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On the weekly scale also, the NSE benchmark formed a bearish candle. Analysts said the consolidation in the index may continue and that the 17,000-17,450 range may stay intact.

The Nifty IT index closed 1.0 per cent down at 36152.3.

“The single most important factor that we need to watch for the next three to six months is how this liquidity is withdrawn. The US Fed and other central bankers kept the markets at these levels in the last two years and they are at such high levels that only the withdrawal of this liquidity will have an impact on the markets and not war or outbreak of the pandemic."

The 30-share pack Sensex declined 233.48 points or 0.41 per cent to close at 57,362.20. Its broader peer NSE Nifty fell 69.75 points or 0.40 per cent to 17,153. Both indices closed in the end for the third straight day.

The Nifty Realty index closed 1.22 per cent up at 449.15.

A total of 37,639 shares changed hands on the counter till time (IST).

Despite being in the cyclical textile business, VTL’s stock price has appreciated at 16% CAGR in the last five years

The stock traded at a P/E multiple of 26.95, while the price-to-book value ratio stood at 1.93.

Declines in financial and technology stocks countered gains in basic and defensive sectors, leaving the pan-European STOXX 600 index 0.2% lower.

Housing Development Finance Corporation (HDFC) said the shares were sold on the secondary market through stock exchanges. HDFC said the shares have been sold between July 9, 2021 and March 24, 2022 (including these dates). The sale crossed the 2 per cent threshold on a cumulative basis, on March 24, 2022.