Gift Nifty Experiences Negative Start as US and Asian Markets Decline

Asian, Decline, Experiences, Gift, Markets, Negative, Nifty, Start


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August 16, 2023 / 07:16 AM IST

Market Managed to Close with Little Change

The market managed to close with little change in the highly volatile session on August 14. Benchmarks made a smart recovery from the day’s low points with the Sensex closing 79.27 points or 0.12 percent higher at 65,401.92, and the Nifty finishing at 19,434.50, up 6.20 points or 0.03 percent.

BSE Sensex recovered 580 from the day’s low of 64,821.88 and Nifty50 regained 176 points from the day’s low of 19,257.90.

The market started gap-down and stayed in the negative terrain in the first half while making a smart recovery in the second half but last-hour selling erased the gains to end on a flat note.

Gainers and Losers

  • Major gainers on the Nifty: LTIMindtree, Divis Labs, Infosys, HUL and Reliance Industries
  • Losers on the Nifty: Adani Enterprises, JSW Steel, Hindalco Industries, State Bank of India and Tata Steel

Sectoral Performance

On the sectoral front, except Information Technology and FMCG, all other indices are ended on a negative note with the metal index down nearly 2 percent, while power, realty, and PSU Bank down 0.5 percent each.

Midcap and Smallcap Indices

BSE midcap and smallcap indices shed 0.5 percent each.


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