MARKET UPDATE: Sensex down 133 points at 57,759 and Nifty at 17,246, lower by 58 points
Published On: Friday, February 18, 2022 | By: Team KnowMyStock
The Indian benchmark indices started to trade lower for the third session in tandem with the bearish global cues on the rising Russian-Ukraine conflict. The BSE Sensex was down 133 points at 57,759 and the NSE Nifty was at 17,246, lower by 58 points. Among the Sensex-30 constituents, NTPC, Maruti, M&M, Tata Steel, L&T, PowerGrid, IndusInd Bank, and SBI were the top gainers, trading up between 0.4-1 percent. On the Nifty, Coal India, UPL were the additional gainers, up 2 percent and 1 percent, respectively. On the downside, Cipla, Wipro, Tech M, Nestle, Infosys, HCL Tech, Ultratech Cement, HDFC Bank, TCS, Asian Paints, meanwhile, were the top losers, down up to 1 percent. In the broader markets, the BSE MidCap and SmallCap indices were also in the negative territory, down 0.4 percent each. The volatility index climbed 5 percent as investors grew jittery.
Sectorally, the Nifty Metals index was the top outlier, trading 0.64 per cent up, followed by Nifty PSU Bank, Auto and Realty, all marginally higher. On the other hand, Nifty IT index was the top loser, down 0.7 per cent in line with its US peer tech heavy-Nasdaq index's fall on Thursday.
Among stocks, Torrent Power was up 1.25 per cent on the BSE as rating agency CRISIL has upgraded the long term credit rating of non-convertible debentures and long term bank facilities of the company to 'AA+/Stable' from 'AA/Positive' considering continued strong profitability and sustained improvement in the leverage levels. CRISIL has also reaffirmed its rating on the short-term bank facilities and commercial paper programme at 'A1+'.
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