Markets see a day heavy in red

22 Feb 2023 , 03:49 PM

Indian markets had a day heavy in red today. Nifty 50 closed, down by 274.10 points. Sensex closed, down by 927.74 points. Top Gainers today were ITC, Bajaj-Auto. Top Losers today were Adani Enterprises, Adani Ports and Grasim. Negative global cues drove Indian equity markets down today. 

The extent of the decline was such that only two stocks at Nifty 50 ended the day in Green. In these two stocks (ITC, Bajaj-Auto) too, gains at the end of the day stood at just 0.50% and 0.20% respectively. 

Heavy selling pressure was seen in stocks, across market capitalizations. Metal stocks and banking stocks saw heaviest selling pressure today. Stocks of Adani Group continued to see selling pressure. 

Yes Bank, IRB and Idea were the most traded stocks today at NSE, in terms of volume. Adani Enterprises, Reliance and ICICI bank were the most traded stocks in terms of value. 29 stocks touched new 52-week high today, at NSE. 203 stocks touched new 52-week low. Market breadth was highly negative.