Market sentiment muted: Nifty dips despite early gains, Sensex flat

5 Feb 2024 , 02:32 PM

In afternoon trade on February 5, the Nifty 50 and Sensex exhibited minimal movement, hovering near the flatline, marking a slowdown in the post-Budget market rally. The Federal Reserve’s decision to refrain from rate cuts was reinforced by stronger-than-anticipated US jobs data for January.

As of 2 PM, the Sensex showed a modest gain of 184.76 points or 0.26%, reaching 72,270.39, while the Nifty recorded an uptick of 86.30 points or 0.39%, standing at 21,940.10. Among the listed stocks, 1789 registered advances, 1575 experienced declines, and 103 remained unchanged.

In the sectoral analysis, auto, pharma, metal, oil & gas, power, and realty sectors saw a collective rise of 1.2%. The BSE Midcap and Smallcap indices also exhibited gains of 0.5% each. Noteworthy active shares on the NSE included NHPC, Jio Financial, Tata Motors, SJVN, and HDFC Bank.

Key Nifty gainers for the session were Tata Motors, Coal India, Power Grid, BPCL, and ONGC. Conversely, key Nifty losers included UPL, Bharti Airtel, Bajaj Finserv, HDFC Life, and Maruti Suzuki.