Market Wrap: Sensex, Nifty end in red after recording lifetime highs as Infosys, TCS trigger fall
Infosys and Tata Consultancy Services (TCS). They also broke their two-session gaining streak after hitting fresh record highs. Nifty scaled an all-time high of 25,482.20 before finishing the session at 25,377.55, down by 41 points or 0.16% while S&P BSE Sensex conquered a peak of 83,326.38 before settling at 82,948.23, lower by 131.43 points or 0.16%.
Nifty traded in a range of 200 points amid volatility. The fear gauge India VIX rose 6.2% to 13.37.
Top gainers & losers
The day belonged to bears as the Nifty breadth showed 33 stocks ending in the red while the remaining 17 in the green. The top gainers were Shriram Finance, Bajaj Finance, Bajaj Finserv, Nestle India and HDFC Bank while the top losers were TCS, Infosys, HCL Technologies, Tech Mahindra and Wipro.
Banking gauge Nifty Bank stood out, closing the day with over 1% gains at 52,750.40. Banks and financial services sectors were the only gainers among the Nifty sectoral indices. Among 16 Nifty sectoral indices, 11 closed in the red. Apart from Nifty IT which plunged over 3%, the other big losers were Nifty Pharma, Nifty Healthcare and Nifty Oil & Gas which by up to 1.53%.
Stock Trading
Market 101: An Insight into Trendlines and Momentum
By — Rohit Srivastava, Founder
Stock Trading
Markets 102: Mastering Sentiment Indicators for Swing and Positional Trading
By — Rohit Srivastava, Founder
Stock Trading
Market 103: Mastering Trends with RMI and Techno-Funda Insights
By — Rohit Srivastava, Founder
Stock Trading
Market 104: Options Trading: Kickstart Your F&O
