Business

Sensex Declines 115 Points In Volatile Trade, Nifty Reaches Below 17,500


Sensex and Nifty settled lower in volatile trading today.

New Delhi:

The Indian equity benchmark on Thursday ended lower, halting three consecutive sessions of gains in volatile trading. The domestic index fluctuated between profit and loss during daily trading before closing in the red amid the expiration of futures and options (F&O) contracts for March.

Asian stocks traded at weak levels following Wall Street’s fall overnight, while oil fell sharply as the United States took into account a massive draw from its reserves to curb a spike in fuel prices.

Brent crude futures for May fell $ 5.77, or 5.36 percent, to $ 1087.68 a barrel. US West Texas Intermediate futures for May delivery fell $ 6.13, or 6.03 percent, to $ 101.69 a barrel.

Back home, 30 shares of the BSE Sensex were down 115 points or 0.20 percent to close at 58,569, while the broader NSE Nifty moved 34 points or 0.19 percent lower to close at 17,465.

However, medium- and small -cap stocks closed stronger as the Nifty Midcap 100 index rose 0.34 per cent lower and small -cap rose 0.69 per cent.

Seven of the 15 sector gauges – compiled by the National Stock Exchange – end in red. The Nifty Pharma and Nifty Healthcare Indexes outperformed the index by down 1.17 percent and 1.29 percent, respectively.

In terms of specific stocks, Hindalco was Nifty’s biggest loser as the stock cracked 4.75 per cent to Rs 571.30.

Divi’s Lab, Apollo Hospitals, Dr Reddy’s and Reliance Industries are also among those left behind.

The overall market size was negative as 1,500 stocks rose while 1,881 declined on the BSE.

On the BSE 30 -stock index, Reliance, Dr Reddy’s, Wipro, Maruti, UltraTech Cement, Bajaj Finserv, Mahindra Bank Box and Infosys were among the biggest losers.

In contrast, M&M, Hindustan Unilever, Axis Bank, IndusInd Bank, Bharti Airtel and Titan settled on the green.

Agrasmartcity

Welcome to India's Largest news platform, I assure you that we daily update on Global news which helps you to grow your knowledge.

Related Articles

Leave a Reply

Your email address will not be published.

Back to top button
AllEscortAllEscort