Sensex, Nifty end in the red despite optimistic start today
Closing Bell: Sensex, Nifty end in the red despite optimistic start today, 23 Feb
Sensex, Nifty Today 23 Feb 2022: Indian stock markets made an optimistic start on Wednesday tracking the other Asian market cues. The Nifty today opened at 17194.50 levels, up by 102.3 points while Sensex made a positive opening of 332.26 points at 57632.94 levels. The markets traded firm throughout the day despite negative cues from Wall Street overnight and later closed in the red due to the last hour sell-off.
Indian stock Market News Today
In the second half, markets trimmed their gains and closed marginally higher on Wednesday. The market sentiments were positive as some support came after the commerce ministry showed the data that the country’s merchandise exports rose by 26.4 percent to $ 25.33 billion for this month till 21 February. The improvement in the data recorded was due to the healthy performance by sectors including gems and jewelry, engineering, textiles, and chemicals. This is as compared to the last year’s export of $20.04 for the same period.
However, the markets got some support after the Russian President says Moscow is ready to look for ‘diplomatic solutions’ with the West over Ukraine. Though, the upside of the markets remained capped as Finance Minister Nirmala Sitharaman said the Russia-Ukraine crisis and the jump in crude prices are a challenge to financial stability in India.
On the global front, the other Asian markets mostly closed in the green today despite the negative cues overnight from Wall Street. European market indexes opened higher and are trading firms as investors tracked the latest development in the Russia-Ukraine crisis.
Indian stock market indexes-Sensex Nifty Today at close
At the close, the Nifty index was down by 28.95 points or 0.17 percent and closed at 17063.25 levels while Sensex declined by 68.62 points or 0.12 percent and finished at 57232.06 levels. The Bank Nifty index closed higher by 20.40 points or 0.05 percent on spot and ended at 37392.05 levels.
The broader markets performed, as the Nifty midcap and smallcap index closed higher today. The Nifty midcap index was up by 182.10 points or 0.64 percent and closed at 28467 levels. The Nifty smallcap index gained by114.30 points or 1.16 percent and finished at 9956.85 levels.
Top gainers and losers
The top gainers in the Nifty 50 index were Kotak Mahindra, Titan Company, IndusInd Bank, Tata Consumer, Maruti Suzuki whereas the top losers were ONGC, Hero Motorcorp, NTPC, Larsen, and JSW Steel.
The Midcap top gainers were CG Consumer, Prestige Estate, Oberoi Realty and the losers were Dhani Services, Gujarat Gas, and Indiabulls Hsg.
The top gainers in the Nifty smallcap index were EID Parry, Future Retail, BEML, and the losers were Bajaj Electric, Kajaria Ceramic, and Aegis Logestics
The most active stocks in the Nifty index in terms of value were Kotak Bank, Infy, and TCS. The most active stocks in terms of volume were ONGC, Tata Motors, and SBI
On a sectoral front, the Realty, PSU Bank, Media, Metals, and Consumer Durables closed in the green The sector that dragged the markets were Auto, Financial Services, and Oil & Gas.
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Editorial desk
