Market Dips with Nifty at 19,250 Amid Widespread Selling Across Sectors

25 Aug 2023 , 03:38 PM

On August 25, the benchmark indices concluded in negative territory, with the Nifty hovering around the 19,250 mark, driven by widespread selling across sectors.

At the market close, the Sensex registered a decline of 365.83 points or 0.56%, reaching 64,886.51. Simultaneously, the Nifty experienced a dip of 120.90 points or 0.62%, settling at 19,265.80. Among the trading activity, 1446 shares advanced, 2079 shares declined, and 110 shares remained unchanged.

The Nifty’s top performers included Bajaj Finserv, Asian Paints, Bajaj Finance, ONGC, and Bharti Airtel, whereas notable decliners encompassed Dr. Reddy’s Laboratories, Adani Ports, IndusInd Bank, Power Grid, and Larsen and Toubro.

From the Sensex component, Jio Financial Services Ltd recorded a notable drop of 4.98%, reaching the lower circuit limit at Rs 205.15, marking its fifth consecutive day of decline. Other laggards within the Sensex included IndusInd Bank, Larsen & Toubro, Bharti Airtel, Axis Bank, UltraTech Cement, and ITC.

Meanwhile, gainers within the Sensex encompassed Bajaj Finserv, Tata Motors, Asian Paints, and Maruti.

All the sectoral indices concluded in negative territory, with capital goods, FMCG, PSU Bank, metal, realty, and power declining by 1% each. Additionally, the BSE Midcap index displayed a decline of 1%, while the Smallcap index witnessed a 0.2% decrease.