Markets wrap up in red

28 Jul 2023 , 03:41 PM

Domestic equity markets ended today’s session in negative territory, closing the week on a dim note. The markets broke their four-week winning streak. Nifty 50 closed 24 points lower. Sensex ended with a downside of 129 points.

In today’s session, market bears were active as investors were cautious of interest rates in Japan. Moreover, strong economic data from the United States added to the overall negative momentum. Markets were dragged down by IT and Bank stocks.

Nifty Metal and Media packs closed with over 1% uptick. Nifty Realty stocks were trading 2% higher. All other sectoral indices were in the red.

Nifty Midcap 50 stocks closed 0.58% higher. Nifty Bank ended with a decline of 0.46%.

NTPC, Power Grid, Apollo Hospitals, Adani Ports, and Mahindra & Mahindra were the top gainers in today’s trade. The biggest laggards were Bajaj Finserv, HDFC Bank, BPCL, TCS, and HCL Tech.

In terms of value, most active stocks were HDFC Bank, Reliance, and ICICI Bank. In volume terms, the top stocks were NTPC, Tata Steel, HDFC Bank, Power Grid, and ICICI Bank.

A total of 157 stocks touched new 52-week highs, and 10 touched new 52-week lows.