Business Economy


Market ends with marginal losses amid profit booking by investors

New Delhi, April 16 (UNI) Indian stock market on Thursday pared gains with the Sensex and Nifty traded mixed on Thursday amid profit booking by investors.
At close, Sensex settled 122.56 points or 0.16 percent lower at 77,988.68, while Nifty was at 24,196.75, down 34.55 points or 0.14 percent.
Nifty Midcap 100 index rose by 0.63%, while the Nifty Smallcap 100 index jumped 0.89%. The overall market capitalisation of BSE-listed firms rose to nearly Rs 461 lakh crore from about Rs 459 lakh crore in the previous session.
Among the sectors, Nifty Metal index rose by 1.53%, Nifty IT was up 0.88%, Media up by 0.59%, and Consumer Durables up by 0.58%. Further, those in red were Nifty Private Bank (0.56%), Nifty Auto (0.38%). Nifty Bank (0.38%). and Financial Services (0.38%).
Selling was seen in auto and FMCG stocks. Britannia Industries and Nestle India fell up to 1%, while Hero MotoCorp and Eicher Motors declined up to 1%.
On Nifty, around 25 stocks ended in the green. Those with profits were Adani Enterprises (2.77%), Hindalco Industries (2.81%), and Trent (2.64%) ending as the top gainers. On the losing end were HDFC Bank down by 1.96%, ONGC down by 1.65%, and HDFC Life Insurance Company down by 1.40%.
On the BSE, as many as 163 stocks hit their 52-week highs. These included Adani Power, Hindalco Industries, NTPC, Power Finance Corporation, Tata Power Company, Titan Company, and Vedanta.
Those hitting lows were Bhatia Colour Chem, Virya Resources, and R&B Denims.
Adani Group stocks, including Adani Power, Adani Energy Solutions, Adani Enterprises, and Adani Ports & Special Economic Zone, rose in the range of 2.5% to 4.5%.
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