- The Nifty and Sensex both closed lower today, with the Nifty down by 1.55% and the Sensex down by 1.45%.
- Midcap and small cap stocks underperformed the Nifty 50, with the Nifty Midcap 50 and the Nifty Small Cap 100 closing 1.82% and 2.83% down respectively.
- Top gainers in the Nifty index included Hero Motocorp, Tata Motors, and Mahindra & Mahindra, while the top losers were Larsen & Toubro, Asian Paints, and Bharat Petroleum Corporation.
Stock market update: Nifty and Sensex close lower, midcap and small cap stocks underperform.
Nifty and Sensex Close Lower
The Nifty closed at 22,302.5, down by 1.55% for the day. Throughout the day, the Nifty reached a high of 22,307.75 and a low of 21,932.4. The Sensex traded between 73,499.49 and 72,334.18, closing 1.45% down at 73,466.39, which was 1,062.22 points below the opening price.
Midcap and Small Cap Stocks Underperform
The midcap index underperformed the Nifty 50, with the Nifty Midcap 50 closing 1.82% down. Similarly, small cap stocks underperformed the Nifty 50, with the Nifty Small Cap 100 ending at 16,461.05, down by 465.35 points and 2.83% lower.
Top Gainers and Losers in the Nifty Index
In the Nifty index, the top gainers were Hero Motocorp (up 3.27%), Tata Motors (up 1.80%), Mahindra & Mahindra (up 1.38%), State Bank Of India (up 1.11%), and Bajaj Auto (up 1.11%). On the other hand, the top losers in the Nifty index were Larsen & Toubro (down 6.06%), Asian Paints (down 4.68%), Bharat Petroleum Corporation (down 4.54%), Coal India (down 4.51%), and Oil & Natural Gas Corporation (down 4.19%).
Conclusion
The stock market saw a downward trend today, with both the Nifty and Sensex closing lower. Midcap and small cap stocks underperformed the Nifty 50. Despite the overall downward trend, certain stocks such as Hero Motocorp, Tata Motors, and Mahindra & Mahindra saw gains. Investors are advised to keep a close watch on market trends and make informed decisions.
