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Nifty closes in red for 5th consecutive session; Asian Paints, L&T drag most
02:59 Min | February 23, 2023, 7:57 PM IST
While Sensex declined 139 points or 0.23% to settle at 59,605.80, Nifty fell 43 points or 0.25% to end at 17,511.
Transcript
Hi everyone, I am Neha Vashishth and you're listening to ETMarkets Watch - your daily market wrap-up!
Indian equity indices ended in the red for the fifth consecutive day in a highly volatile market on Thursday after the minutes from the Federal Reserve meeting revealed that nearly all policymakers favoured a smaller interest rate hike.
While Sensex declined 139 points or 0.23% to settle at 59,605.80, Nifty fell 43 points or 0.25% to end at 17,511.
In the Sensex pack, Asian Paints, L&T, Titan, IndusInd Bank and Bharti Airtel were the top laggards, falling about 1-3% each. On the flip side, Axis Bank, SBI, Tata Motors, Tata Steel and ITC closed with gains.
Now shifting focus on the Adani stocks, the stocks continued to be under selling pressure with 8 out of 10 counters in the red zone. Adani Green Energy, Adani Power, Adani Total Gas, and Adani Transmission ended with a 5% lower circuit.
Sector-wise, Nifty Realty fell 1.78% and Nifty Media declined 1.77%, whereas, PSU banks, FMCG and metal stocks closed higher. In the broader market, Nifty Midcap50 dropped 0.14%, while Smallcap50 rose 0.40%.
Now, let's come to the global markets, global stock markets were mixed Thursday after notes from a Federal Reserve meeting showed officials expect more US interest rate hikes to fight stubborn inflation.
In Asia, the Shanghai Composite Index lost 0.5% to 3,276 and the Hang Seng in Hong Kong fell 0.5% to 20,323. The Kospi in Seoul rose 1% to 2,442 after South Korea's central bank left its key lending rate unchanged.
Brent crude futures rose 41 cents, or 0.5%, to $81.01 per barrel. West Texas Intermediate crude futures (WTI) advanced 38 cents, also 0.5%, to $74.33.
In the end, let's talk about the Rupee.
Rupee rose against the dollar, finished at 82.73 per dollar, compared with 82.85 in the previous session, which was its weakest closing level so far this month.
That's all for now, I'll see you tomorrow with the freshest updates from the world of stock market. Don't forget to check out ETMarkets.com for all the news, market analysis, investment strategies and dozens of stock recommendations. Enjoy your evening!
Indian equity indices ended in the red for the fifth consecutive day in a highly volatile market on Thursday after the minutes from the Federal Reserve meeting revealed that nearly all policymakers favoured a smaller interest rate hike.
While Sensex declined 139 points or 0.23% to settle at 59,605.80, Nifty fell 43 points or 0.25% to end at 17,511.
In the Sensex pack, Asian Paints, L&T, Titan, IndusInd Bank and Bharti Airtel were the top laggards, falling about 1-3% each. On the flip side, Axis Bank, SBI, Tata Motors, Tata Steel and ITC closed with gains.
Now shifting focus on the Adani stocks, the stocks continued to be under selling pressure with 8 out of 10 counters in the red zone. Adani Green Energy, Adani Power, Adani Total Gas, and Adani Transmission ended with a 5% lower circuit.
Sector-wise, Nifty Realty fell 1.78% and Nifty Media declined 1.77%, whereas, PSU banks, FMCG and metal stocks closed higher. In the broader market, Nifty Midcap50 dropped 0.14%, while Smallcap50 rose 0.40%.
Now, let's come to the global markets, global stock markets were mixed Thursday after notes from a Federal Reserve meeting showed officials expect more US interest rate hikes to fight stubborn inflation.
In Asia, the Shanghai Composite Index lost 0.5% to 3,276 and the Hang Seng in Hong Kong fell 0.5% to 20,323. The Kospi in Seoul rose 1% to 2,442 after South Korea's central bank left its key lending rate unchanged.
Brent crude futures rose 41 cents, or 0.5%, to $81.01 per barrel. West Texas Intermediate crude futures (WTI) advanced 38 cents, also 0.5%, to $74.33.
In the end, let's talk about the Rupee.
Rupee rose against the dollar, finished at 82.73 per dollar, compared with 82.85 in the previous session, which was its weakest closing level so far this month.
That's all for now, I'll see you tomorrow with the freshest updates from the world of stock market. Don't forget to check out ETMarkets.com for all the news, market analysis, investment strategies and dozens of stock recommendations. Enjoy your evening!
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