Nifty holds 16400 levels,Top gainers & losers today
Sensex and Nifty- Top gainers and losers today 6 May 2022: Indian equity markets opened a gap-down on Friday amid negative cues from Wall Street overnight and Asian markets in the morning. Nifty today opened at 16415.55 levels down by 267.1 points while Sensex made a negative opening at 54928.20 levels down by 774.03 points. In the end, markets closed in the deep red on Friday.
Stock Market News Today
Bears were holding a tight grip over the Indian markets throughout the day, as Sensex and Nifty traded below their psychological levels due to negative cues from the global markets. Investors got cautious as a private report stated that RBI’s surprising move to hike interest rate is due to fear of shocking inflation numbers in April.
Adding some more worries, India has raised concerns at the World Trade Organisation (WTO) over a host of trade barriers built-in by Indonesia, including export restrictions on palm oil and import curbs on bovine meat and automotive ( auto) parts, holding that such measures have adversely impacted India.
On the global front, other Asian markets were mostly closed in the red tracking negative cues from Wall Street overnight. The sentiments were downbeat as Hong Kong retail sales declined for the second straight month in March. Investors were concerned about rising inflations and economic slowdown in China, the second-largest economy. European markets are trading in the deep red amid concerns about surging inflation and rate hike, investors are now eyeing the latest US payroll data expected later in the day.
Nifty and Sensex indexes at the close today
At the close, the Nifty index declined by 271.40 points or 1.63 percent and closed at 16411.25 levels while Sensex was down by 866.65 points or 1.56 percent and finished at 54835.58 levels. The Bank Nifty index ended lower today by 641.65 points or 1.82 percent on spot and ended at 34591.20 levels.
The broader markets were also closed lower on Friday. The Nifty midcap index was down by 520.15 points or 1.79 percent and closed at 28584.20 levels. The Nifty smallcap index closed lower by 247.95 points or 2.53 percent and finished at 9559.15 levels.
Nifty top gainers and losers today
The top gainers in the Nifty 50 index were Hero Motorcorp, Tech Mahindra, Power Grid, ITC, and ONGC whereas the top losers were Bajaj Finance, Divis Labs, Shree Cements, UPL, Tata Motors,
The top gainers in the Nifty midcap index were Bombay Burmah, Sriram Trans, and Zee Entertainment, and the top losers were Chola Invest, Voltas, and COFORGE Ltd.
The smallcap top gainers were CSB Bank, Linde India, and Quess Corp and the top losers were Dilip Buildcon, Balrampur Chini, and Just Dial
The most active stocks in the Nifty index in terms of value were Reliance, Bajaj Finance, and HDFC Bank The most active stocks in terms of volume were ITC, Tata Motors, and NTPC
On a sectoral front, all sectoral indices closed lower today. The sectoral indices that closed in the deep red were Realty, Financial Servies, IT, Metal, Banks, and Auto
If you like the post “Nifty holds 16400 levels, Top gainers & losers today” please share it with others.
You may also like to read, Share Market Books in Hindi | शेयर मार्किट हिन्दी बुक्स
Free Stock Market Online Courses
Happy Investing!!
Editorial desk
