/sensex-drops-over-300-points-nifty-at-14763\/"},"modified":"2021-05-12T04:21:20","modified_gmt":"2021-05-12T04:21:20","slug":"sensex-drops-over-300-points-nifty-at-14763","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2021\/05\/12\/sensex-drops-over-300-points-nifty-at-14763\/","title":{"rendered":"Sensex Drops Over 300 Points; Nifty At 14,763"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"divBody\">\n<div id=\"ctl00_CPI_dvBody\">\n<p> Indian shares fell notably on Wednesday, tracking weak cues from global <span class=\"landLinks\">markets<\/span> as inflation worries prevailed. <\/p>\n<p>The benchmark S&amp;P BSE Sensex dropped 309 points, or 0.6 percent, to 48,852 in early trade, while the broader NSE Nifty index was down 88 points, or 0.6 percent, at 14,763.<\/p>\n<p>Godrej Consumer Products shares jumped 15 percent.  The second wave of the pandemic could be a tailwind for the Hygiene (including Soaps) category and headwind for certain discretionary categories, the company said after reporting a 59 percent jump in Q4 profit.<\/p>\n<p>Granules India slumped nearly 5 percent despite reporting a 38 percent rise in quarterly profit. <\/p>\n<p>Bharti Airtel shares fell about 1 percent. Reliance Jio gained 4.26 million wireless subscribers against Airtel&#8217;s 3.73 million in February, according to latest subscriber data collated by TRAI.<\/p>\n<p>PC Jeweler climbed 2 percent. Capital market regulator SEBI has barred four individuals and one entity from the securities market in a case of alleged insider trading. <\/p>\n<p>Asian Paints and Lupin were modestly higher ahead of their earnings results. <\/p>\n<p>Siemens soared 8.6 percent after it posted an over 90 percent year-on-year (YoY) rise in consolidated net profit for the March quarter. <\/p>\n<p>Mahindra &amp; Mahindra shares fell 1.7 percent.  The company said its sales volume for the quarter ended June 2021 will likely be lower by 15-20 percent as compared to the year-ago period. <\/p>\n<\/p>\n<\/div><\/div>\n<p><script type=\"text\/javascript\">\n        window.fbAsyncInit = function () {\n            FB.init({\n                status: true,\n                cookie: true,\n                xfbml: true\n            });\n        };\n        (function (d) {\n            var js, id = 'facebook-jssdk'; if (d.getElementById(id)) { return; }\n            js = d.createElement('script'); js.id = id; js.async = true;\n            js.src = \"https:\/\/connect.facebook.net\/en_US\/all.js\";\n            d.getElementsByTagName('head')[0].appendChild(js);\n        }(document));\n    <\/script><br \/>\n<br \/>\n<br \/>Sensex Drops Over 300 Points; Nifty At 14,763<\/a><br \/>\n<br \/>2021-05-12 04:21:20<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indian shares fell notably on Wednesday, tracking weak cues from global markets as inflation worries prevailed. The benchmark S&amp;P BSE Sensex dropped 309 points, or 0.6 percent, to 48,852 in&#8230;<\/p>\n","protected":false},"author":2,"featured_media":9659,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.unsplash.com\/photo-1535139262971-c51845709a48?ixid=MXwxMjA3fDB8MHxwaG90by1wYWdlfHx8fGVufDB8fHw=&ixlib=rb-1.2.1&auto=format&fit=crop&w=1950&q=80","fifu_image_alt":"","footnotes":""},"categories":[30],"tags":[],"class_list":["post-9658","post","type-post","status-publish","format-standard","has-post-thumbnail","category-asian-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/9658","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=9658"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/9658\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/9659"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=9658"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=9658"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=9658"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}