HomeStock MarketLate selling drags Sensex 884 pts lower from intraday high; ends 77...

Late selling drags Sensex 884 pts lower from intraday high; ends 77 pts down

Dalal Street witnessed intensified selling in the last month of January. It surely wiped off the morning gains of the individuals and groups. That resulted in the final week ending in cuts. You have to know about Top gainers and losers in Sensex. Therefore, the headline indices closed in the red. That happened in the seventh instance during the last eight sessions. This had a huge impact on the Sensex points. One could witness more buying in the broader markets. Pharma stocks and IT remained in demand. However, auto stocks and banks were under pressure.

Decline in Sensex

The Sensex surprisingly declined to 0.13 percent or 76.71 points. So, the Sensex share closed at 57,200.23. The index plunged to 884 points on the same day. Just like Sensex, NIFTY50 also witnessed a decline by 8.20 points. That is equivalent to 0.05 percent. So, it closed at 17,101.95. 

Vinod Nair, Head of Research at Geojit Financial Services explained the Sensex chart in detail. As published in the Economic Times, he said, After the decent opening post yesterday’s weak closing, domestic bourses again staged a quick selloff, tracking weak European trend. Policy tightening by the US Fed and rising geopolitical tensions in Ukraine coloured global sentiments.’ 

Top gainers and losers in Sensex

NTPC was the top gainer among the bluechip names. It rose to gain 3.89 percent. Other gainers of the day included Tata Consumer, Sun Pharma, M&M, ONGC, Indian Oil, Bharti Airtel, and UPL. The top loser was, surprisingly, Maruti Suzuki. It fell to 3.21 percent in the NIFTY50 pack. Others who ended in red include Power Grid, Tech Mahindra, Hero MotoCorp, ICICI Bank, Bajaj Finserv, and Axis Bank. As mentioned earlier, NTPC was one of the top gainers today in NSE. It was the best stock for intraday today.

The indices that ended higher were of broader markets. It even outperformed the headline peers. Among the top gainers from smallcap and mid indices, the main ones are CanFin Homes, Route Mobile, Coforge, Bata India, and SpiceJet. All of them climbed in the range of 5-9 percent. JB Chemicals and Pharmaceuticals, Thyrocare technologies, Chambal Fertilizers, RBL Bank, TVS Motor, and Prestige Estate Projects were among the major losers. 

So, these were the top gainers and losers in Sensex this time.

NIFTY’s stakes

Moreover, the NIFTY IT index went up to 1.13 percent. NIFTY Pharma followed the same with 1.05 percent. The top loser was the NIFTY Bank index. It was down by 0.77 percent. As a result, the late selling dragged the Sensex down to 884 points. 167 securities among them hit 52-week highs. The smallcap space contributed to the same. Moreover, 13 names among them hit 52-week lows. The microcap space contributed to the latter. 410 stocks went high, and the rest reached 295 lower circuit limits.

European Markets

Talking about the European markets, they traded lower than before. FTSE which is London-based dipped down to 1.07 percent. Frankfurt and Paris dropped to 1.66 percent and 1.44 percent respectively. The Asian market was also hit by the Sensex highs and lows during the same time. Countries like Thailand, Indonesia, South Korea, and Japan received positive gains. On the other hand, the rest of the market in Asia registered losses. Brokers were expecting a growth-friendly budget but that couldn’t happen due to the massive flux in the stock market

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