Markets end session with broad-based losses

3 Aug 2023 , 03:42 PM

Indian benchmark indices closed today’s session with severe declines as investors remain cautious after Fitch downgraded the United States’ credit rating, while further consolidation in the markets is expected. Sensex closed 542 points lower. Nifty ended with a decline of 145 points.

In today’s intraday trading, all the sectoral indices logged losses and put pressure on the chart. Sensex tanked over 800 points, marking a steep fall for the day. Both the small cap mid cap stocks registered marginal losses.

Nifty Media and Pharma stocks closed with a 1% uptick. All other sectoral indices closed on a dim note.

Adani Enterprises, Adani Ports, Eicher Motors, Divis Lab, and Hindalco emerged as the biggest gainers in today’s trade. Titan, ONGC, Bajaj Finserv, ICICI Bank, and Nestle India were the top losers.

Most active stocks in terms of value were HDFC Bank, ICICI Bank, SBI, Axis Bank, and Kotak Bank. The top stocks in volume terms were Tata Steel, ICICI Bank, NTPC, HDFC Bank, and SBI.

A total of 95 stocks hit new 52-week highs, and 15 stocks touched new 52-week lows.