Finance
Share Market Highlights : Equities and commodities fell on Thursday as concerns about global growth weighed on investor sentiment. Furthermore, market participants were concerned by weaker-than-expected domestic Q1FY23 GDP (gross domestic product) data, as well as a marginal drop in Manufacturing PMI for August.
The S&P BSE Sensex fell 1,014 points intraday before closing at 58,766.5, a 1.29 percent decrease. The Nifty50 also fell to a low of 17,468 before closing 216.5 points, or 1.22 percent, lower at 17,543.
Today, Reliance Industries fell 3%, accounting for nearly 30% of the Sensex’s losses. TCS, Sun Pharma, Tech M, HUL, Infosys, NTPC, HDFC, Bajaj Finance, Tata Steel, Power Grid, and ICICI Bank were also among the losers. Each of these stocks lost more than 1.5%.
The broader markets, on the other hand, remained relatively stable. The S&P BSE MidCap and SmallCap indices both finished 0.5% higher. Given this, the overall advance-decline ratio remained in favor of buyers, with 1,961 stocks rising on the BSE versus 1,469 falling on the bourses.
Among industries, the Nifty Realty index gained 1%, followed by the Nifty PSU Bank index (up 0.7 per cent). On the negative side, the Nifty IT index fell 1.9%, followed by the Nifty Pharma index (down 1.12 per cent).
Source:BS
