Stock Market Today: Nifty, Sensex Settle In Red Despite Sharp Reversal From Intraday Lows

• Rupee closed 16 paise weaker against US dollar at 86.75

• It closed at 86.59 a dollar on Friday.

Source: Bloomberg

• Nifty and Sensex close more than 0.5% lower after recovering 150 points from lows.

• In the Nifty 50, 15 out of 50 stocks gain.

• Infosys and HCL Tech are the top losers in Nifty and Nifty IT.

• Nifty IT fell the most, becoming the worst performing sector for the day.

• Broader Market Indices outperformed Benchmark Indices

• Nifty Midcap 150 and Smallcap 250 gains for the second day in a row.

• MRPL and Poonawala Fincorp are the top gainers in Nifty Midcap 150.

• Zee Entertainment and Chennai Petro Corp are the top gainer in Nifty smallcap 250.

• Nifty Media, Metal, Oil and Gas, Pharma gains for the second day in a row.

• Nifty Auto snaps 3-day gaining streak.

LT Foods' arm, Ecopure Specialities, has received a preliminary notice from the US Commerce Department. The department has levied a 340% countervailing duty on sales during January to December 2023, amounting to Rs 50 crore.

GAIL(India) Ltd. will likely invest Rs 844 crore for capacity addition, the company said in the exchange filing.

Solar Industries' arm Solar Defence received Rs 158 crore order for supply of defence product with Defence Ministry, the exchange filing said.