Closing Bell: Nifty ends 90 points lower, Sensex 500 points down as IT, realty stocks see mayhem
The top gainers on Nifty50 were BPCL, Bharti Airtel, Axis Bank, Indusind Bank and Hindustan Unilever while the top losers were Adani Ports, Tech Mahindra, Hero MotoCorp, Hindalco Industries and Reliance Industries
Domestic stocks markets ended Monday on a negative note, witnessing their third consecutive loss. BSE Sensex settled at 61,144.84, down by 518.64 points or 0.84 per cent while Nifty50 closed at 18,159.95, down 147.70 points or 0.81 per cent. Bank Nifty ended at 42,346.55, down 90.90 points 0.21 per cent.
Markets opened weak today taking cues from their Asian peers who were bogged down after news of Covid-19 lockdowns from China emerged. India VIX, a measure of volatility on Nifty stood at 14.80, up 2.83 per cent from the Friday closing.
The top gainers on Nifty50 were BPCL, Bharti Airtel, Axis Bank, Indusind Bank and Hindustan Unilever while the top losers were Adani Ports, Tech Mahindra, Hero MotoCorp, Hindalco Industries and Reliance Industries.
Out of the 15 sectoral indices, 3 were gainers against 12 losers. Nifty PSU Bank (+1.41 per cent) was the top gainer followed by Nifty Media (+0.25 per cent) and Nifty Consumer Durables (+0.20 per cent). The biggest laggards were Nifty IT (-1.55 per cent), Nifty Realty (-1.27 per cent) and Nifty Metal (-0.81 per cent).
There was stock specific action in broader markets with Nifty Mid Cap 100closing at 30,901.50, down 0.05 per cent while Nifty Small Cap 100 finishing at 9,636.90, down 0.24 per cent.
Rupee falls 11 paise to close at 81.85 (provisional) against US dollar.
On Monday, Singapore-based SGX Nifty was trading at 18,205, down 142.5 points or 0.78 per cent while Dow Futures were trading at 33,635.50, lower by 110 points or 0.33 per cent.
The Archean Chemical stock ended at Rs 458, up Rs 51 or 12.53 per cent. The stck was listed at a price of Rs 450 against the issue price of Rs 407. Meanwhile, Five Star Business Finance shares closed at Rs 489.95 on NSE, up by Rs 15.95 or 3.36 per cent from the listing pricearound this time. Against the issue price of Rs 474, the stock was listed at Rs 468.80.
December Gold Futures were trading at Rs 52355 per 10 gram on MCX and were down Rs 233 or 0.44 per cent while December Silver futures were trading at Rs 60329 per kg, lower by Rs-546 or 0.90 per cent.
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