ADVERTISEMENT

Stock Market Today: Sensex, Nifty Decline As Banks, I.T., Realty, Adani Group Stocks Drag

The S&P BSE Sensex closed down 251 points or 0.41% at 60,740.95 while the NSE Nifty 50 was 86 points or 0.48% lower at 17,770.90.

<div class="paragraphs"><p>Stock market trend,&nbsp;financial graph on a computer screen,  (Source: freepik)</p></div>
Stock market trend, financial graph on a computer screen, (Source: freepik)
ADVERTISEMENT
Live updates on India's equity markets on Feb. 13.
LIVE FEED
Latest First
  • Oldest First

FPIs Stay Net Buyers For The Second Straight Day

Overseas investors in Indian equities remained net buer for the second day in a row on Monday.

Foreign portfolio investors bought equities worth Rs 1,322.39 crore, according to data from the National Stock Exchange.

Domestic institutional investors also bought stocks worth Rs 521.69 crore.They snapped a 13-day buying streak on Feb. 9.

Foreign institutions net bought Rs 14,398.8 crore worth of Indian equities in December, but have remained net sellers of Rs 45,556.51 crore worth of Indian stocks so far in 2023.


Yield On The 10-Year Bond Flat

The yield on the 10-year bond closed flat at 7.36% on Monday.

Source: Bloomberg


Rupee Weakens Against The U.S. Dollar

The local currency weakened by 23 paise against the greenback on Monday to 82.73 at close. It closed 82.50 on Friday.

Source: Bloomberg


Sensex, Nifty Decline Amid Volatility

Indian equity benchmarks declined amid weak Asia trade on Monday as investors await inflation data.

European markets posted modest gains and the U.S. equity futures retreated as investors positioned themselves for an action-packed week that may confirm the inflation battle isn’t over, dashing hopes of a Federal Reserve rate pivot.

Contracts on the S&P 500 and the tech-heavy Nasdaq 100 slipped by about 0.2% following the worst week of the year on Wall Street for stocks and bonds.

The S&P BSE Sensex closed down 251 points or 0.41% at 60,740.95 while the NSE Nifty 50 was 86 points or 0.48% lower at 17,770.90.

Titan Co., Larsen and Toubro Ltd., NTPC Ltd., Bajaj Auto Ltd., and Eicher Motors Ltd. were the top gainers in the gauge.

Whereas, Adani Enterpises Ltd., Adani Ports and SEZ Ltd., State Bank of India, Infosys Ltd., and TCS Ltd. were the top losers amongst the NSE Nifty 50 constituents.

The broader market indices were trading lower and underperformed the larger peers; S&P BSE MidCap was down 1.25%, whereas S&P BSE SmallCap was lower by 1.17%.

Sixteen out of the 19 sectors compiled by BSE declined, while three advanced in trade.

The market breadth was skewed in favour bears. About 1271 stocks rose, 2,322 declined, and 166 remained unchanged on the BSE.


Stocks Aiding Sensex's Recovery 

  • After falling by 0.72% or nearly 438 points down intraday, the headline index, S&P BSE Sensex recovered in trade.

  • It is currently trading lower by 0.39% or 235 points at 60,477.62.

Source: Bloomberg





































OUR NEWSLETTERS
By signing up you agree to the Terms & Conditions of NDTV Profit