Market Recap: Nifty Dips Below 22,350, Sensex Falls 617 Points; All Sectors in the Red

Indian markets ended lower today, breaking a two-day winning streak, as Nifty closed below the crucial 22,350 mark. Investor caution prevailed ahead of the release of US inflation data tomorrow.

The Sensex closed down 616.75 points or 0.83 percent at 73,502.64, while the Nifty fell 160.80 points or 0.71 percent to 22,332.70.

The market opened flat with a positive bias, with Nifty hitting a fresh all-time high of 22,526.60. However, it erased all gains and turned negative in the initial hours. The losses deepened as the day progressed, with selling pressure across sectors.

Top losers on the Nifty included Tata Consumer Products, Power Grid Corporation, Tata Steel, Bajaj Auto, and SBI. Meanwhile, Apollo Hospitals, Nestle India, Cipla, SBI Life Insurance, and Bajaj Finserv were among the gainers.

All sectoral indices ended in the red, with auto, capital goods, FMCG, oil & gas, banking, Information Technology, realty, metal, and power sectors down 0.5-1 percent each.

The BSE mid-cap index shed 0.2 percent, while the small-cap index fell 2 percent.

Nearly 200 stocks touched their 52-week high on the BSE, including ABB India, Blue Star, Cipla, Colgate Palmolive, Cummins India, GE T&D India, Glenmark Pharma, Godfrey Phillip, KEC International, Kirloskar Brothers, KPIL, Lupin, Oracle Financial Services, Siemens, Torrent Power, Trent, TTK Healthcare, Waaree Renewable, and Zydus Life, among others. Interglobe Aviation, Siemens, and Balkrishna Industries witnessed a volume spike of more than 700 percent.

A long build-up was seen in Interglobe Aviation, ICICI Prudential Life Insurance Company, and Apollo Hospitals, while a short build-up was seen in HPCL, Vodafone Idea, and NMDC.

Also Gift Nifty Today Moved from higher level to down side, made high of 22,670.50 and low 22,392.00 on March 11, and traded with good volume.

Furthermore, keep tracking Indian Stock Market, Gift Nifty  and Global Market Live to setup your tomorrow investment and trading strategies. Also keep updated with latest NSE Stock Results and Stock Events.

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