Nifty end below 16300, Sensex sheds 768 today
Closing Bell: Nifty end below 16300, Sensex sheds 768 today as auto, metal index drag: Indian stock market indexes opened a gap down on Friday. The Asian markets opened in the deep red, as the second round of peace talks between Russia-Ukraine failed and the news of the Russian attack at the largest nuclear power station in Ukraine. Nifty today opened at 16339.45, down by 158.6 points while Sensex made a negative opening of 449.05 points at 54653.59 levels.
Indian stock market news today
Indian benchmark indices Sensex and Nifty opened below psychological levels on the back of nervousness among investors globally tacking newsflows on the Russia-Ukraine war. Investors are now worried about the surge in crude oil prices and its impact on economic growth. However, the markets got some support as the country’s Services PMI data stood at 51.8 in the month of February as compared to 51.5 in January due to the openness of business after the third wave of covid.
The continued escalation of the Russia-Ukraine war, soaring crude oil and other commodity prices, continuous selling pressure from FIIs were dampened Indian market sentiments. FIIs sold Rs 6645 crore in the cash sengement yesterday.
On the global front, the major Asian markets indexes closed in the red on Friday as investors closely monitored the development of the Russia-Ukraine war situation. European markets are also trading in the deep red, following reports that Russia had attacked a nuclear power plant in Ukraine
Nifty and Sensex at the close today
At the close, the Nifty index declined by 252.70 points or 1.53 percent and closed at 16245.35 levels while Sensex was down by768.87 points or 1.40 percent and finished at 54333.81 levels. The Bank Nifty index closed lower by 536.50 points or 1.54 percent on spot and ended at 34407.80 levels.
The broader markets also closed lower today in line with their larger peers. The Nifty midcap index was down by585.80 points or 2.08 percent and closed at 27517.10 levels. The Nifty smallcap index closed lower by 176.60 points or 1.78 percent and finished at 9751.95 levels.
Top Nifty gainers and losers
The top gainers in the Nifty 50 index were Dr. Reddys Labs, ITC, Tech Mahindra, Ultratech Cement, and Sun Pharma whereas the top losers were Titan Company, Asian Paints, Maruti Suzuki, Tata Motors, and Hero Motor Corp.
The Midcap top gainers were Adani Total Gas, Guj State Petro, and Mphasis and the top losers were Vodafone Idea, IRCTC, and Aarti Industries.
The top gainers in the Nifty smallcap index was Ceat, Strides Pharma, and HEG, and the top losers were MCX India, Carborundum, Avanti Feeds
The most active stocks in the Nifty index in terms of value were Tata Steel, Asian Paints, and Maruti. The most active stocks in terms of volume were ITC, Tata Motors, and Coal India.
On a sectoral front, barring IT all other sectors closed in the red today The sector that closed in the deep red were Auto, Metals, Realty, Banking, and Financial
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