Stock Market Today 19 Aug 2022: Sensex, Nifty end in the red
Stock Market Today 19 Aug 2022: Indian stock markets opened slightly higher on Friday amid mixed cues from other Asian market peers. Nifty today opened at 17966.55 levels up by 10.05 points while Sensex made a positive opening of 53.23 points at 60351.23 levels. Indian markets fell sharply in the late morning due to profit booking and closed in the deep red.
Stock Market News and Updates Today 19 Aug 2022
Heavy selling pressure was witnessed in the Indian stock markets mainly in Realty and PSU Bank counter. The market sentiments were downbeat as India Ratings and Research report stated that the Indian manufacturing sector, which received a fillip in FY22 due to export growth, is likely to be hit by a slump in foreign trade activity in FY23.
Traders were also worried as FIIs stood as the net seller in the equity cash segment, as they offloaded shares worth Rs 1706 crore on Thursday as per the exchange data showed. The Indian stock markets traded lower due to a lack of global market support today.
On the global front, Asian markets were mostly closed in the red despite positive cues from the US markets overnight. European markets are trading mostly in the red on slowdown fear and as investors assessing an unexpected rise in UK retail sales and German producer prices.
Nifty 50 and Sensex at the close today
The Nifty 50 index was down by 198.05 points or 0.1.10 percent and closed at 17758.45 levels while the Sensex declined by 651.85 points or 1.08 percent and finished at 59646.15 levels. The Bank Nifty index ended lower today by 670.20 points or 1.69 percent on the spot level and ended at 38985.95
The broader markets underperformed as compared to the benchmarks, as the Nifty midcap index was down by 455.20 points or 1.45 percent and closed at 31005 levels. The Nifty smallcap index closed lower today by 116 points or 1.21 percent at 9457.80levels.
Nifty top gainers and losers today
The top gainers in the Nifty 50 index were Adani Ports, Larsen, Infosys, Eicher Motors, and Bajaj Auto whereas the top losers were IndusInd Bank, Bajaj Finserve, Apollo Hospital, Tata Motors, and Tata Consumer Product.
The midcap top gainers were Dhani Services, Emami, and Zee Entertainment and the top losers were Varun Beverages, Tata Elxsi, and Trent.
The top gainers in the Nifty smallcap index were Wockhardt, TV18 Broadcast, and Sterlite Techno and the top losers were PVR, Mazgaon Dock, and CAMS.
The most active stocks in the Nifty index in terms of value were Adani Port, Reliance, and Bharti Airtel The most active stocks in terms of volume were Tata Steel, ONGC, and Adani Ports
On the sectoral front, barring IT all other sectors closed lower today. The sectors that dragged the markets were PSU Bank, Realty, and Nifty Bank, and Financials.
If you like the post “Stock Market Today 19 Aug 2022: Sensex, Nifty end in the red ” please share it with others.
You may also like to read, Best Stock Market Apps- Must Read Review 2021
Must read before opening Demat & Trading account online
Happy Investing!!
Editorial desk
