The markets closed Thursday’s session on a lower note, snapping the winning streak of six consecutive sessions. The markets started the session on a flat note with a negative bias and extended the sell-off in the later hours. The Nifty 50 closed the session 253 points or 1.01% lower at 24,888.20, the Sensex fell 823 points or 1% to end at 81,692.
The banking stocks were in line with the overall market, the Nifty Bank lost 377 points or 0.67% to end at 56,083.
The BSE Midcap inched down 705 points or 1.52% to 45,827. On the other hand, the BSE Smallcap remained steady, surging 750 points or 1.38% to 53,531.47.
“Consolidation in domestic markets is evolving into a broad-based trend, now extending to large-cap stocks. Valuation concerns and rising oil prices—driven by Middle East tensions—are fuelling risk aversion among investors. IT, metals, and auto sectors have mostly underperformed,” said Vinod Nair, Head of Research at Geojit Investments.
5 big highlights from today’s market action-
Indices in intraday trade
The indices closed Thursday’s session on a negative note. During the session, the Nifty 50 fell as much as 1.25%, while the 30-stock index, Sensex, fell just 1.2%.
Top losers
The shares of Tata Motors were the biggest losers in today’s trade. It was followed by Titan, Trent, Shriram Finance, Coal India, and many others.
Top gainers
Meanwhile, Apollo Hospitals was the top gainer in the Nifty 50 in Thursday’s session, closing 0.90% higher. It was followed by Asian Paints, Bajaj Finserv, Dr Reddy’s Lab, and Tech Mahindra.
Best and worst performing business groups
The Nagarjuna Group’s market capitalisation has risen the most in Thursday’s trade, gaining 4.2%. In the list of Nagarjuna Group stocks, NACL Industries surged the most, gaining 5%. Nagarjuna Group was followed by Future Group, whose market cap increased by almost 1.2%, Essel’s market cap increased by 1.16%, and others. However, the KK Birla Group’s market cap declined the most, falling 3.42%.
This is a developing story, more details are being added. Please watch the space for updates.
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