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Indian equities snap three days of gains

Nifty below 18,300, Sensex falls 208 pts

Major headlines

  • Oberoi Realty has entered into an MoU with NRB Bearings for acquiring ~6.4 acres located at Pokhran Road 2, Thane.
  • M&M is expected to sell its 3.2% stake in Mahindra CIE through block deal soon at a discount of 5-6% of CMP. With this, M&M would completely exit from Mahindra CIE. M&M's exit from the company would not have any impact on M&M’s fundamentals
  • Polyplex Corporation has entered into a binding agreement with certain members of the promoter group and AGP Holdco Limited (investor) under which promoter group members have agreed to sell 24.3% equity share capital at a consideration of Rs. 1,379 crore

For all the day's market news click here

Indian indices

Benchmark indices ended in the red in a volatile session. Among the losers on the Nifty included Adani Enterprises, Adani Ports, Tata Motors, HDFC Bank and ICICI Bank. Gainers included Sun Pharma, Dr Reddy's Laboratories, ITC, IndusInd Bank and Hero MotoCorp.

Among sectoral indices, the metals index shed 1%, while the pharma index added 1%. BSE midcap and smallcap indices ended on a flat note.

Indices performance for the day

Indices Closing Chg (pts) Chg (%)
BSE Sensex 61,773.78 -208.01 -0.34
NSE Nifty 18,285.40 -62.60 -0.34
BSE Midcap 26,488.42 34.14 0.13
BSE Smallcap 29,951.82 48.67 0.16

Following are the stocks/sectors which were in news today:

  • Sudarshan Chemical soars 14% on strong sequential growth in Q4FY23 numbers
  • Galaxy Surfactants slips 3% after Q4 PAT declines
  • Orient Bell shares fell 7% after net profit fell by ~62% in Q4

Market sentiment

Market breadth (No of shares)   Volume (Rs in crore)
Advance 1614 1080 Cash 4,095.52 60,025.03
Decline 1863 1192 F&O - 2,25,37,773.60

Sectoral & stock screening


BSE Sensex A Group

Top 5 Gainers Closing Price Chg (%)   Top 5 Losers Closing Price Chg (%)
SCHNEIDER 214.55 13.46   DCAL 114.10 -12.60
SUDARSCHEM 439.00 11.82   POLYPLEX 1,394.70 -8.18
OPTIEMUS 217.25 10.70   RPOWER 12.10 -6.64
DEEPAKNI 2,136.40 9.58   ADANIENT 2,476.90 -5.90
IBREALEST 62.87 8.81   GRMOVER 176.70 -5.76

To view all the key market data/statistics of the day click here


Global signals

Asian markets finished broadly lower with the Hang Seng falling 1.62% while the Shanghai Composite is off 1.28% and Japan's Nikkei 225 falling by 0.89%.

European markets too are trading the red with the CAC 40 off the most. It is down 1.78% while London's FTSE 100 is off 1.72% and Germany's DAX is lower by 1.63%.

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