Business Economy


Stock market ends lower; Nifty falls at 25,750 mark

New Delhi, Feb 12 (UNI) The Indian stock market ended lower on Thursday with the Nifty falling at 25,750 mark and snapping a four-day winning streak.
At close, the Sensex was down 558.72 points or 0.66% at 83,674.92, and the Nifty was down 146.65 points or 0.57% at 25,807.20. Nifty Midcap and Nifty Smallcap indices declined 0.5% each.
The overall market capitalisation of BSE-listed firms dropped to Rs 472 lakh crore from Rs 475 lakh crore in the previous session.
Among the sectors, Nifty IT ended with a loss of 5.51%, Nifty Realty was down by 1.45%, Media down by 1.31%, and Oil and Gas down by 1.19%. Nifty Bank ended flat while the Financial Services index rose by 0.38%.
The top gainers on Nifty were Bajaj Finance up by 3.31%, Shriram Finance up by 2.48%, and Eicher Motors up by 2.13%.
Nearly 30 stocks ended lower including Tech Mahindra (6.40%), Infosys (5.97%), TCS (5.77%), HCL Technologies (5.20%), and Wipro (4.79%).
The advance-decline ratio remained in favour of decliners as over 1,600 stocks advanced while over 2,500 declined on the BSE.
Around 140 stocks hit their 52-week highs while 111 stocks hit their 52-week lows on the BSE.
Those on highs included SBI, L&T, NTPC, Bajaj Auto, ONGC, and Shriram Finance while on lows were TCS, Wipro, OFSS, IREDA and Abbott India.
Among the IT stocks, Tech Mahindra, Infosys and Tata Consultancy Services (TCS) tumbled nearly 6% each while HCL Technologies, Mahindra & Mahindra, Hindustan Unilever, Reliance Industries, Eternal, HDFC Bank, IndiGo, Kotak Mahindra Bank and Adani Ports also closed lower.
State Bank of India (SBI), Shriram Finance, and ONGC, scaled their one-year peaks.
Rupee traded slightly stronger at 90.57, gaining 0.08 paise or 0.09%, as the dollar index remained flat near 96.82.
UNI VK SAS PRS
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