Sensex, Nifty end in the red, smallcap index down 2.73%
Sensex, Nifty end in the red, mid and smallcap index underperforms
Mid and smallcap index underperforms today: Indian stock markets opened lower on Monday amid negative global market cues. The Nifty index opened at 17192.25 levels, down by 84.05 points while Sensex made a negative opening of 281.32 points at 57551.65 levels. The markets erased all early losses and turned positive and later trade volatile today.
Stock Market News
Indian markets were trading volatile on Monday due to the weakness in the global markets. Asian markets were trading in the red in the morning session due to a surge in oil prices and in expectation of rising inflation. The market sentiments were subdued as investors remain cautious with RBI’s data, that the country’s foreign exchange reserve fell by $1.763 billion to $630.19 billion in the week ending 11 February.
However the markets turned positive after Skymet’s report, India’s private weather forecasting solutions company expects the monsoon to be normal this upcoming season, the detailed reports are expected in the month of April 2022. The volatility in the Indian markets continues till the last hours, as Indian key benchmark indices fell again due to the tension between Russia and Ukraine.
On the global front, Asian markets closed in the red today due to concerns about geopolitical tensions. Japan’s Nikkei closed 0.78 percent lower as the factory activity growth reported 5 months low in February as the Jibun Bank flash PMI reports. European markets trim their early gains and are trading mixed at this moment at 3 pm IST. US markets will be closed today due to President Day.
Indian stock market indexes at close
At the close, the Nifty index was down by 69.65 points or 0.40 percent and closed at 17206.65 levels while Sensex declined by 149.38 points or 0.26 percent and finished at 57683.59 levels. The Bank Nifty index closed higher by 86.45 points or 0.23 percent on spot and ended at 37685.60 levels.
The broader markets underperformed today, as the Nifty midcap and smallcap index closed in the deep red. The Nifty midcap index was down by 358.60 points or 1.24 percent and closed at 28575.75 levels. The Nifty smallcap index closed lower by 282.35 points or 2.73 percent and finished at 10048.70 levels.
Top Nifty50, Midcap, Smallcap Indexes gainers and losers
The top gainers in the Nifty 50 index were Wipro, Infosys, Shree Cement, Power Grid, and ICICI Bank whereas the top losers were Coal India, Hindalco, UPL, ONGC, and Adani Ports.
The Nifty midcap gainers were Vodafone Idea, Coforge Ltd, and Federal Bank and the losers were Dhani Services, Indiabulls Hsg, and ICICI Securities.
The top gainers in the Nifty smallcap index were Linde India, Kalpataru Power, and Affle India, and the losers were BEML, TV18 Broadcast, and PNB Housing Finance.
The most active stocks in the Nifty index in terms of value were TCS, Reliance, and Tata Motors. The most active stocks in terms of volume were Tata Motors, SBI, and ITC
On a sectoral front, barring banking and Financials all other sectors closed in the red today. The sector that dragged the markets were Metal, Media, Oil & Gas, Pharma, and Realty
You may also like to read, Trade set up for Monday, 21 Feb 2022- Morning Report
Stock Market Prediction Next Week ( 21 Feb- 25 Feb 2022)
Happy Investing!!
Editorial desk
