Benchmark Indices Close Lower, Nifty Below 19,400 Amid Sectoral Selling Except PSU Banks

17 Aug 2023 , 03:44 PM

On August 17, benchmark indices experienced a decline, with Nifty falling below the 19,400 mark. The selling trend was observed across various sectors except for PSU Banks.

Closing figures for the day indicated that the Sensex dropped by 388.40 points or 0.59%, ending at 65,151.02. The Nifty also witnessed a decline of 99.70 points or 0.51%, concluding the day at 19,365.30. In terms of individual stock performance, around 1,777 shares advanced, 1,696 shares declined, and 152 shares remained unchanged.

Notable losers on the Nifty included ITC, LTIMindtree, Divis Lab, Power Grid, and Reliance Industries. On the other hand, Adani Ports, Titan Company, Adani Enterprises, Bajaj Auto, and SBI emerged as gainers.

Among the sectoral indices, only PSU Banks showed resilience, while all other indices closed in the red. The sectors of capital goods, Oil & Gas, power, FMCG, and Information Technology experienced declines ranging from 0.3% to 0.9%.

In terms of broader market performance, the BSE midcap and smallcap indices outperformed the main indices, ending the day marginally higher.

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