Market: Sensex fell 400 points Nifty close to 17,600; Dish TV jumps 10%

Domestic markets were volatile in Thursday’s intra-day trade following a fall in global markets following a 75-basis point rate hike by the US Federal Reserve. Nifty 50 was trading below 17,600 level, down nearly 150 points and S&P BSE Sensex was trading at 58,996 level, down over 450 points.

The broader markets also saw partial losses, with Nifty Midcap and Smallcap indices falling up to 0.5 per cent.

Barring Nifty FMCG and Nifty Media, which traded with marginal gains, most sectors closed in negative territory. Nifty IT and Nifty Bank index were the biggest losers – up to 1 per cent.

While ITC, HUL, Nestle India attempted to narrow losses for the benchmark indices; Bajaj Finserv, Tech Mahindra, Wipro, HDFC contributed to the sharp cut.

Further, among individual stocks, shares of Punjab National Bank (PNB) rose 2 per cent after it raised Rs 658 crore through additional Tier-1 bonds in line with Basel III.

Also, Ashoka Buildcon shares rose over 2 per cent after the company received an order worth Rs 258.12 crore from South Western Railway.

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