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MARKET LIVE: Sensex down 1,000 pts, Nifty below 15,900; BSE midcap slips 2%

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MARKET LIVE: Sensex, Nifty, SGX Nifty, oil, inflation, CPI, L&T,Tata Motors

Stock market live updates: The key benchmark indices opened with sharp cuts on Thursday and extended losses in early deals as global markets fell on high US inflation data for April that dented investor confidence overnight.

The BSE Sensex shed 800 points to 53,250, and the NSE Nifty fell 200 points to slip below 16,000 level.

In the broader markets, the BSE MidCap and SmallCap indices were also weak, falling up to 1.8 per cent.

Sectorally, PSB index on the Nifty was the worst hit, falling over 3 per cent. All other pockets also suffered steep losses, with Auto, Metals, Consumer Durables, and Realty, down up to 2.7 per cent. 

Among stocks, MRPL gained 5 per cent. The ONGC subsidiary reported an over 11-fold jump in Q4 net profit at Rs 3,008.18 crore for the quarter ended March 2022 when compared with Rs 267.51 crore in the corresponding quarter a year ago.

On the flip side, Birla Corporation fell 5 per cent after the company reported a 55.5 per cent drop in net profit to Rs 111.08 crore in the March quarter due to a one-off credit adjustment in income tax expense the previous year. 

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