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Sensex Down 0.73%, Nifty Slips to 21,600 Led by Sectoral Sell-Off

12 Feb 2024 , 03:43 PM

On February 12, Indian equity indices experienced a downturn, with the Nifty hovering around 21,600. Here are the key highlights of the trading session, analyzing the performance of various sectors and the impact on key indices.

Key Highlights:

  • Sensex and Nifty Performance: The Sensex closed down by 523 points or 0.73% at 71,072.49, while the Nifty ended lower by 166.50 points or 0.76% at 21,616. Despite this decline, certain sectors managed to hold steady amidst the selling pressure.
  • Top Losers and Gainers: Notable losers on the Nifty included Coal India, Hero MotoCorp, BPCL, ONGC, and IndusInd Bank. Conversely, Dr Reddy's Laboratories, Apollo Hospitals, Wipro, Divis Labs, and HCL Technologies emerged as the top gainers.
  • Sectoral Performance: While healthcare and IT sectors witnessed marginal gains of 0.5% each, other sectors such as FMCG, PSU Bank, capital goods, metal, oil & gas, power, and realty faced declines ranging from 1 to 3%.
  • PSU Bank Index Decline: The Nifty PSU bank index experienced a significant downturn, dropping over 3%. Stocks of Indian Overseas Bank, Central Bank, PSB, Maharashtra Bank, UCO Bank, and Indian Bank registered intraday declines of up to 10%.
  • Midcap and Smallcap Index: The BSE midcap index fell by 2.8%, while the smallcap index recorded a sharper decline of 3.3%. Several stocks, including SJVN, Amber Enterprises, NBCC (India), HUDCO, IRB Infrastructure Developers, Indian Overseas Bank, and MCX India, witnessed losses in the range of 9 to 20%.
  • Nifty Midcap 100 Index: NHPC, IRFC, Bharat Dynamics, RVNL, and Yes Bank shares recorded significant declines, ranging from 8 to 12%.

 

Related Tags

  • BSE
  • closing bell
  • nifty
  • NSE
  • sensex
  • stock market news
  • Stock Market Updates
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