The NSE Nifty snapped four-day winning streak on Tuesday, closing below the 8800-mark amid consolidation, dragged by Tata Motors post disappointing earnings. However, buying in oil and telecom stocks arrested losses. Investors remained cautious ahead of Federal Reserve chief Janet Yellen’s two-day congressional testimony starting later today, which may give a hint for further rate hike.
NSE Nifty closed at 8792.30 levels, down by 12.75 points, while BSE Sensex closed at 28339.31 levels, down by 12.31 points.
Asian markets finished mixed as of the most recent closing prices. The Shanghai Composite gained 0.03%, while the Nikkei 225 led the losses and was down 1.1%. the Hang Seng was marginally lower today. Meanwhile, European markets are trading flat.
Bharti Airtel was the top gainer in the Nifty50 stocks. The stocks closed at Rs 368.65 per share, up by Rs 10.60 per share or 2.96%. Tata Motors DVR stock was the top loser in the Nifty50 stocks. The stock closed at Rs 288.50 per share, down by Rs 28.45 per share or 8.98%.
GAIL was the top gainer in the Sensex stocks. The stock closed at Rs 496 per share, up by Rs 14.80 per share or 3.08%. Tata Motors Ltd., was the top loser in the Sensex stocks which closed at Rs 468.30 per share, down by Rs 37.10 per share or 7.34%.
Broader markets closed in negative territory. BSE Mid-cap index closed at 13342.59 levels, down by 75.36 points or 0.56%. BSE Small-cap index closed at 13438.83 levels, down by 84.82 points or 0.63%.
India’s wholesale inflation rose sharply in January. The inflation rose owing to costlier fuel and power.
The food items however remained cheaper. The WPI inflation was announced at 5.25% compared with 3.29% in December.
NCL Industries Limited closed at Rs 152.40 per share, up by Rs 20 per share or 15.11%.
Nitin Spinners closed at Rs 95.05 per share, up by Rs 11.40 per share or 13.63%.
SJVN closed at Rs 34.70 per share, up by Rs 1.70 per share or 5.15%.
Hindustan Petroleum Corporation closed at Rs 545.75 per share, down by Rs 32.40 per share or 5.60%.
Arcotech closed at Rs 628.55 per share, down by Rs 153.60 per share or 19.64%.
There were 535 advances, 1085 declines and 291 unchanged stocks on NSE, reflecting a negative bias floating in the market. There were 60 stocks that touched their fresh 52-week highs and 13 stocks that touched their fresh 52-week lows on NSE.
The rupee was trading at 66.92 per US dollar.
Top 5 Nifty Gainers: Bharti Airtel Ltd. (2.96%), GAIL (2.92%), IDEA (2.10%), BHEL (1.98%), and Reliance (1.77%).
Top 5 Nifty Losers: Tata Motors Ltd. (-8.98%), BPCL (-3.30%), Zee Entertainment Ltd. (-2.17%), Hero Motocorp Ltd. (-1.94%) and ACC (-1.69%)
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