Indices Close Nearly Flat After a Highly Volatile Session

7 Feb 2024 , 03:41 PM

On February 7, Indian benchmark indices closed on a relatively flat note amidst high volatility, as investors awaited the Reserve Bank of India’s policy outcome.

At the close of trading, the Sensex registered a marginal decline of 34.09 points or 0.05%, settling at 72,152.00. Meanwhile, the Nifty edged up by 1.10 points or 0.01%, closing at 21,930.50. 

Key gainers on the Nifty included State Bank of India, Grasim Industries, JSW Steel, HDFC Life, and Axis Bank. Conversely, Tech Mahindra, Power Grid Corporation, Infosys, Adani Ports, and TCS were among the top losers.

Among the stocks traded, 1,932 witnessed gains, 1,339 experienced losses, while 60 remained unchanged.

In terms of sectors, PSU banks, metals, power, pharmaceuticals, and real estate displayed strength, with gains ranging from 0.5 to 3%. However, the Information Technology index faced downward pressure, shedding 1%.

The BSE Midcap index surged by 1.4%, while the Smallcap index recorded a modest increase of 0.3%, reflecting a broader market sentiment of resilience amidst the day’s fluctuations.