Mumbai, Feb 23 (IANS) Domestic equities traded lackluster on Friday despite Nifty touching a new high of 22,297 intra-day for the fifth consecutive session, said Siddhartha Khemka, Head of Retail Research at Motilal Oswal Financial Services.
The Nifty traded in a narrow range throughout the day and fell in red in the last 30 minutes to close at day’s low of 22,212.70 on Thursday, down 4.75 points or 0.02 per cent.
Mixed flash estimates of PMI for the month of February by S&P Global for both India and the US along with the hawkish tone of the RBI in its meeting minutes dented investor sentiments. Even China’s stimulus announcement in the form of a rate cut failed to lift the global mood.
Nifty Midcap100/Smallcap100, however, ended with gains of 0.3 per cent each. Sectorally, it was a mixed trend with profit booking seen in IT, PSU banks, oil & gas and metals. Realty, pharma, and auto, on the other hand, saw buying interest, Khemka said.
Vaibhav Vidwani, Research Analyst at Bonanza Portfolio, said the Nifty closed on a sideways note at 22,212, while the Sensex closed at 73,142. Nifty Media and Nifty Realty were the sectors which outperform on Friday, up by 1.36 per cent and 1 per cent, respectively.
The top gainers on the Nifty were Bajaj Finance, SBI Life Insurance, Dr Reddy’s Labs, Titan Company and HDFC Life, whereas the top losers included BPCL, HCL Tech, Maruti Suzuki, Asian Paints, and JSW Steel.
–IANS
san/arm
Disclaimer
The information contained in this website is for general information purposes only. The information is provided by TodayIndia.news and while we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.
In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.
Through this website you are able to link to other websites which are not under the control of TodayIndia.news We have no control over the nature, content and availability of those sites. The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.
Every effort is made to keep the website up and running smoothly. However, TodayIndia.news takes no responsibility for, and will not be liable for, the website being temporarily unavailable due to technical issues beyond our control.
For any legal details or query please visit original source link given with news or click on Go to Source.
Our translation service aims to offer the most accurate translation possible and we rarely experience any issues with news post. However, as the translation is carried out by third part tool there is a possibility for error to cause the occasional inaccuracy. We therefore require you to accept this disclaimer before confirming any translation news with us.
If you are not willing to accept this disclaimer then we recommend reading news post in its original language.
