Nifty ends below 17200, IT, FMGC, Auto stocks top losers

 

Sensex & Nifty Today 25 March 2022: Indian stock markets made a slightly positive start on Friday following gains on Wall Street overnight but failed to hold the momentum and immediately slipped below their natural lines. The Nifty today opened at 17289 levels, up by 66.25 points while Sensex made a positive opening of 206.04 points at 57801.72 levels.

 

Stock Market News Today

 

Traders were concerned as the UN had downgraded India’s economic growth projection for 2022, due to the impact of the ongoing Ukraine war. Further, adding some cautiousness, a private report stated that after crossing the $500-billion market in the first 11-months of the current financial year, the country’s import bill is set to hit record highs in FY22 and probably will touch $600 billion.

However, the downside was limited as the payroll data by the minister of statistics and program implementation, released on Friday, went up in January. The data shows, net new subscriber addition under the EPFO stood at 1.52 million in January 2022, 20.6% more than 1.26 million added in December 2021.

On the global front, most of the Asian markets closed in the red today despite positive cues from the US markets overnight. Traders kept an eye on developments out of Europe, where President Joe Biden is meeting with U.S. allies in Brussels after imposing additional sanctions against Russia. European markets are mostly trading in the red as UK’s retail sales data disappoints.

Sensex, Nifty indexes at the close today

 

At the close, the Nifty index declined 69.75 points or 0.40 percent and closed at 17153 levels while Sensex was down by 233.48 points or 0.41 percent and finished at 57362.20 levels. The Bank Nifty index ended lower by 117 points or 0.33 percent on spot and ended at 35410.10 levels.

The broader markets also fell in line with their larger peers today. The Nifty midcap index was down by 33.80 points or 0.12 percent and closed at 29274.55  levels. The Nifty smallcap index closed lower by 51.20 points or 0.49 percent and finished at 10304.45 levels.

 

Top Nifty gainers and losers

 

The top gainers in the Nifty 50 index were Bajaj Auto, Adani Ports, JSW Steel, Dr. Reddy’s Lab, and SBI whereas the top losers were Titan, Tech Mahindra, Maruti Suzuki, Cipla, and IOC

The top gainers in the Nifty midcap index were Container Corp, Tata Elxsi, and Dhani Services, and the top losers were Ajanta Pharma, ICICI Securities, and Escorts

The smallcap top gainers were HEG, Future Retail, and Engineers India, and the top losers were Century Polyboard, GNFC, and Wockhardt

The most active stocks in the Nifty index in terms of value were Reliance, HDFC Bank, and JSW Steel. The most active stocks in terms of volume were ITC, JSW Steel, and ICICI Bank.

On a sectoral front, the Realty, PSU Bank, Metal, Media, and Oil & Gas were closed marginally higher today. The sectors that dragged the market  were Consumer Durable, IT, FMCG, Auto and Banking

 

You may also like to read,   Stock Market Prediction Next Week (21 – 25 March 2022)

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Happy Investing!!

Editorial desk