Nifty end below 17950; Sensex down 317 pts today

 

Sensex & Nifty at close: Indian stock markets traded in the negative territory due to the lack of any positive trigger that could lift the indices higher. The market sentiments were largely dampened due to higher PPI inflation data released in the US overnight and followed by hawkish Fed remarks to become aggressive in the next meeting worried investors.

The Nifty 50 index closed lower by 91.65 points or 0.51 percent and closed at 17944.20 levels while the Sensex was down by 316.94 points or 0.52 percent and finished at 61002.57 levels. The Bank Nifty index ended in the red, down by 499.60 points or 1.20% on the spot level, and closed at 41631.35 levels

The broader markets closed lower almost in line with their larger peers today, as the Nifty midcap index was down by 244.45 points or 0.79 percent and closed at 30642.05 levels. The Nifty smallcap index closed lower by 53.95 points or 0.57 percent at 9417.55 levels.

 

Nifty top gainers & losers

 

The top gainers in the Nifty 50 index were Larsen, BPCL, Ultratech Cement, Asian Paints, and Coal India and the top losers were Adani Enterprise, Nestle, IndusInd bank, SBI Life, and HDFC Life

The top gainers in the Nifty midcap index were Adani Wilmar, Guj State Petro, and Prestige Estate and the top losers were IPca Labs, Vodafone Idea, PB Fintech

The smallcap top gainers were Shilpa, Spice Jet, and BASF while the top losers were Karur Vysyam Icron International and Alok Industries

The most active stocks in the Nifty index in terms of value were Reliance, Adani Enter, and ICICI Bank. The most active stocks in terms of volume were Tata Steel, ONGC, and SBI

On the sectoral front, barring Oil & Gas all other sectoral indices closed in the red, sectors closed in the deep red were PSU Bank, Realty, Pharma, IT, and Banking

 

Global stock market updates

 

On the global front, Asian stock market indexes mostly closed in the red on Friday following Wall Street overnight, as the monthly Producer Price Index (PPI)accelerated in January. The sentiments become more downbeat after two Fed officials made hawkish comments and indicated more aggressive interest rate hikes in March. European stock markets are trading lower as investors digested US PPI and jobs data that increased expectations of more interest rate hikes this year.

 

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Happy Investing!!

Editorial desk