Nifty around 17,450, Sensex up 450 pts; Adani group stocks in focus
March 03, 2023 / 07:24 AM IST
Market on Thursday:
After seeing a relief run in the previous session, the Indian equity market again came under pressure on March 2 with the Nifty ending near 17,300 amid selling seen in the information technology, auto, FMCG and financial names.
At close, the Sensex was down 501.73 points or 0.84 percent at 58,909.35, and the Nifty was down 129 points or 0.74 percent at 17,321.90.
Amid mixed global cues, the market started on a muted note and witnessed selling as the day progressed, erasing all the previous session’s gains and finishing near the day’s low levels.
Maruti Suzuki, Axis Bank, TCS, SBI Life Insurance and M&M were among the biggest losers on the Nifty, while gainers included Adani Ports, Adani Enterprises, Coal India, BPCL and Hero MotoCorp.
Among sectors, the Nifty information technology index fell more than 1 percent, while FMCG, auto and bank indices were down 0.5-0.8 percent.
The BSE midcap and smallcap indices ended with marginal losses.
On the BSE, the information technology index shed 1 percent, the auto index was down 0.85 percent, banks fell 0.87 and the FMCG index dipped 0.44 percent. On the other hand, the realty index added 2 percent, while oil and gas and power indices were up 0.2 percent each.