Markets close in red after six bullish sessions

21 Jul 2023 , 03:42 PM

Indian benchmark indices closed with declines after a volatile session, dragged down by a downfall in IT stocks. Nifty 50 closed 207 points lower. Sensex ended with a decline of 766 points.

In today’s trade, markets opened flat after which they tanked majorly on disappointing quarterly numbers by some of the companies. Sensex crashed over 700 points.

Nifty IT stock closed 4% lower. Nifty FMCG and Consumer Durables indices closed with a decline of 1%. All other sectoral indices closed on the downside.

In today’s trade, Larsen & Toubro, ONGC, NTPC, SBI, and Tata Motors emerged as the biggest gainers. Infosys tanked over 8% in today’s trade after it reduced its full-year economic outlook. Hindustan Unilever, HCL Tech, Wipro, and TCS were the biggest losers.

In terms of value, Infosys, Reliance Industries, HDFC Bank, ICICI Bank, and Hindustan Unilever were the most active stocks. Most active stocks in terms of volume were Infosys, Tata Steel, HDFC Bank, SBI, and ICICI Bank.

A total of 131 stocks touched a new 52-week high, and 18 stocks touched new 52-week lows.