Market Commentary - Quick Review
The key domestic indices finished slightly lower. Nifty Pharma and Nifty Healthcare Index shares gained, while Nifty Media and Nifty IT shares declined.
As per provisional closing data, the barometer index, the S&P BSE Sensex, posted modest losses of 382.62 points or 0.50% to 76,132.81. The Nifty 50 index edged lower by 118.55 points or 0.50% to 23,779.15. In the past three trading sessions, the Nifty and Sensex slipped by 0.57% and 0.57%, respectively.
The broader market performed better than frontline indices. The BSE 150 MidCap Index moved lower by 0.59% and the BSE 250 SmallCap Index posted modest gains of 0.03%.
The market breadth was soft. On the BSE, 2279 shares advanced and 2954 shares fell. A total of 245 shares were unchanged.
Tata Steel Ltd was the top traded stock in NIFTY50 index today, recording a quantity of 236.96 lakh shares and posted a sharp drop of 29.20% compared to last one-week’s average daily volume. The stock has slipped by around 1.13% in last one-month and has spiked 13.18% over last one year.
Coal India Ltd was the second highest traded stock in NIFTY50 index today, recording a quantity of 135.93 lakh shares and recorded a sharp decline of 24.49% compared to last one-week’s average daily volume. The stock has eased 0.54% in last one-month and has risen sharply 6.11% over last one year.
Index action
The Nifty Pharma index inched up by 0.75% to 26675.5 today. The index is lower by 1.90% in last one week and has inched lower by 0.45% over last one month. It is sharply higher by around 20.82% in last one year. Wockhardt Ltd (up 5.71%), Zydus Lifesciences Ltd (up 3.29%), Piramal Pharma Ltd (up 2.54%), Divis Laboratories Ltd (up 2.36%) and Laurus Labs Ltd (up 1.99%) gained.
The Nifty Healthcare Index index gained modestly by 0.68% to 16520.3 today. The index has lost 2.32% in last one week and has eased by 2.02% over last one month. It is higher by 13.23% in last one year. Zydus Lifesciences Ltd (up 3.29%), Piramal Pharma Ltd (up 2.54%), Divis Laboratories Ltd (up 2.36%), Laurus Labs Ltd (up 1.99%) and Apollo Hospitals Enterprise Ltd (up 1.27%) moved higher.
The Nifty Media index slumped 2.86% to 1520.65 today. The index has declined by 2.34% in last one week and has drifted lower by 2.19% over last one month. It has slipped by 2.83% in last one year. Zee Entertainment Enterprises Ltd (down 6.13%), PVR Inox Ltd (down 5.76%), Sun TV Network Ltd (down 3.83%), Network 18 Media & Investments Ltd (down 2.61%) and Hathway Cable & Datacom Ltd (down 1.33%) dropped.
The Nifty IT index fell 2.28% to 29995.2 today. The index has fallen by 1.88% in last one week and has posted modest losses of 2.41% over last one month. It declined by 12.66% in last one year. Infosys Ltd (down 3.76%), LTM Ltd (down 2.33%), Mphasis Ltd (down 2.18%), Tech Mahindra Ltd (down 2.06%) and Wipro Ltd (down 2.04%) moved down.