Nifty ends below 17K, Sensex down 398 pts all sectors in the red

 

Sensex & Nifty 50 at close: Indian stock market indexes closed lower after a volatile session on Friday amid negative cues from Asian market peers. The market sentiments were also dampened as the Finance Ministry has hiked Securities Transaction Tax (STT) up to 25% on the sell side in the F&O segment.

The Nifty 50 index closed lower by 131.85 points or 0.77 percent and closed at 16945.05 levels while the Sensex was down by 398.18 points or 0.69 percent and finished at 57527.10 levels. The Bank Nifty index ended lower by 221.55 points or 0.56 percent on the spot level and closed at 39395.35 levels

The broader markets underperformed the frontline indexes today, as the Nifty midcap index was down by 351.25 points or 1.17 percent and closed at 29565.45 levels. The Nifty smallcap index closed lower by 151.60 points or 1.67 percent at 8923.90 levels.

 

Nifty 50 top gainers & losers 

 

The top gainers in the Nifty 50 index were Cipla, Kotak Bank, Infy, Dr, Reddy, and Apollo Hospital and the top losers were Bajaj Finance, Adani Enterprise, Tata Steel, Hindalco, and Adani Port.

The top gainers in the Nifty midcap index were Aurobindo Pharma, Tube Investment, and Patanjali Foods and the top losers were AB Capital, JSW Energy, and LIC HSG Fin

The smallcap top gainers were Cyient, Aegis Chemical, and Redington while the top losers were Campus, Network 18, and Medplus

The most active stocks in the Nifty index in terms of value were HDFC Bank, ICICI Bank, and Reliance The most active stocks in terms of volume were Tata Steel, ICICI Bank, and HDFC Bank 

On the sectoral front, all sectoral indices were closed in the red, the sectors that dragged down the markets were Metals, Realty, PSU Bank, and Media

 

Global stock market updates

 

On the global front, Asian markets were mostly closed lower on Friday despite positive cues from Wall Street as investors confused the two different comments from the US Treasury Secretary Janet Yellen regarding the regional banking crisis.

All major Asian stock market indexes including Shanghai, Nikkei, and Hang Seng closed lower on the last day of the week. The latest data showed Japan’s core inflation comes in at 3.1% for February, marking the first time in 14 months that the pace of inflation has slowed. European stock markets are also trading sharply lower following the negative cues from Asian peers.

 

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You may also like to read,  Stock Market Prediction Next Week (20-24 March 2023)

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Happy Investing!!

Editorial desk