Closing Bell: Indian market falls for the fifth straight session

Closing Bell: Indian market falls for the fifth straight session

by 5paisa Research Team Last Updated: Feb 23, 2023 - 04:45 pm 575 Views

In a volatile trading session, buying was witnessed in selected financials, metals and FMCG names while selling was seen in power and realty stocks.

Domestic equity bourses Sensex and Nifty exhibited rugged moves on the monthly expiry day for the February derivatives series. During the day, the Nifty50 index hit a high of 17,620 and a low of 17,455, before ending at 17,511, down 43 points or 0.25 per cent. The 50-share S&P BSE Sensex, meanwhile, settled at 59,605, falling by 139 points or 0.23 per cent. It hit a high of 59,960 and a low of 59,406 in today's trading.

Top gainers and losers

Top gainers on Thursday were Axis Bank, Tata Motors, ITC, Maruti Suzuki, SBI, Sun Pharma, Kotak Bank, and Tata Steel, while Asian Paints, IndusInd Bank, Titan Company, Bharti Airtel, L&T, Bajaj Finserv, HDFC Bank, and NTPC were the losers.

In the broader markets, the BSE midcap index slipped 0.4 per cent, while the BSE smallcap index gained 0.06 per cent.

Zee Entertainment in focus

Sector-wise, the Nifty Media index lost 2 per cent amid a drop in Zee Entertainment shares. The stock plummeted 14 per cent to hit a new 52-week low of Rs 176.60 per share on the BSE after the National Company Law Tribunal (NCLT) accepted IndusInd Bank’s insolvency petition against the company and admitted it into the corporate insolvency resolution process.

On the other hand, the Nifty FMCG index finished 0.26 per cent higher. Among the buzzing stocks, ITC hit a new summit at Rs 393.35 on the BSE with heavy volumes.

Stock market highlights

  • Shares of Adani Group saw a mixed day with eight stocks ending lower and two higher 

  • The market breadth was in favour of declines, as the advance-decline ratio was 4:5. 

  • BSE companies lost market cap for the fifth straight session, down over Rs 7 lakh crore in five days.

Share Market Today

How do you rate this article?


Start Investing in 5 mins*

Rs. 20 Flat Per Order | 0% Brokerage

About the Author

Our research team is composed of some highly qualified research professionals, their expertise range across sectors.


Investment/Trading in securities Market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equites and Derivatives can be substantial.
Open Free Demat Account
Resend OTP
Please Enter OTP
Account belongs to

By proceeding, you agree to the T&C.

Latest News
Plada Infotech Services IPO GMP (Grey Market Premium)

Plada Infotech Services Ltd is a fixed Price IPO, priced at ₹48 per share and is entirely a fresh issue offering. The ₹12.36 crore IPO of Plada Infotech Services Ltd comprises entirely of a fresh issue with no offer for sale (OFS) component.

  • Sep 27, 2023
Sharp Chucks And Machines IPO GMP (Grey Market Premium)

The IPO of Sharp Chucks And Machines Ltd comprises of a fresh issue and an offer for sale, being a fixed priced IPO priced at ₹58 per share.

  • Sep 27, 2023
Oneclick Logistics India IPO GMP (Grey Market Premium)

The ₹9.91 crore IPO of Oneclick Logistics India Ltd  comprises entirely of a fresh issue with no offer for sale (OFS) component in the IPO from promoters and early shareholders. It is a fixed price issue and the fixed price of the IPO has been set at ₹99 per share.

  • Sep 26, 2023