Nifty settles below 17,100; Reliance Industries, ICICI Bank stocks underperform

23 Feb 2022 , 03:41 PM

Domestic markets erased all early morning gains in the last hour of the trading session to end in the red. The market closed lower for the sixth straight session on Wednesday as investor focus globally remained on geopolitical tensions on account of the Russia-Ukraine conflict.

Reliance Industries, ICICI Bank, the HDFC twins and Larsen & Toubro were the top contributors to the fall in both headline indices.

The Nifty slipped below 17,100 to end 29 points and the Sensex dropped 68 points at 57,232.06 respectively. 

ONGC, Hero MotoCorp, NTPC, L&T and JSW Steel are among the top losers on the Nifty while Kotak Bank, Titan, IndusInd Bank, Tata Consumer, Bharti Airtel, Maruti, ITC, Bajaj Finance, Wipro, Infosys and Ultratech cement were among the top gainers.

On the sectoral front, Realty, Consumer Durables and PSU Bank remained the leading sectors like auto, financial services witnessed maximum selling pressure.