Nifty holds 17500 levels, Sensex down 143 pts today
Closing Bell: Nifty holds 17500 levels, Sensex down 143 pts today, 4 Feb 2022
Indian stock markets opened in the green on Friday amid positive cues from the other Asian markets. The key indices immediately turned red and traded below their neutral lines. The Nifty index opened at 17590.20 levels, up by 30 points while Sensex made a positive opening of 130.63 points at 58918.65 levels today.
Indian stock market news today
Indian markets traded volatile in a short range today, buying in Metals, IT and FMCG stocks aided the market sentiments whereas Nifty Realty, Media, and PSU banking stocks tried to drag down the markets. Traders took note of a private report that the Monetary Policy Committee (MPC) may go for a hike of up to 0.25 percent in the reverse repo rate at which the RBI absorbs excess liquidity and leave the repo rate at which it lends to narrow the policy rate corridor.
Meanwhile, FMCG stocks are trading in the green as the Economic Times reported that the country’s FMCG market grew 10 percent YoY in January 2022. As per the report, this is largely due to increased grocery and essential consumption during the third Covid-19 wave in the country.
On the global front, Asian markets closed higher despite weakness on Wall Street, as traders looked ahead to the release of the Labour Department’s closely watched monthly jobs report later during the day. Asian markets like Shangai and Taiwan remained closed for the Lunar New Year holidays. European markets are trading mixed on Friday on the back of better than expected results from Amazon and firmer oil stocks.
Sensex and Nifty at the Close
At the close, Nifty was down by 43.90 points or 0.25 percent and closed at 17516.30 levels while Sensex declined by 143.20 points or 0.24 percent and finished at 58644.82 levels. The Bank Nifty index closed lower by 220.65 points or 0.57 percent on spot and ended at 38789.35 levels.
The broader markets underperformed the benchmark indices today. The Nifty midcap index was down by232.35 points or 0.76 percent and closed at 30441.55 levels. The Nifty smallcap index closed lower by103.85 points or 0.92 percent and finished at 11197.40 levels.
Top Nifty Gainers and Losers
The top gainers in the Nifty 50 index were Hindalco, ONGC, Sun Pharma, Asian Paints, and Divis Labs whereas the top losers were Hero Motorcorp, SBI, NTPC, M&M, and HDFC Life.
The top gainers in the Nifty midcap index were Torrent Power, Chola Invest, PI Industries, and the losers were Godrej Properties, Prestige Estate, and M&M Financial
The top gainers in the Nifty smallcap index was Hind Copper, Lux Industries, and Fine Organics the losers were Radico Khaitan, Amber Enterprise, and Firstsource Sol.
The most active stocks in the Nifty index in terms of value were SBI, ITC, and Reliance The most active stocks in terms of volume were ITC, SBI, and ONGC.
On a sectoral front, except for Metals, IT, and FMCG, all other sectoral indices closed in the red today. The sectors that dragged the markets were Auto, Realty, PSU Banking, Media, and Financial Services.
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