Closing Bell: Sensex, Nifty ends more than 1% lower today
Closing Bell: Sensex, Nifty ends more than 1% lower today, dragged by IT and Realty stocks
Indian stock market opened flat to the negative on Thursday amid mixed global cues. The Nifty today opened at 17767.75 levels down by only 12.80 points while Sensex made a slightly lower opening by 30.17 points at 59528.16 levels. Indian markets extended their early losses and closed more than 1 percent lower today.
Indian Stock Market News Today
The Indian equity indices continued their trade negative territory throughout the day on the back of selling in IT, Realty, and Financial Services counter. The market sentiments were hit due to a private survey by IHS Markit that showed India’s dominant services sector growth slowed to a six-month low in January as restrictions were imposed to curb the Omicron wave of Cov-19 infections and surging prices weighed on demand. The IHS Markit Services Purchasing Manager’s Index (PMI) declined to 51.5 in January from 55.5 in December.
Meanwhile, Niti Aayog Vice-Chairman Rajiv Kumar has claimed that the Union Budget lays the foundation for the country’s long-term growth in the next 25 years. He also said the government is taking all possible measures to ignite private investments, which will be the best bet to pull the economy out of the shadows of the coronavirus pandemic
On the global front, Asian markets were closed mixed today. Whereas European markets are trading almost flat as traders are cautious ahead of the monetary policy announcements from the Bank of England and the European Central Bank.
Sensex and Nifty at the Close
At the close, Nifty was down by 219.80 points or 1.24 percent and closed at 17560.20 levels while Sensex declined by 770.31 points or 1.29 percent and finished at 58788.02 levels. The Bank Nifty index closed lower by 320.50 points or 0.81 percent on spot and ended at 39010 levels.
The broader markets also closed in the red today. The Nifty midcap index was down by 297.65 points or 0.96 percent and closed at 30673.90 levels. The Nifty smallcap index closed lower by 38.75 points or 0.34 percent and finished at 11301.25 levels.
Top Nifty Gainers and Losers
The top gainers in the Nifty 50 index were Hero Motorcorp, Bajaj Auto, Divis Labs, ITC, and Maruti Suzuki whereas the top losers were HDFC, NTPC, SBI Life, Infosys, and Grasim
The Nifty midcap top gainers were Dhani Services, TVS Motor, and Coromandel Int and the losers were Godrej Prop, M&M Financial, and L&T Technology.
The top gainers in the Nifty smallcap index were Blue Start, Amber Enterpris, and Balrampur Chini the losers were MCX India, VIP Industries, and Welspun India.
The most active stocks in the Nifty index in terms of value were SBI, HDFC, and Reliance The most active stocks in terms of volume were ITC, SBI, and Tata Motors.
On a sectoral front, except for Auto and Consumer Durables, all other sectoral indices closed in the red today. The sectors that dragged the markets were IT, Realty, Financial Services, Oil & Gas, and Banks.
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