Market Commentary - Quick Review
The key domestic indices closed marginally lower. Nifty IT, Nifty FMCG and Nifty Media shares rose, while Nifty Healthcare Index and Nifty Pharma shares declined.
As per provisional closing data, the barometer index, the S&P BSE Sensex, moved lower by 12.99 points to 76,944.28. The Nifty 50 index down 24.60 points to 24,055.80.
The broader market performed better than frontline indices. The BSE 150 MidCap Index inched down 0.74% and the BSE 250 SmallCap Index edged higher by 0.04%.
The market breadth was negative. On the BSE, 2006 shares gained and 3091 shares fell. A total of 233 shares were unchanged.
Tata Steel Ltd was the top traded stock in NIFTY50 index today, recording a quantity of 466.63 lakh shares and saw a sharp spurt of 32.27% compared to last one-week’s average daily volume. The stock has fallen sharply by around 2.82% in last one-month and has climbed sharply 18.04% over last one year.
HDFC Bank Ltd was the second highest traded stock in NIFTY50 index today, recording a quantity of 444.17 lakh shares and saw a sharp increase of 39.35% compared to last one-week’s average daily volume. The stock has slumped by around 5.23% in last one-month and has tumbled 25.42% over last one year.
7 stocks in NSE500 index hit record high today.
Index action
The Nifty IT index advanced slightly by 0.98% to 31496.7 today. The index is higher by 1.94% in last one week and has moved higher by 1.57% over last one month. It has declined by 12.73% in last one year. Persistent Systems Ltd (up 3.67%), Mphasis Ltd (up 3.22%), HCL Technologies Ltd (up 2.99%), Infosys Ltd (up 1.96%) and LTM Ltd (up 1.87%) moved higher.
The Nifty FMCG index inched up by 0.94% to 46457.15 today. The index is sharply lower by 3.16% in last one week and has lost 6.30% over last one month. It dropped sharply by 18.07% in last one year. ITC Ltd (up 4.34%), Emami Ltd (up 3.48%), Marico Ltd (up 2.21%), Hindustan Unilever Ltd (up 1.39%) and Varun Beverages Ltd (up 1.35%) gained.
The Nifty Healthcare Index index shed 1.60% to 16669.85 today. The index has jumped by 3.19% in last one week and has risen slightly by 1.11% over last one month. It surged by 17.73% in last one year. Max Healthcare Institute Ltd (down 3.75%), Divis Laboratories Ltd (down 3.19%), Sun Pharmaceutical Industries Ltd (down 2.81%), Laurus Labs Ltd (down 2.79%) and Biocon Ltd (down 2.66%) moved lower.
The Nifty Pharma index slipped by 1.45% to 26792.65 today. The index has rallied by 3.22% in last one week and has posted modest gains of 2.46% over last one month. It has surged by 24.83% in last one year. Divis Laboratories Ltd (down 3.19%), Sun Pharmaceutical Industries Ltd (down 2.81%), Laurus Labs Ltd (down 2.79%), Ajanta Pharma Ltd (down 2.70%) and Biocon Ltd (down 2.66%) fell.