Markets settle with losses

10 Aug 2023 , 03:44 PM

Indian benchmark indices closed today’s session in a negative zone after RBI announced its decision to keep key policy rates unchanged. Nifty 50 closed 89 points lower. Sensex ended with a decline of 307 points.

In today’s trade, markets kept a sluggish tone following its global peers. Analysts believe that risky assets would struggle to perform in the face of headwinds produced by restrictive monetary and financial circumstances.

Nifty Bank stocks closed 1% lower. Nifty Media stocks closed 7% higher as Zee Sony merger gets NCLT green signal. All other sectoral indices ended under pressure.

Top gainers in today’s trade were Adani Enterprises, Adani Ports, IndusInd Bank, Titan, and ONGC. Biggest losers on the nifty pack were Asian Paints, Kotak Bank, Britannia Industries, ITC, and Nestle India.

Most active stocks in terms of value were HDFC Bank, Tata Motors, ICICI Bank, Adani Enterprises, and Reliance Industries. In terms of volume, most active stocks were Tata Motors, SBI, HDFC Bank, ICICI Bank, and Tata Steel.

A total of 145 stocks touched new 52-week highs in today’s trade, while 20 plunged to new 52-week lows.