๐ก๐ฆ๐ ๐ง๐ผ๐ฝ ๐๐ฎ๐ถ๐ป๐ฒ๐ฟ๐ ๐๐ป๐ฑ ๐๐ผ๐๐ฒ๐ฟ๐ ๐ข๐ป ๐๐๐ป๐ฒ ๐ญ๐ญ
Indian stock markets closed lower on Thursday. Weak global cues, rising crude oil prices, and geopolitical tensions in the Middle East hurt investor sentiment. Selling in IT stocks dragged the markets down.
The BSE Sensex fell 150.63 points, or 0.20%, to close at 73,832.55. The NSE Nifty dropped 53.35 points, or 0.23%, to end at 23,161.60. Both indices swung between losses and recovery during the session.
Top Gainers
Nifty 50:
- Kwality Wall's rose 5.61% to Rs 34.86
- ICICI Bank gained 1.84% to Rs 1,317
- Mahindra & Mahindra added 1.64% to Rs 3,001
- Kotak Mahindra Bank climbed 1.36% to Rs 393.35
- JSW Steel increased 0.99% to Rs 1,282
Sensex:
- Kwality Wall's rose 5.61% to Rs 34.86
- ICICI Bank gained 1.84% to Rs 1,317
- Mahindra & Mahindra added 1.64% to Rs 3,001
- Kotak Mahindra Bank climbed 1.36% to Rs 393.35
- Sun Pharma rose 0.44% to Rs 1,794
Top Losers
Nifty 50:
- Infosys fell 2.69% to Rs 1,115
- HCL Technologies dropped 1.94% to Rs 1,110
- Eternal declined 1.92% to Rs 235.20
- Adani Ports fell 1.88% to Rs 1,787
- Trent slid 1.60% to Rs 2,711
Sensex:
- Infosys fell 2.69% to Rs 1,115
- HCL Technologies dropped 1.94% to Rs 1,110
- Eternal declined 1.92% to Rs 235.20
- Adani Ports fell 1.88% to Rs 1,787
- Trent slid 1.60% to Rs 2,711
Intraday Movement
Markets opened sharply lower. The Sensex fell 464.43 points to 73,518.75 in early trade. The Nifty dropped 142.9 points to 23,072.05. The indices recovered in the first half and briefly turned positive. Around 1:50 pm, the Sensex stood at 74,059.13, up 75.95 points. The Nifty hovered near flat at 23,217.90. The recovery faded later as selling resumed.
Sector Trends and Outlook
The Nifty IT index fell over 1%. FMCG, energy, realty, PSU banks, consumer durables, and chemical stocks also declined. Banking and pharmaceutical stocks showed strength. The Nifty Media index closed 1.78% higher at 1,465.50.
Ajit Mishra of Religare Broking Limited told ANI markets remained volatile on the weekly expiry day. He said sentiment stayed fragile due to geopolitical escalation and concerns over high global interest rates after strong US inflation data. Mishra noted a decisive fall below 23,000 on the Nifty invites further correction. He sees upside momentum capped near 23,500.