Explorer

Share Market Today: Indices Close Lower, Sensex Settles Under 78,500, Nifty About 26 Points Down

This almost flat ending to the trading session was attributed to the investors who preferred to remain on the sidelines on the lookout for more triggers as foreign fund outflows continued

The stock market on Tuesday ended slightly lower after opening trading on a high note. The BSE Sensex closed the session more than 50 points lower at 78,472.87, while the NSE Nifty50 settled for the day at 23,727.65, about 26 points down.

This almost flat ending to the trading session was attributed to the investors who preferred to remain on the sidelines on the lookout for more triggers as foreign fund outflows continued. 

On the 30-share Sensex platform, Tata Motors, ITC, Nestle, M&M, and TCS emerged among the gainers. On the other hand, PowerGrid, State Bank of India, Titan, Tata Steel, and IndusInd Bank remained among the laggards for the day.

Foreign Institutional Investors (FIIs) dumped Indian equities worth Rs 168.71 crore on Monday, according to official exchange data. In Asian markets, Shanghai and Hong Kong closed the day higher, while Seoul and Tokyo settled in the negative territory. Wall Street ended trading on Monday in green. The global oil benchmark Brent crude climbed 0.62 per cent to touch $73.08 a barrel.

The broader markets settled for the day on a mixed note. The Nifty Midcap 50 index dominated among the laggards. Meanwhile, the Nifty Microcap 250 index climbed 0.63 per cent by the end of the session. 

Sector-wise, the Nifty Auto closed on a high at 0.57 per cent, followed by the FMCG and Oil & Gas indices which gained 0.54 per cent each. On the other hand, the Nifty Metal index declined 0.83 per cent.

The Indian rupee continued to drag for the second straight session and depreciated 9 paise to close at a fresh all-time low of 85.20 (provisional) against the US dollar on Tuesday. This decline was attributed to a robust American currency and weak domestic equities.

Anuj Choudhary, Research Analyst, Mirae Asset Sharekhan, said, "The rupee fell to a fresh all-time low on weak domestic markets and a strong US dollar due to increased demand from importers and surging crude oil prices."

View More
Advertisement
Advertisement
Mon Feb 24, 8:27 am
connaught place
25.9°
Precipitation: 0 mm    Humidity: 37%   Wind: W 6.4 km/h
See Today's Weather
Powered By:
Accu Weather
Advertisement

Top Headlines

Budget 2025 LIVE Updates: Indices End Trading On A Flat Note, New Tax Regime Slabs Revised
Budget 2025 LIVE Updates: Indices End Trading On A Flat Note, New Tax Regime Slabs Revised
Budget ‘Cruelly Ignores’ Andhra Pradesh But ‘Bonanza’ For Bihar: Congress Slams Govt, Alleges ‘Tax-Terrorism’
Budget ‘Cruelly Ignores’ Andhra Pradesh But ‘Bonanza’ For Bihar: Congress Slams Govt, Alleges ‘Tax-Terrorism’
'Kejriwal Fought The Battle For Middle Class': AAP After Nirmala Sitharaman Grants Tax Relief
'Kejriwal Fought The Battle For Middle Class': AAP After Nirmala Sitharaman Grants Tax Relief
Hamas Frees 2 More Hostages For Fourth Exchange. Israel Asks ‘Where Are The Bibas Babies?’
Hamas Frees 2 More Hostages For Fourth Exchange. Israel Asks ‘Where Are The Bibas Babies?’
Advertisement
ABP Premium

Videos

Union Budget 2025: Arvind Kejriwal lists the shortcomings of the Modi government's budget | ABP News | AAPBreaking News: 'Government has provided a major tax relief in this budget' | Budget 2025Budget 2025: What did Defence Minister Rajnath Singh say about the budget? | PM ModiUnion Budget 2025: Nitin Gadkari explains how the budget will benefit the country | ABP News

Photo Gallery

Embed widget