Stock Market Today: Nifty, Sensex Fall For A Second Day As Infosys, Asian Paints Drag
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KEY HIGHLIGHTS
Yield On The 10-Year Bond Ends Lower
The yield on the 10-year bond closed 2 bps lower at 7.06%.
Source: Bloomberg
Rupee Strengthens Against U.S. Dollar
The local currency strengthened by 5 paise to close at 82.90 against the U.S. Dollar.
It closed at 82.95 on Friday.
Source: Bloomberg
Nifty, Sensex Fall For A Second Day As Infosys, Asian Paints Drag: Market Wrap
India's benchmark stock indices continued their fall for a second session on Monday tracking losses in shares of Infosys Ltd., and Asian Paints Ltd.
Today, the NSE Nifty 50 ended 90.65 points or 0.41% lower at 22,122.05, and the S&P BSE Sensex ended 352.66 points or 0.48% lower at 72,790.13
Intraday, the NSE Nifty 50 slumped 0.62% to 22,075, and the S&P BSE Sensex fell 0.65% to 72,666.82.
"Indian equities commenced the week on a tepid note and as the day progressed, the Index compounded its losses. In the mid-session, an attempt of recovery was seen but failed to hold higher levels and finally settled the day at 22,122.05 with a loss of 90.65 points. Among the sectors, Energy was the top performer while IT and Metal corrected the most. By moving in tandem with the Frontline Index, Mid and Smallcaps ended the day in red. With a bearish divergence in RSI, the Index has made a small bearish candle. The Index is oscillating in a range of 22,050-22,250 and breakout on either side will provide a proper direction," said Aditya Gaggar director, Progressive Shares.
Infosys Ltd., ICICI Bank Ltd., Asian Paints Ltd., Tata Consultancy Services Ltd., and Airtel Ltd. dragged on the benchmark index.
Larsen & Toubro Ltd., Power Grid Corp of India Ltd., Adani Enterprises Ltd., Tata Consumer Products Ltd., and Adani Ports and Special Economic Zones Ltd limited losses to the benchmark indices.
On NSE, eight sectors out of 12 ended lower, and four ended higher. The Nifty IT index fell the most among sectoral indices, dragged by Tata Consultancy Services Ltd. The Nifty Energy index was the top performer among sectoral indices.
The broader markets rose also fell. The S&P BSE Midcap fell 0.38%, and the S&P BSE Smallcap traded flat.
On BSE, 10 out of 20 sectors rose, while 10 declined. The S&P BSE Power surged the most among sectoral indices.
The market breadth was skewed in favour of the sellers. About 2,262 stocks declined, 1,717 gained, and 129 remained unchanged on the BSE.
PNC Infratech Gets Letter Of Acceptance From Madhya Pradesh
PNC Infratech Ltd got a Letter of Acceptance from Madhya Pradesh Govt for construction project worth Rs 699 crore.
Source: Exchange filing
ITI Signs MoUs With Lekha Wireless, Niral Networks & InstalCT
Signs MoUs with Lekha Wireless, Niral Networks & InstaICT to create and manage private 5G ecosystems.
Source: Exchange filing
