Top gainers, losers today: NTPC, Kotak Bank, Tata Teleservices, Grasim; check full list here
Indian markets fall despite in-line monetary policy outcomes by RBI, disappointing traders who expected more optimistic revision in inflation outlook.
PremiumIndian market ended in red on Thursday despite in-line monetary policy outcomes by RBI. A pinch of disappointment was felt as traders had higher expectations of more optimistic revision in inflation outlook. Also, the central bank continued on its policy stance of "withdrawal of accommodation". Midcap and small-cap retreated after their stellar buying spree in previous sessions. Auto and banking stocks were top laggards.
Sensex ended at 62,848.64 down by 294.32 points or 0.47%. While Nifty 50 closed at 18,634.55, lower by 91.85 points or 0.49%. Bank Nifty shed over 280 points, while BANKEX declined over 402 points.
On BSE, Auto index dipped over 330 points, while IT index followed with a downfall of over 255 points and healthcare dropping by 228 points. Consumer durables, FMCG and oil & gas also witnessed substantial selling. Capital goods stocks outperformed.
Midcap and Small cap stocks in the broader market, fell by 241 points and 149 points respectively on BSE.
Read here: Market wrap: Sensex, Nifty end lower on hawkish RBI; investors poorer by over a lakh crore in a day
Talking about market performance, Vinod Nair, Head of Research at Geojit Financial Services said, "Investor sentiment took a downturn following the in-line monetary policy announcement by the RBI, as the market had higher expectations for a more optimistic revision in the inflation outlook, taking into account the recent easing of inflation data. The RBI's decision to lower the inflation rate by only 10 bps suggests a cautious stance due to geopolitical uncertainties, potential impact of El Nino and increase in Minimum Support Price."
About 1,493 stocks advanced, while 2,059 stocks declined and 116 stocks remained unchanged. A total of 194 stocks touched a new 52-week high and 24 stocks hit a new 52-week low.
Here is the list top gainers and losers during Thursday's session:
Sensex:
Top gainers: NTPC (+2.62%), L&T (+1.09%), Power Grid (+0.98%), HDFC (+0.20), and Reliance Industries marginally up.
Top losers: Kotak Bank (-2.68%), Sun Pharma (-2.68%), Tech Mahindra (-1.99%), M&M (-1.79%), and Tata Motors (-1.46%).
Nifty 50:
Top gainers: NTPC (+3.10%), JSW Steel (+2.82%), ONGC (+1.59%), Power Grid (+1.40%), and L&T (+1.08%).
Top losers: Grasim (-3.06%), Kotak Bank (-2.65%), Sun Pharma (-2.07%), and Tech Mahindra (-2.04%).
BSE:
Top gainers: EKI Energy Services (+18.63%), Tata Teleservices (+14.82%), JBM Auto (+7.61%), Optiemus Infracom (+7.43%), and PTC Industries (+6.82%).
Top losers: Suzlon Energy (-7.08%), Jaiprakash Associates (-5.80%), HBL Power (-4.78%), Kolte-Patil (-4.47%), and Torrent Power (-4.06%).
NSE:
Top gainers: Tips Films, S.E Power, Ortin Laboratories, and Essar Shipping hit 20% upper circuit each. Shivalik Bimetal gained 16.68%.
Top losers: Praxis Home Retail-RE (-11.11%), PPAP Automotive (-8.69%), Indian Energy Exchange (-8.47%), NK Industries (-8.42%), ZIM Laboratories (-7.54%).ere
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