The broader market also ended lower, with the Nifty Midcap index shedding 0.3 percent and the Smallcap index falling 0.55 percent.
Among sectors, the IT index was the worst hit, plunging more than 4 percent, while the realty index declined over 2 percent. However, metal, pharma, PSU Bank, oil & gas, energy rose 0.3-1%. Biggest Nifty losers were Tech Mahindra, Eternal, Infosys, TCS, HCL Technologies, while gainers included HUL, Hindalco Industries, Coal India, NTPC, JSW Steel. The broader market also ended lower, with the Nifty Midcap shed 0.3%, and Smallcap index fell 0.55.
More than 110 stocks touched their 52-week high, including Indian Bank, Cummins India, Apar Industries, Bharat Forge, Polycab India, Max Financial, JB Chemicals, SBI Life Insurance, Union Bank of India, Bank of Baroda, Bank of Maharashtra, Hitachi Energy, SBI, L&T, NTPC, Bank of India, KEI Industries, Astral, Voltas, among others.
Biggest Nifty gainers were Adani Ports, Dr Reddy's Labs, Kotak Mahindra Bank, HDFC Life, Nestle, while losers included Hindalco, Wipro, Infosys, Tech Mahindra, Cipla. Among sectors Information Technology shed 1.4 percent, metal down 0.2 percent, while PSU Bank index added 1.3 percent, while pharma, oil & gas, infra, FMCG, auto added 0.5 percent each. The Nifty midcap index was down 0.4 percent and smallcap index was up 0.3 percent.
On the data front, US weekly jobless claims and Producer Price Index (PPI) figures, along with speeches from several FOMC officials, will be closely watched as investors seek clearer guidance on the timing of the Federal Reserve's next rate cut.
Broader indices were mixed, as the Nifty Midcap index gained 0.5 percent, whereas the Smallcap index closed slightly in the red.
Hindalco Industries, NTPC, SBI Life, L&T, Coal India were among major gainers on the Nifty, while losers were Infosys, Tech Mahindra, Eternal, HCL Technologies and Grasim Industries. Except IT (down 1%) and media, all other indices ended in the green with power, metal, capital goods, PSU Bank up 1-2%. The BSE midcap index was up 0.5 percent and smallcap index ended marginally lower.
More than 140 stocks touched their 52-week low, including Brainbees Solutions, C. E. Info, LT Technology, Clean Science, Just Dial, Vedant Fashions, Info Edge, Jyothy Labs, Inox Wind, Ola Electric, KEC International, NCC, Cello World, among others.
This comes despite a muted sentiment in global commodity prices on a firm dollar ahead of key US inflation data that could influence the Federal Reserve's interest rate-cutting trajectory.
Biggest Nifty losers included Interglobe Aviation, M&M, Bharat Electronics, UltraTech Cement and Trent, while gainers were Dr Reddy's Laboratories, ONGC, HDFC Life and Hindalco Industries. All the sectoral indices ended in the red with Auto, Capital Goods, Realty, Power, Consumer Durables, Media down 2% each. The Nifty midcap index shed 1.6 percent and smallcap index fell 1.3 percent.
On the sectoral front, except IT (down 1.2) all other indices ended higher with metal, FMCG, PSU Bank indices up 1% each, while Private Bank, realty, auto, oil & gas up 0.5% each.
Nifty Midcap and smallcap indices up 0.4% each. On the sectoral front, except IT (down 1.3) all other indices ended higher with metal, FMCG, PSU Bank indices up 1% each. Tata Steel, HDFC Life, ITC, Tata Consumer, Axis Bank were among major gainers on the Nifty, while losers were ONGC, Eternal, Wipro, Tech Mahindra, Adani Enterprises.
On the sectoral front, PSU Bank index up 2 percent, IT index up 1 percent, media index rises 0.6 percent, auto index up 0.5 percent, while metal down 1 percent and realty index down 0.3 percent.
On the sectoral front, PSU Bank index up 2 percent, IT index up 1 percent, media index rises 0.6 percent, auto index up 0.5 percent, while metal down 1 percent and realty index down 0.3 percent. Adani Enterprises, ITC, Bharat Electronics, Infosys, L&T were among major gainers on the Nifty, while losers are Eternal, Trent, Hindalco Industries, Reliance Industries and Tata Steel. Nifty Midcap index rose 0.3% and smallcap index added 0.5%.
On the sectoral front, Power, PSU Bank, Realty, Private Bank, Infra, capital goods, energy indices gained 1-2 percent, while media and auto shed 0.5-1%.
Markets will also watch the Supreme Court’s ruling on Trump tariffs scheduled for February 20. The week ahead will be holiday-shortened with potentially thinner liquidity.
Sectorally, all major indices ended in the red. Energy, Metal, and Realty indices declined 2–3 percent each, while IT, Consumer Durables, FMCG, Telecom, Infra, Auto, Power, PSU, and Oil & Gas indices fell around 1 percent each.
Among the top laggards on the Nifty were Hindalco Industries, Hindustan Unilever, Eternal, Adani Enterprises, and ONGC. On the other side, Bajaj Finance, Eicher Motors, SBI Life Insurance, State Bank of India, and Cipla managed to close in positive territory. Sectorally, all major indices ended in the red. Energy, Metal, and Realty indices declined 2–3 percent each, while IT, Consumer Durables, FMCG, Telecom, Infra, Auto, Power, PSU, and Oil & Gas indices fell around 1 percent each. Broader markets also witnessed heavy selling, with the Nifty Midcap and Smallcap indices shedding nearly 2 percent each.
More than 100 stocks touched their 52-week low, including Sonata Software, KPIT Technologies, Oracle Financial Services, Hexaware Technologies, TCS, Poly Medicure, Newgen Software, Mastek, Wipro, Cyient, Firstsource Solutions, IGL, Happiest Minds, Clean Science, Abbott India, among others.
New York-based GQG, which has more than $24 billion of its $166 billion total assets under management in India, is an outlier among international investors
The rupee rallied at the open to 90.4550 per dollar after settling at 90.70 in the previous session
Bajaj Finance, Shriram Finance, Eicher Motors, ICICI Bank, Trent were among major gainers on the Nifty, while losers were Infosys, TCS, Tech Mahindra, HCL Technologies and Wipro. Nifty midcap and smallcap indices fell 0.5% each. Among sectors, except Consumer Durables (up 0.4%), all other indices ended in the red with IT index sheds 5% and oil & gas, media, realty down 1% each.
More than 120 stocks touched their 52-week highs, including Eicher Motors, Samvardhana Motherson International, Force Motors, Ashok Leyland, SBI, Indus Towers, APL Apollo, KEI Industries, Max Financial, SAIL, Torrent Pharma, Bharat Forge, Nykaa, Titan Company, Grasim Industries, MRPL, among others.
The dollar softened after US retail sales data pointed towards a cooling economy, giving room for the Federal Reserve to cut rates
Eicher Motors, Apollo Hospitals, Max Healthcare, SBI, Maruti Suzuki were among major gainers on the Nifty, while losers included Coal India, TCS, HCL Technologies, Eternal, Infosys. Nifty midcap and smallcap indices ended flat. On the sectoral front auto index jumped 1.3%, PSU Bank index rose 1%, consumer durables index up 0.6%, while IT index shed 1.7%.