Sensex declines by 8 points In volatile trading, Nifty ends below 15,800
In the midst of conflicting cues from the Asian markets, Indian equities indexes fell for the second straight session on Thursday during late deals.
In the midst of conflicting cues from the Asian markets, Indian equities indexes fell for the second straight session on Thursday during late deals. Furthermore, on concerns about a recession, U.S. stock futures declined in early trade today.
The domestic indices swung between gains and losses during intraday trading as June series futures and options (F&O) contracts came to an end.
The broader NSE Nifty dropped 19 points or 0.12% to conclude at 15,780, while the 30-share BSE Sensex slipped 8 points or 0.02 percent lower to close at 53,019 today.
The Nifty Midcap 100 fell 0.82%, and small-cap shares down 0.46%, as mid- and small-cap equities concluded on a shaky note.
The National Stock Exchange’s 15 sector gauges, which it compiled, finished in the red in 11 of them. The NSE platform underperformed the sub-indices Nifty Auto, Nifty IT, and Nifty Metal, which saw declines of 1.26 percent, 1.05 percent, and 1.99 percent, respectively.
Nifty Bank and Nifty Financial Services, however, demonstrated strength by increasing by 0.47 and 0.46 percent, respectively.
The top Nifty loser in terms of individual stocks was Eicher Motors, whose share price fell by 3.55 percent to 2,784.05. Laggards included Cipla, BPCL, JSW Steel, and Shree Cement.
1,377 shares increased and 1,899 declined on the BSE, resulting in a negative market breadth overall.
Tech Mahindra, Bajaj Finance, Bajaj Finserv, Tata Steel, IndusInd Bank, HCL Tech, M&M, Nestle India, UltraTech Cement, Wipro, TCS, and Maruti were some of the major losers on the 30-share BSE index.
Zomato, a company that delivers food, fell 5.93% to end at 53.90. Paytm, a provider of digital payments, increased 4.24 percent to close at 675.80.
Additionally, shares of Life Insurance Corporation of India (LIC), the largest domestic financial investor and insurer in the nation, declined 0.78 percent to close at 673.60 rupees.
Axis Bank, SBI, Kotak Mahindra Bank, NTPC, L&T, Reliance Industries, ICICI Bank, and Titan, on the other hand, all came out in the black.