Indices trade higher, Nifty around 17,450; Tech Mahindra, Adani Enterprises top gainers
March 13, 2023 / 07:30 AM IST
Market on Friday:
The market continued to witness a sell-off on March 10 as the equity benchmarks lost another 1 percent in the second consecutive session amid growing concern over an aggressive rate hike by the US Fed going ahead.
At close, the Sensex was down 671.15 points or 1.12 percent at 59,135.13, while the Nifty slipped 176.70 points or 1 percent to 17,412.90.
However, for the week, both benchmarks lost 1 percent each.
On the back of weak global cues, the market started gap-down and extended the losses as the day progressed amid selling seen across the sectors, barring power.
The major losers on the Nifty were Adani Enterprises, HDFC Bank, Apollo Hospitals, IndusInd Bank and HDFC, while gainers were Tata Motors, NTPC, Maruti Suzuki, Britannia Industries and BPCL.
On the sectoral front, the Nifty Bank index shed nearly 2 percent, and the PSU Bank index declined 2 percent, while infra, information technology and metal indices were down 0.5 percent each.
The BSE midcap and smallcap indices were down 0.5 percent each.
On the BSE, bank, realty, and capital goods lost 1 percent each, while information technology and metal indices were down 0.5 percent each. However, the power index added 1 percent.