Sensex, Nifty ends lower as IT, FMCG and Banks drag
Sensex and Nifty Today: Indian stock market indexes opened in the deep red on Wednesday amid negative cues from the global markets. The Nifty index opened at 15701.70 levels, down by 148.5 points while Sensex made a gap down opening of 543.39 points at 52623.15 levels. The benchmark indices erased all their intraday losses by the afternoon session and turned positive, later in the last hour markets turned negative and closed lower..
Stock Market News and Updates Today
The market sentiments were downbeat due to the negative cues from Wall Street and the surge in crude oil prices overnight. The continued selling pressure by the FIIs also weighed on market sentiments, as FIIs sold shares worth Rs 1244.44 crore on Tuesday.
Some cautiousness also came in with a private report that the prices of selected varieties of pulses have started rising in the past few days due to a delay in the onset of the southwest monsoon over major growing regions of MP, Maharashtra, and Gujarat.
Meanwhile, a NITI Aayog report has underlined the need for technological improvisation and other incentives to promote electric two-wheeler in the country. In the afternoon session, the key indices were trading almost flat looking for a direction on either side.
On the global front, Asian markets were closed in the red following the broadly negative cues overnight from Wall Street, after weak US consumer confidence data. Investors now started fearing that higher interest rates and rising inflation could trigger a recession.
Sensex and Nifty at the close today
The Nifty index declined by 32.95 points or 0.21 percent and closed at 15799.10 levels while Sensex was down by 134.31 points or 0.25 percent and finished at 53026.97 levels. The Bank Nifty index ended lower today by 541.35 points or 1.60 percent on the spot level and ended at 33269.90
The broader markets closed lower in line with their leather peers, as the Nifty midcap index declined by 41.10 points or 0.15 percent and closed at 26672.15 levels. The Nifty smallcap index closed lower by 77.40 points or 0.90 percent and finished at 8484.30 level
Nifty top gainers and losers today
The top gainer in the Nifty50 index was ONGC, NTPC, Reliance, Coal India, and Sun Pharma whereas the top loser was HDFC Life, HUL, Apollo Hospital, Axis Bank, and Tata Consumer Products.
The midcap top gainers were Dhani Services, Oil India, and Trent and the top losers were RBL Bank, Escorts Kubota, and Max Financial
The top gainers in the Nifty smallcap index were EID Parry, APL Apollo, and Alok Industries and the top losers were Route, FRD, and KEC Intl
The most active stocks in the Nifty index in terms of value were Reliance, ONGC, and As=xis Bank. The most active stocks in terms of volume were ONGC, NTPC, and Power Grid.
On a sectoral front, the OIl &Gas, Metal, Auto, and Realty indices were closed higher today. The sectors that closed in the red were IT , FMCG, Banks, and Financial Services
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