Sensex ends 83 points lower, Nifty below 24,800; Adani Ports down 3%
Benchmark stock market indices closed lower on Thursday in a highly volatile session that swung between gains and losses, reacting to global uncertainty due to rising tension in the Middle East.The S&P BSE Sensex was down by 82.79 points to end at 81,361.87, while the NSE Nifty50 lost 18.80 points to close at 24,793.25.Vinod Nair, Head of Research, Geojit Investments Limited, said that the Indian equity index experienced rangebound movement with a negative bias as cautious sentiment spread across the globe, driven by concerns over potential U.S. involvement in the Middle East conflict."Investor mood was further affected by the Fed's decision to keep interest rates unchanged while signalling persistent inflation and slower economic growth, which weighed on software export stocks," he added.advertisementMahindra & Mahindra topped the gainers with a strong 1.69% rise, followed by Titan gaining 0.74%, Larsen & Toubro up 0.57%, Bharti Airtel adding 0.56%, and Maruti Suzuki climbing 0.45%.
Adani Ports crashed 2.50% to lead the decliners, followed by Bajaj Finance falling 2.08%, Tech Mahindra down 1.95%, IndusInd Bank declining 1.54%, and Nestle India slipping 1.28%."Broader market performance lagged the benchmark index, influenced by selling in mid- & small-caps, while better stability was noticed in large-cap growth stocks, keeping a close watch on crude oil prices and global developments,: said Nair. The broader market indices ended in the red with Nifty Midcap falling 1.63%, Nifty Smallcap down 1.99%, while India VIX declined 0.14%. Only two sectors managed to close in positive territory - Nifty Auto gained 0.52% and Nifty Pharma rose 0.68%.advertisementMost other sectors ended with losses.Nifty Smallcap led the decline with a 1.99% fall, followed by Nifty Media down 1.91%, Nifty Realty falling 1.60%, Nifty Metal declining 1.29%, Nifty IT dropping 0.94%, Nifty Consumer Durables slipping 0.91%, Nifty Financial Services down 0.68%, Nifty Healthcare falling 0.65%, Nifty Oil & Gas declining 0.64%, Nifty FMCG down 0.31%, Nifty Private Bank slipping 0.30%, and Nifty PSU Bank losing 2.04%.(Disclaimer: The views, opinions, recommendations, and suggestions expressed by experts/brokerages in this article are their own and do not reflect the views of the India Today Group. It is advisable to consult a qualified broker or financial advisor before making any actual investment or trading choices.)Must Watch
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