Nifty holds 17400, Sensex down 671 pts, Bank stocks drag

 

Sensex & Nifty 50 at close: The Indian stock market indexes fell sharply on Friday amid weak global. Investors were cautious ahead of the US -non-farm payroll data, which is due later in the day. Some cautiousness was also seen on the domestic front, as IIP data is expected after the market and inflation data on Monday.

The Nifty 50 index closed lower by 176.70 points or 1 percent and closed at 17412 levels while the Sensex was down by 671.15 points or 1.12 percent and finished at 59135.13 levels. The Bank Nifty index ended lower by 771.30 points or 1.87 percent on the spot level and closed at 40485.45 levels

The broader markets also ended lower today, as the Nifty midcap index was down by 231.20 points or 0.75 percent and closed at 30717.45 levels. The Nifty smallcap index closed lower by 83.95 points or 0.89 percent at 9326.95 levels.

 

Nifty 50 top gainers & losers 

 

The top gainers in the Nifty 50 index were Tata Motors, NTPC, Maruti, Britannia, and BPCL and the top losers were Adani enterprise, HDFC Bank, Apollo Hospital, HDFC, and IndusInd Bank

The top gainers in the Nifty midcap index were Dixon, Balkrishna Industries, and Policy Bazar and the top losers were Polycab, Adani Wilmar, and TTML 

The smallcap top gainers were MRPL, Route, and Angel One  while the top losers were Delta Corp, Intellect, and Suzlon

The most active stocks in the Nifty index in terms of value were HDFC Bank, Adani Enterprise, and ICICI Bank. The most active stocks in terms of volume were Tata Steel, ICICI Bank, and HDFC Bank

On the sectoral front, barring Consumer Durables and FMCG  all other sectoral indices closed in the red today. The sectors that dragged down the markets were PSU Bank, Banking, Financial, Realty, and Metal

 

Global stock market updates

 

On the global front, Asian markets closed sharply lower on Friday tracking the negative cues from Wall Street overnight. Investors preferred to remain sidelined ahead of February non-farm payrolls report from the US, which could further determine the direction of the Federal Reserve’s rate hikes decisions. 

The key Asian stock market indexes fell 1-3% today. Japan’s Nikkei fell more than 1 percent despite the Bank of Japan keeping its ultra-loose monetary policy, as widely expected. European stock market indexes are also trading in the deep red, as the banking stocks tumble, following the negative sentiments from Wall Street overnight.

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Happy Investing!!

Editorial desk