Stock Market Updates: Sensex Opens Flat, Nifty Below 17,400; ZEEL Jumps 4%

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Stock Market Updates: Sensex Opens Flat, Nifty Below 17,400; ZEEL Jumps 4%


Last Updated: February 28, 2023, 16:34 IST

Sensex Today (Representative picture)

Sensex Today: Domestic markets had a agency begin on Tuesday morning, amid constructive international sentiments.

Sensex Today: Despite beginning with marginal features, the important thing benchmark indices exhibited a weak pattern and ended decrease for the eighth straight buying and selling session on Tuesday amid sustained promoting in index heavyweights. Market individuals have been additionally nervous forward of the December quarter GDP numbers to be introduced later right this moment.

At shut, the Sensex was down 326.23 factors, or 0.55 per cent, at 58,962.12, and the Nifty was down 88.70 factors, or 0.51 per cent, at 17,304.

After a muted begin, the market remained range-bound within the morning however promoting within the afternoon pulled the indices down, with Nifty slipping to the day’s low of 17,250.

In February, the Sensex shed a per cent and the Nifty50 2 per cent.

Cipla, Hindalco Industries, Dr Reddy’s Laboratories, ONGC and Tata Steel have been among the many greatest losers on the Nifty. Gainers induced Adani Enterprises, Adani Ports, Asian Paints, Britannia Industries and Power Grid Corporation.

Among sectors, the Nifty pharma index shed 1.3 per cent and the power index was down a per cent. Metal and knowledge expertise every ended 0.8 per cent down. However, auto and PSU Bank indices rose 0.4 per cent every.

Global Cues

Globally, the US markets rose in a single day, with Dow Jones, the S&P 500, and NASDAQ Composite rising as much as 0.6 per cent.

Asia-Pacific markets, too, inched greater as Nikkei 225, the S&P 200, Topix, Kosdaq, and Kospi indices gained as much as 1 per cent.

In the commodities basket, costs of Brent Crude declined marginally to $82 per barrel, whereas WTI Crude gained marginally to $76 per barrel.

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