Stock market ends lower amid broad-based selling; Nifty closes below 25,200 mark

New Delhi, Feb 27 (UNI) Indian stock market ended lower on Friday amid broad-based selling across most of the sectors, Nifty closing below the 25,200 mark.

At close, the Sensex was down 961.42 points or 1.17% at 81,287.19, and the Nifty was down 317.90 points or 1.25% at 25,178.65.

Nifty Midcap and smallcap indices also down 1% each. The overall market capitalisation of BSE-listed firms dropped to around Rs 463 lakh crore from Rs 468.5 lakh crore in the previous session.

Among the sectors, Nifty Realty was the top laggard falling 2.27%. Nifty Auto, Nifty FMCG, and Nifty Metal all sank over 1.5%. Nifty Media closed up 0.65%, Nifty Chemicals rose 0.11% while the Nifty IT largely remained unchanged.

On Nifty, the top gainers were Trent, HCL Tech, Infosys, Apollo Hospitals. While on the losing side were Dr Reddy’s Labs, Bharti Airtel, M&M, HDFC Life, Sun Pharma.

Around 100 stocks touched their 52-week high while more than 330 stocks slid to their 52-week low on the BSE.

Those hitting high included Sai Life Sciences, Schaeffler Industries, Apar Industries, Graphite India, JK Bank, SAIL, Hitachi Energy, IOC, Polycab, Bharat Forge, Bank of Maharashtra, Lupin, Bank of India, Data Patterns, Eicher Motors, among others.

While on the lows were Just Dial, Inox Wind, Firstsource Solutions, Suzlon Energy, Reliance Power, Afcons Infra, IRCTC, Cello World, Syngene International, Poly Medicure, Vedant Fashions, Emami, C. E. Info Systems, ACC, IRFC, BASF, Page Industries, Relaxo Footwear, Bajaj Housing, among others.

In terms of some of the notable names, L&T was a top laggard, falling 5.32%, PB Fintech shed 3.2%, while extending its losing streak to the third straight day, LIC shares dropped another 2.5% .

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