Indian stock markets end the day in red

15 May 2024 , 04:44 PM

The day commenced with a marginal uptick, as Sensex opened at 73,200.23 and Nifty at 22,255.60. However, both indices struggled to maintain momentum, fluctuating within a narrow range throughout the trading session.

Indian markets closed marginally lower today, with the Sensex dropping 118 points while the Nifty held the crucial 22,200 mark ahead of the release of significant US inflation data. The Sensex closed at 72,987 points, down 0.08%, while the Nifty closed at 22,200 points.

Analyzing the individual stock performances unveils a mixed bag of outcomes. Among the BSE Sensex constituents, decliners outnumbered gainers, with Tata Motors, Asian Paints, HDFC Bank, JSW Steel, and Sun Pharma leading the losses. Conversely, Bharti Airtel, Power Grid Corp., NTPC, Mahindra & Mahindra, and Larsen & Toubro emerged as the top gainers, showcasing resilience amidst market volatility.

On the Nifty 50 front, notable performers included Coal India, Cipla, BPCL, Bharti Airtel, and Power Grid Corp. However, Tata Motors, Bajaj Auto, Asian Paints, Eicher Motors, and Britannia Industries weighed down the index, reflecting sector-specific challenges amid broader market dynamics.

While benchmark indices experienced a downturn, the broader market indices showcased resilience, with BSE SmallCap gaining 0.96% and BSE MidCap closing 0.60% higher. Notably, the PSU Bank and Realty sectors emerged as the top gainers, closing 1.42% and 1.02% higher, respectively. Conversely, sectors such as FMCG, Auto, Bank, and Financial Services witnessed declines, contributing to the overall negative sentiment in the market.

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