Midday Movers: SENSEX and Nifty 50 dip; PSU banks rally while IT stocks slip

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Sensex dips more than 350 points while Nifty falls ~100 points this afternoon. PSU banks rally while IT stocks slip. GCPL stock up 21% after an inline set of number and appointment of Sudhir Sitapati as MD & CEO. Sudhir has spent 22 years at Hindustan Unilever Limited The stock is upmost since its IPO in 2001. Siemens trading at an all-time high after a solid result in the March quarter where the net profit jumped over 90% YoY. M&M stock under pressure after it expects its sales volume in 1QFY22 to be 15%-20% lower quarter-on-quarter due to the impact of the second wave of Covid; revenue and profitability are expected to be impacted in line with the volume decline. Vinnie Motiwala is here with the list of other stocks

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