Sensex, Nifty ends lower today, top gainers and losers
Sensex and Nifty Today- Top gainers and Losers: Indian stock markets opened a gap down on Friday following negative cues from the Asian markets. Nifty today opened at 17242.75 levels, down by 149.85 points while Sensex made a gap down opening of 379.73 points at 57531.95 levels. Indian market indexes traded negatively throughout the day and later extended their losses in the last hour.
Stock Market News Today
Soon after opening a gap down, the domestic markets tried to recover their losses in the late morning session. Losses got trimmed, as the RBI data showed that bank credit grew by 10.9 percent to Rs 119.88 lakh crore and deposits by 10.06 percent to Rs 167.42 lakh crore in the fortnight ended on April 8.
However, negative cues from other Asian markets kept Indian equity markets in red terrain throughout the day. Traders were cautious by the hawkish comment made by the Fed’s chair Jerome Powell regarding aggressive rate hikes in the next meeting scheduled in May to curb inflation.
On the global front, the other Asian markets mostly closed in the red as sentiments got hit due to the continued lockdown in China’s important cities. Traders are now concerned about its impact on the economic growth of 2nd largest economy in the world. European markets are trading in the red as US Fed Chairman Jerome Powell suggested a 50-basis-point rate increase “will be on the table” when the bank meets on May 3-4. The sharper than expected UK retail sales also dented European markets.
Nifty and Sensex indexes at the close today
At the close, the Nifty index declined 220.65 points or 1.27 percent and closed at 17171.95 levels while Sensex was down by 714.53 points or 1.23 percent and finished at 57197.15 levels. The Bank Nifty index ended lower today by 771.35 points or 2.10 percent on spot and ended at 36044.75 levels.
The broader markets were closed in the red today. The Nifty midcap index declined by 287.45 points or 0.94 percent and closed at 30315.85 levels. The Nifty smallcap index closed lower by 33.85 points or 0.32 percent and finished at 10537.20 levels.
Top Nifty gainers and losers today
The top gainers in the Nifty 50 index were Adani Ports, M&M, Bharti Airtel, Maruti Suzuki, and ITC whereas the top losers were Hindalco, HUL, Cipla, SBI, and IndusInd Bank
The top gainers in the Nifty midcap index were Bombay Burmah, Tata Elxsi, and Mind Tree and the top losers were Polycab, AU Small Finance, and Shriram Trans
The smallcap top gainers were Sterlite Tecno, Cyient, and Bharat Dynamics and the top losers were Rallies India, Aegis Logistics, and Hind Copper
The most active stocks in the Nifty index in terms of value were Reliance, Adani Ports, and HDFC Bank The most active stocks in terms of volume were Coal India, Hindalco, and Adadi Port
On a sectoral front, all other sectoral indices closed lower today. The sectoral indices that drag the markets were Banking, Metal, Financial Services, Pharma, and Realty.
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