Markets see a mixed day

9 Feb 2023 , 04:04 PM

Indian equity markets saw a mixed day today. Selling pressure once again returned in many stocks of Adani Group. This happened because of the news that MSCI Index will review the free float capitalization of the group’s stocks, that are part of the Index. In order to be part of the MSCI index, a minimum free float requirement has to be met. If this free float requirement is not met by a stock, then that stock is removed from the index. Free float means the percentage of outstanding shares of a company that are available for trading by the public and are not held by promoters or promoter entities. 

Markets ended the day in Green. Nifty 50 ended, up by 21.75 points. Sensex ended, up by 142.43 points. Top Gainers were Bajaj Finserv, Hindalco, HDFC Life. Top Losers were Adani Enterprises, Adani Ports, Hero MotoCorp.

Selling pressure was seen today in small-cap and mid-cap stocks. Selling pressure was seen in many metal stocks, realty stocks, auto stocks, healthcare stocks, and pharma stocks. Buying demand was seen in many IT and media stocks. 

Zomato, Idea and Yes Bank were the most active stocks today at NSE, in terms of trading volume. Adani Enterprises, Paytm and Reliance were the most traded stocks in terms of value. 36 stocks touched new 52-week high , today at NSE. 64 stocks touched new 52-week low.