Stock market today: Nifty 50, Sensex end flat; mid, smallcaps suffer deep cuts; investors lose ₹4 lakh crore in a day
Retail inflation, IIP data to come today: Here's what experts expect Nifty 50 opened at 22,334.45 against the previous close of 22,332.65 and touched its intraday high and low of 22,452.55 and 22,256 respectively, during the session. The index finally closed 3 points up at 22,335.70. The Sensex opened at 73,516.42 against the previous close of 73,502.64 and touched its intraday high and low of 74,004.16 and 73,342.12 respectively.
The 30-share pack index settled 165 points, or 0.22 per cent, higher at 73,667.96 with 22 stocks in the red. Also Read: Market Close Highlights : Sensex ends up 160pts, Nifty at 22,335; PSB, Realty, Pharma, Health, Metal lose On the other hand, mid and smallcaps suffered massive losses. The BSE Midcap index fell 1.31 per cent while the Smallcap index cracked 2.11 per cent.
The BSE Smallcap index is down over 5 per cent in March so far, following a loss of about a per cent in February, on concerns over inflated valuations. Some 161 stocks, including SBI Cards and Payment Services, Sterlite Technologies, Alkyl Amines Chemicals, KRBL and Sumitomo Chemical India, hit their 52-week lows in intraday trade on the BSE today. The overall market capitalisation of BSE-listed firms dropped to nearly ₹385.7 lakh crore from ₹389.7 lakh crore in the previous session, making investors lose nearly ₹4 lakh crore in a single session.
Read more on livemint.com
