Sensex and Nifty index snap 8-day winning streak today
Sensex and Nifty index today: Indian stock market indexes opened lower on Friday amid negative cues from the Asian markets. The Nifty index today opened at 18752.40 levels, down by 60.1 points while Sensex made a negative opening of 305.61 points at 62978.58 levels. The Sensex and Nifty indexes remained under the grip of bears and later closed in the red today.
Stock market news and updates today
The domestic market sentiments were downbeat on the back of negative cues from other Asian markets along with heavy selling at Auto, Financial Services, and Energy counters. The markets sentiments remained pessimistic, amid a private report stating that India’s current account deficit (CAD) may shoot up in the July-September quarter (second quarter, or Q2) of 2022-23 (FY23), with the net export ratio touching a fresh nine-year low at 5.89 percent of gross domestic product (GDP) in the second quarter.
Traders were also concerned with another private report stating that the protests in China against the restrictions under its Zero-Covid policy could impact India`s consumer goods including gold, electronics, and engineering goods. The fall in demand due to the lockdown as well as disruption in the supply of inputs from China may impact several sectors.
On the global front, the other Asian markets were closed in the red on Friday tracking negative cues from the US markets. European stock markets indexes are mostly trading in the red as mining stocks are trading lower following the weak cues from Asian markets and ahead of the US monthly job data.
Sensex and Nifty index at the close today
The Nifty 50 index was down by 116.40 points or 0.62 percent and closed at 18696.10 levels while the Sensex declined 415.69 points or 0.66 percent and finished at 62868.50 levels. The Bank Nifty index closed lower by 156.90 points or 0.36 percent on the spot level and ended at 43103.75
The broader markets outperformed the benchmarks today. The Nifty midcap index gained 283 points or 0.88 percent and closed at 32566.85 levels. The Nifty smallcap index was up by 60.55 points or 0.60 percent and closed at 10079.95 levels.
Nifty 50 index top gainers and losers today
The top gainers in the Nifty 50 index were Apollo Hospital, Tech Mahindra, Tata Steel, Grasim, and Dr. Reddy’s lab and the top losers were Eicher Motors, M&M, Tata Cons Product, HUL, and Hero Motocorp
The top gainers in the Nifty midcap index were BHEL, Varun Beverages, and AB Capital and the top losers were Ashok Layland, Syngene Intl, and Escorts Kubota
The smallcap top gainers were Radico Khaitan, Sequent Scientific, and JK Lakshmi Cement while the top losers were Cyient, IRB Infra, and Sunteck Realty.
The most active stocks in the Nifty index in terms of value were Reliance, ICICI Bank, and Bajaj Finance The most active stocks in terms of volume were Tata Steel, ONGC, and ICICI Bank
On the sectoral front, Media, Realty, PSU Bank, and Metals were closed in the green while Auto, Financial Services, FMCG, and Banking were closed in the red today.
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