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MARKETS: Sensex falls 150 points, Nifty holds 17,250; IT stocks drag
Stock market LIVE: In the broader markets, the BSE MidCap and SmallCap indices were also in the negative territory, down 0.4 per cent each.
Topics
MARKET LIVE | Markets | Nifty
SI Reporter |
Last Updated at February 18, 2022 09:33 IST
EVENT HIGHLIGHTS
Opening Bell
LIVE market updates: In tandem with the bearish global cues on the rising Russian-Ukraine conflict, the domestic benchmark indices started trade lower for a third session. The BSE Sensex was down 133 points at 57,759 and the NSE Nifty was at 17,246, lower by 58 points.
Among the Sensex-30 constituents, NTPC, Maruti, M&M, Tata Steel, L&T, PowerGrid, IndusInd Bank and SBI were the top gainers, trading up between 0.4-1 per cent. On the Nifty, Coal India, UPL were the additional gainers, up 2 per cent and 1 per cent, respectively.
On the downside, Cipla, Wipro, Tech M, Nestle, Infosys, HCL Tech, Ultratech Cement, HDFC Bank, TCS, Asian Paints, meanwhile, were the top losers, down up to 1 per cent.
On the downside, Cipla, Wipro, Tech M, Nestle, Infosys, HCL Tech, Ultratech Cement, HDFC Bank, TCS, Asian Paints, meanwhile, were the top losers, down up to 1 per cent.
In the broader markets, the BSE MidCap and SmallCap indices were also in the negative territory, down 0.4 per cent each. The volatility index climbed 5 per cent as investors grew jittery.
Sectorally, the Nifty Metals index was the top outlier, trading 0.64 per cent up, followed by Nifty PSU Bank, Auto and Realty, all marginally higher. On the other hand, Nifty IT index was the top loser, down 0.7 per cent in line with its US peer tech heavy-Nasdaq index's fall on Thursday.
Among stocks, Torrent Power was up 1.25 per cent on the BSE as rating agency CRISIL has upgraded the long term credit rating of non-convertible debentures and long term bank facilities of the company to 'AA+/Stable' from 'AA/Positive' considering continued strong profitability and sustained improvement in the leverage levels. CRISIL has also reaffirmed its rating on the short-term bank facilities and commercial paper programme at 'A1+'. Sectorally, the Nifty Metals index was the top outlier, trading 0.64 per cent up, followed by Nifty PSU Bank, Auto and Realty, all marginally higher. On the other hand, Nifty IT index was the top loser, down 0.7 per cent in line with its US peer tech heavy-Nasdaq index's fall on Thursday.
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