Nifty holds 17850 levels, Sensex down 123 pts today

February 10, 2023 admin

Sensex and Nifty at the close today: Indian stock market indexes traded below their neutral lines throughout the day and later closed marginally lower. The Nifty 50 index closed lower by 36.95 points or 0.21 percent and closed at 17856.50 levels while the Sensex was down by 123.52 points or 0.20 percent and finished at 60682.70 levels. The Bank Nifty index ended flat to positive, up only 5.10 points on the spot level, and closed at 41559.40

The broader markets outperformed the frontline index today, as the Nifty midcap index was up by 72.80 points or 0.24 percent and closed at 31029.45 levels. The Nifty smallcap index closed higher by 51.35 points or 0.54 percent at 9526.40 levels.

Nifty index top gainers and losers today

The top gainers in the Nifty 50 index were Tata Motors, UPL, Cipla, Hero Motorco, and Larsen and the top losers were Adani Enterprise, HCL Tech, Hindalco, Tata Steel, and Coal India

The top gainers in the Nifty midcap index were Aurobindo Pharma, Escorts Kubota, and Navin Fluorine and the top losers were Lupin, United Breweries, and Astral Ltd

The smallcap top gainers Carborundum, Delta Corp, and Kaeri Seed were while the top losers were Lux Industries, Fine Organics, and PNB Housing Fin

The most active stocks in the Nifty index in terms of value were Adani Ent, Reliance, and Bajaj Finance. The most active stocks in terms of volume were Tata Steel, Tata Motors, and SBI

On the sectoral front, Realty, PSU Bank, Media, and Auto closed higher. The sectors that closed in the deep red were Metals, Oil & Gas, FMCG, and IT

Global stock market updates

Most of the Asian stock market indexes closed lower on Friday, tracking negative cues from Wall Street overnight. Markets were downbeat despite China’s inflation data in January being cooler than expected. The consumer price index rose 2.1% as compared to the previous year, and the expectation was 2.2%.

The Japanese wholesale price rose 9.5% in January, from the previous year, slightly lower than the revised figure recorded in the previous month. The Central Bank of Australia hinted that the interest rate will further hike due to higher inflation.

European stock markets are trading lower following the negative cues from Wall Street and Asian market peers. The latest data showed that the UK narrowly avoided a technical recession at the end of last year.

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Editorial desk