NIFTY 5023,721.3
183.45(0.78%)
SENSEX78,053.52
712.44(0.92%)
NIFTY BANK52,606
902.05(1.74%)
NIFTY NEXT 5071,360.85
-281.40(-0.39%)
NIFTY 10024,757.8
136.20(0.55%)
NIFTY MIDCAP 5015,659.85
-47.80(-0.30%)
NIFTY SMLCAP 508,561.15
33.80(0.40%)
MIDCAP46,020.08
-117.82(-0.26%)
NIFTY MID SELECT12,282.1
6.20(0.05%)
AMARA RAJA ENERGY MOB LTD1,646.2
266.15(19.29%)
CRAFTSMAN AUTOMATION LTD5,463.8
633.05(13.10%)
HAPPIEST MINDS TECHNO LTD830.55
-86.80(-9.46%)
MACROTECH DEVELOPERS LTD1,480.3
-68.65(-4.43%)
NIFTY 5023,721.3
183.45(0.78%)
SENSEX78,053.52
712.44(0.92%)
NIFTY BANK52,606
902.05(1.74%)
NIFTY NEXT 5071,360.85
-281.40(-0.39%)
NIFTY 10024,757.8
136.20(0.55%)
NIFTY MIDCAP 5015,659.85
-47.80(-0.30%)
NIFTY SMLCAP 508,561.15
33.80(0.40%)
MIDCAP46,020.08
-117.82(-0.26%)
NIFTY MID SELECT12,282.1
6.20(0.05%)
AMARA RAJA ENERGY MOB LTD1,646.2
266.15(19.29%)
CRAFTSMAN AUTOMATION LTD5,463.8
633.05(13.10%)
HAPPIEST MINDS TECHNO LTD830.55
-86.80(-9.46%)
MACROTECH DEVELOPERS LTD1,480.3
-68.65(-4.43%)

Market Movers

Today's Gainers
Today's Losers
NameLastChg.%Vol.
AMARA RAJA ENERGY MOB LTD
1,646.20
+19.29%
266.15M
CRAFTSMAN AUTOMATION LTD
5,463.80
+13.10%
633.05M
GARDEN REACH SHIP&ENG LTD
1,946.05
+11.01%
192.95M
RAYMOND LTD
2,779.40
+6.46%
168.60M
WELSPUN CORP LIMITED
541.75
+5.74%
29.40M

Trending Stocks

Trending ETFs
UpTrend
NameLastChg.%Vol.
NIP IND ETF GOLD BEES
60.75
+0.21%
0.13M
NIP IND ETF PSU BANK BEES
82.02
+0.18%
0.15M
CPSE ETF
92.91
-0.67%
-0.63M
NIP IND ETF IT
37.89
+1.09%
0.41M
NIP IND ETF LIQUID BEES
1,000.00
+0.00%
0.00M

Stock Action

52 Week High
52 Week Low
NameLastChg.%Vol.
ELGI EQUIPMENTS LTD
743.30
-3.37%
-25.90M
GKW LIMITED
2,850.45
+2.33%
64.80M
CUMMINS INDIA LTD
4,006.80
-0.88%
-35.70M
PODDAR PIGMENTS LIMITED
456.60
-2.56%
-12.00M
SUZLON ENERGY LIMITED
53.60
-2.01%
-1.10M
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  1. Financials weigh on Indian markets amid spike in volatility

Market News

Financials weigh on Indian markets amid spike in volatility

Author

2 min read | Updated on February 05, 2024, 17:52 IST

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SUMMARY

Both indexes rose about 0.5% each during the session, before reversing gains in the final hour of the trading session.

stock-market-2616931_1280 (1).jpg

The Nifty volatility index rose 6.26% to hover around its 10-month high.

Bengaluru, 5 February: Indian shares succumbed to selling pressure in a volatile session, as a pullback in financials after a recent rally weighed and fading hopes of an early U.S. rate cut also hurt sentiment.

The NSE Nifty 50 index fell 0.38% to 21,771.70, while the S&P BSE Sensex settled 0.49% lower at 71,731.42.

Both indexes rose about 0.5% each during the session, before reversing gains in the final hour of the trading session.

The Nifty volatility index rose 6.26% to hover around its 10-month high, hit on Jan. 30.

Financial services, the highest weighted of the 13 major sectoral indices, fell 0.58%. It had gained 1.7% in the previous week, its best in two months.

Meanwhile, fading hopes of early rate cuts in the US, on the back of strong labour market data and weakness in China's market, dragged Asian equities down.

On the other hand, auto stocks gained 1.21%, led by Tata Motors, which surged 5.47% to a record high after reporting a more than two-fold rise in December-quarter profit.

Oil and gas stocks gained 1.44%. Bharat Petroleum Corporation Ltd, Hindustan Petroleum Corporation Ltd and Indian Oil Corporation extended their post-results rally, rising between 2.9% and 7%.

Agriculture chemicals maker UPL tumbled 11.18% on weak quarterly results. One 97 Communications slumped further after a regulatory crackdown, dropping 10%.

(The story has been published from Reuters without any major changes)

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Upstox News Desk
Upstox News Desk is a team of journalists who passionately cover stock markets, economy, commodities, latest business trends, and personal finance.

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