Closing Bell | Nifty tests 22,300 as I.T. stocks sulk; banks shine, Tata Motors leads autos higher
Market snaps 4-day winning streak .Nifty tests 22,300 but recovers from day’s low Broader markets underperform; smallcaps down over a percent .Market breadth in favour of losers .Nifty Bank stages smart rebound from day’s low . Catch Nandita Khemka as she discusses stocks on her radar including Tata Motors & HDFC Life
Taking Stock: Market snaps 4-day winning streak in a choppy session; IT, FMCG drag
The Indian equity benchmarks snapped their four-day winning run to end lower on March 5 on mixed global cues and selling in information technology and FMCG names in a highly volatile session.
The market started the session on a negative note and extended the losses as the day progressed but buying in the second half narrowed the losses.
Top Nifty gainers were Tata Motors, Bharti Airtel, Bajaj Auto, SBI and ONGC, while losers were Bajaj Finserv, Bajaj Finance, Nestle India, Infosys and SBI Life Insurance.
Mixed trend was seen on the sectoral front, with auto index up 1.3 percent, PSU Bank index up 2.5 percent and oil & gas, power and realty up 0.5 percent each, while IT and FMCG indices shed 1 percent each.
The BSE midcap index ended flat and the smallcap index shed 0.6 percent.
Among individual stocks, a volume spike of more than 500 percent was seen in Manappuram Finance, Tata Motors, Muthoot Finance.
Source: Money Control
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