MARKET UPDATE:Sensex down 657 points at 58,268, while Nifty at 17,410, lower by 195 points
Published On: Friday, February 11, 2022 | By: Team KnowMyStock
Indian benchmark indices started to trade on a highly negative note today (11th February 2022) a day after RBI's dovish policy had calmed the markets in line with the soured global sentiment on high US inflation data and rate hike fears. The BSE Sensex was down 657 points at 58,268, while the NSE Nifty was at 17,410, lower by 195 points. Among the Sensex-30 shares, only NTPC was in the green, while IT majors Infosys, Wipro, HCL Tech and Tech M were the top losers, lower by over 2 percent each. Other losers included Bajaj Twins, HDFC, Dr. Reddy's, Kotak Bank, Titan, TCS, and ICICI Bank. On the Nifty, HeroMoto Corp, Cipla, and Eicher Motors were the additional top losers, down up to 1.6 percent. In the broader markets, the BSE MidCap and SmallCap indices were also in the red territory, down 0.77 and 0.9 percent, respectively.
Sectorally, the Nifty IT index was the weakest, trading 2.4 per cent lower. Nifty Bank and Financial Services were the next top losers along with Pharma, Realty and Consumer Durables. No index was in the green zone.
Among stocks, Zomato was trading 5.7 per cent lower on the BSE despite the food-giant narrowing its net loss by 81 per cent on-year to Rs 66 crore in the December quarter (Q3) aided by a one-time gain.
On the flip side, QuessCorp was trading 7 per cent up on the exchange. The company has appointed Guruprasad Srinivasan as Group CEO. It has also increased its equity stake in Heptagon Technologies from 49 per cent to 60.67 per cent through subscription of 6,342 equity share for Rs 15,768 per share.
Tags: BSE Sensex NSE Nifty highly negative note high US inflation data BSE MidCap and SmallCap indices in red
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