Indian stock market ends flat in volatile trade; Nifty below 25,500

Mumbai, Feb 25 (UNI) In a volatile session, the Indian stock market on Wednesday ended on a flat note, with the Nifty closing below 25,500. At the time of closing, the Sensex was up 50.15 points or 0.06% at 82,276.07, and the Nifty was up 57.85 points or 0.23% at 25,482.50.

BSE 150 MidCap Index rose by 0.67%, while the BSE 250 SmallCap Index climbed 0.48%. The cumulative market capitalisation of BSE-listed firms rose to over Rs 467 lakh crore from Rs 465.6 lakh crore in the previous session. Among the sectors, most of the sectoral indices ended higher. Nifty Metal was up 2.70%, Auto up by 1.85%, Pharma up by 1.85%, and IT was up 1.57 percent.

On the losing end were Nifty PSU Bank down by 0.39%, FMCG down by 0.25%, Realty down by 0.19%, and Oil and Gas down by 0.18%. Further, Nifty Bank slipped 0.01%. On Nifty, around 34 stocks ended higher with the key ones being HCL Technologies up by 2.91%, Bajaj Auto up by 2.73%, and Tata Steel up by 2.63%. The key losers were Reliance Industries down by 2.12%, SBI down by 1.90%, and Adani Ports and Special Economic Zone down by 1.72%.

The advance-decline ratio remained in favour of decliners as over 2,000 stocks advanced while more than 2,100 declined on the BSE. On BSE, around 114 stocks hit their 52-week highs while as many as 323 stocks hit their 52-week lows in intraday trade on the BSE.

Those on the highs were NTPC, Tata Steel, Bajaj Auto, Bank of Baroda, Federal Bank, Cummins India, IOC, JSW Steel, Lupin, Shriram Finance, and TVS Motor Company.

While on the lows were Suzlon Energy, IRFC, Procter & Gamble Hygiene and Health Care, Cyient, and Alkyl Amines Chemicals. Among the banking stocks, AU Small Finance Bank fell up to 2 percent, State Bank of India declined 1.74 percent, and union Bank of India was down 0.76%. IDFC First Bank, Kotak Mahindra Bank, Yes Bank and Punjab National Bank fell up to 1percent.

 

 

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