FINAL TRADE: Sensex, Nifty settle on muted note; Asian Paints, Maruti Suzuki down over 1%

Stock market today: Domestic equity indices Sensex and Nifty settled on a muted note on Friday, February 23, amid selling in banks, FMCG, information technology (IT), metals, and oil & gas counters. The 30-scrip barometer closed 15.44 points, or 0.02 per cent, lower at 73.142.8, and the NSE Nifty settled 4.75 points, or 0.02 per cent, lower at 22,212.7. 

"The domestic market paused momentarily today after reaching another record high earlier in the day, driven by positive signals from global markets. Notably, the capital goods and industrial sectors showed strength, supported by advancements in manufacturing and services. As the earnings season winds down, the market is eagerly awaiting new catalysts; however, it is rallying on the pre-election momentum. Concerns linger over rising crude oil prices, surging US bond yields, and stretched valuations, likely prompting continued selling by FIIs," said Vinod Nair, Head of Research, Geojit Financial Services.

Among the Nifty 50 stocks, 30 stocks declined, with BPCL, HCL Tech, Maruti Suzuki, Asian Paints, and ONGC being the top laggards, slipping over 1 per cent. Conversely, Bajaj Finserv, SBI Life, HDFC Life, LTIMindtree, and Dr Reddy's Laboratories were the top gainers, rising between 0.96 per cent and 1.47 per cent. 

Meanwhile, among the Sensex constituents, Bajaj Finserv, M&M, and Titan were the top winners. 

In the broader market, Nifty Mid Cap 100 and Small Cap 100 settled over 0.30 per cent higher. High-beta Nifty Bank was down 0.23 per cent at 46,811.35. 

GLOBAL MARKETS

World markets were mostly higher on Friday after Nvidia delivered stunning results, setting off a rally in other technology companies that carried Wall Street to another record high.

(With inputs from agencies.) 

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