Nifty end below 17500, Sensex down 142 pts; Metals, Auto drag
Sensex & Nifty at close: Indian stock markets indexes erased all early gains in the late morning session on Friday. The indices extended their losses in the second half and closed in the red for the sixth straight session.
The Nifty 50 index closed lower by 45.45 points or 0.26 percent and closed at 17465.80 levels while the Sensex was down by 141.87 points or 0.24 percent and finished at 59463.93 levels. The Bank Nifty index ended lower by 92.15 points or 0.23 percent on the spot level and closed at 39909.40 levels
The broader markets also closed in the red today, as the Nifty midcap index was down by 62.25 points or 0.21 percent and closed at 30103.40 levels. The Nifty smallcap index closed lower by 15.85 points or 0.17 percent at 9221.80 levels.
Nifty top gainers & losers
The top gainers in the Nifty 50 index were Divis Labs, Adani Ports, Asian Paints, Coal India, Dr. reddy’s Lab, and the top losers were Hindalco, Adani Enterprise, M&M, JSW Steel, and Tata Steel
The top gainers in the Nifty midcap index were PB Fintech, Dixion Technology, and Whirlpool and the top losers were NALCO, Patanjali Foods, and Jindal Foods
The smallcap top gainers were Spice Jet, GNFC, and Alok Industries while the top losers were IRB Infra, NALCO, and Karur Vysya
The most active stocks in the Nifty index in terms of value were HDFC Bank, Adani Enterprise, and Reliance The most active stocks in terms of volume were Tata Steel, ONGC, and ITC
On the sectoral front, Oil and Gas, Pharma, and Consumer Durables closed in the green today. The sectors that closed in the deep red were Metals, PSU Bank, Auto, and Realty.
Global stock market updates
On the global front, Asian markets were closed mixed, as traders remain concerned over the impact of monetary policy tightening after the US Fed’s minutes of the last meeting revealed more rate hikes to tame inflation.
China and Hong Kong closed in the red, but Japan’s Nikkei outperformed after prospective new central bank governor Kazuo Ueda said ultra-low interest rates must be maintained. Gains in technology and exporter stocks supported the Japanese markets despite the domestic inflation hitting the highest in over four decades.
European stock markets are trading higher, as the rally on Wall Street helped to lift sentiment despite a fall in German GDP. The German economy contracted more strongly than expected in the last quarter of 2022.
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