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Market roundup: Sensex falls below 51,000, Nifty ends at 15,080; metal, financial stocks drag down indices

Market roundup: Sensex falls below 51,000, Nifty ends at 15,080; metal, financial stocks drag down indices
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Market roundup: Sensex falls below 51,000, Nifty ends at 15,080; metal, financial stocks drag down indices

Market roundup: Sensex falls under 51,000, Nifty ends at 15,080; steel, monetary shares drag down indices

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The BSE Sensex closed at 50,846.08, falling by 598.57 factors or 1.16 %. Equally, the NSE Nifty ended decrease at 15,080.75, down by 164.85 factors or 1.08 %

The benchmark indices ended 1 % decrease, breaking the three-day gaining streak on Thursday, 4 March.

The BSE Sensex fell under the 51,000 mark on the again of promoting seen in monetary and steel shares.

The BSE Sensex closed at 50,846.08, falling by 598.57 factors or 1.16 %. Equally, the NSE Nifty ended decrease at 15,080.75, down by 164.85 factors or 1.08 %.

By way of sectors, the Nifty Auto index fell over 0.44 % or 47.35 factors to shut at 10,625.75. Following the identical pattern, the Nifty IT index fell by 0.55 % or 140.80 factors to shut at 25,631.85.

Nifty FMCG, too, misplaced 0.032 % or 10.60 factors to finish at 33,443.80 and Nifty Pharma declined 0.22 % to shut at 12,351.75.

The highest 5 gainers at BSE had been UltraTech Cement, Dr Reddy, Asian Paint, Hindustan Unilever and Maruti, whereas the highest losers had been Kotak Financial institution, ITC, Titan, TCS and Nestle India.

The highest 5 Nifty losers included JSW Metal, Hindalco Industries, HDFC, Tata Metal and Tata Motors, whereas gainers had been UltraTech Cement, Shree Cements, Adani Ports, Grasim Industries and Dr Reddy’s Labs.

Listed here are 10 shares that moved essentially the most on 4 March:

UltraTech Cement: The inventory closed at Rs 6,763, up 4.07 %.

Dr Reddy’s Labs: The inventory rose by 1.63 % to shut at Rs 4,574.30.

Mahindra Logistics: The inventory rallied 13 % to the touch 52-week excessive of Rs 543 after a information that it had gained a contract from Bajaj Electrical for Rs 1,000 crore over 5 years.

Adani Ports and Particular Financial Zones: The corporate introduced the acquisition of 31.5 % stake in Gangavaram port, which led to rally of two.97 % or 21.70 factors in its shares to shut at Rs 751.55.

HDFC Financial institution: The inventory ended at Rs 1,553.20 witnessing a fall of over 2.10 %.

Axis Financial institution: The share value fell 2.24 % and ended at Rs 736.75.

State Financial institution of India: The inventory was down by 2.28 % and ended at Rs 395.80.

Reliance: The inventory ended at Rs 2,175.70, falling over 1.17 %.

ICICI Financial institution: The share fell 1.73 % and closed at Rs 620.90.

Bharti Airtel: The inventory declined 1.24 % to finish at Rs 539.45.

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