Indian equity benchmarks closed Thursday’s trade on a lower note, with all the frontline indices finishing the day in the red. The Nifty 50 ended the day 88 points or 0.34% lower at 25,510, and the Sensex declined 148 points or 0.18% to end at 83,311.
The banking stocks were in line with benchmarks. The Nifty Bank settled 273 points or 0.47% lower at 57,554. The midcap stocks also slipped in today’s trade. The BSE Midcap pulled back 563 points, or 1.19%, at 46,650.61. The BSE Smallcap finished 825 points or 1.53% lower at 53,057.
“Volatility dominated the domestic market, with broad-based profit booking seen amid continued FII outflows, despite a supportive Asian market. Early optimism from the inclusion of four Indian companies in the MSCI Global Standard Index and strong U.S. macro data was offset by weak domestic PMI readings, indicating softening sentiment,” said Vinod Nair, Head of Research at Geojit Investments.
Big highlights from today’s market action-
Indices in intraday trade
The indices closed the trade on a negative note. During the session, out of 3,195 trading stocks, 795 advanced, while 2,304 declined, and 96 remained unchanged. Today, 51 stocks hit a fresh 52-week high. Meanwhile, 144 stocks touched a new 52-week low.
Top gainers
Asian Paints was the top gainer in the Nifty 50 in Thursday’s session, closing 4.6% higher. It was followed by Reliance Industries, UltraTech Cement, Mahindra & Mahindra, and Wipro.
Top losers
Grasim Industries’ shares were the biggest losers in today’s trade, declining 6.4%. It was followed by Hindalco, Adani Enterprises, Power Grid Corp, and Eternal (Zomato) were the only losers.