Mumbai, Feb 9 (PTI) NSE benchmark Nifty today slipped
121.90 points to end at 10,454.95, driven by global weakness
on worries over US interest rate hikes.
Nifty shed more than 1 per cent, or 121.90 points, to
settle at 10,454.95 dragged mainly by banking and financials,
media, auto, IT, FMCG and pharma sectors. While, Metal and
realty sectors bucked trend.
Market sentiment were negative amid weakness in European
and Asian stocks after a rout on Wall Street overnight amid
rising interest rates, while lingering concerns over inflation
at home also weighed.
Overseas, Asian indexes ended sharply lower, following
negative lead from Wall Street. Japan’s Nikkei, China’s
Shanghai Composite and Hong Kong’s Hang Seng slipped 2-4 per
European markets – France CAC, Germany DAX and Britain
FTSE were trading lower by 0.2-0.5 per cent.
The Nifty declined 121.90 points or 1.15 per cent to end
at 10,454.95, its lowest closing level since 3 Jan 2018, and
moved in a range of 10,480.20 and 10,398.20.
It saw an intra-day movement of about 82.00 points.
The broader markets outperformed benchmarks, with the
Nifty Midcap and Smallcap rose 0.23 per cent and 0.18 per
On the sectoral front, Private Bank fell by 1.81 per
cent, followed by finance service 1.78 per cent, Bank 1.76 per
cent, PSU Bank 1.21 per cent, Auto 0.96 per cent, Media 0.95
per cent, IT 0.76 per cent, FMCG 0.46 per cent and Pharma 0.43
per cent. While, metal and realty rose by 1.27 per cent and
0.35 percent, respectively.
Index gainers were HCl Tech, Cipla, Tata Steel, Lupin, Dr
Reddy, AsianPaint, Vedl, HindUnilever and Powergrid.
Major losers were Yes Bank, Infosys, HDFC, TechM, SBIN,
IbulHsgFin, Infratel and ICICI Bank.
The market breadth, indicating its overall health, was in
favour of losers. On the NSE, 849 stocks advanced, 933
declined and 73 remained unchanged.
Total securities that hit their price bands were 258.
Turnover in the cash segment fell to Rs 31,582.68 crore
from Rs 34,882.63 crore yesterday.
A total of 15,755.69 lakh shares changed hands in
11,468,061 trades. The market capitalisation of listed firms
on the NSE stood at Rs 1,45,56,659.34 crore.
This is published unedited from the PTI feed.