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Market Wrap, February 27: NIFTY50 falls for 7th session in a row; Ultratech Cement top loser
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4 min read | Updated on February 27, 2025, 16:27 IST
SUMMARY
The SENSEX and NIFTY50 indices for most part of the day traded in a narrow range with NIFTY50 index touching an intraday high of 22,613.30 and low of 22,513.
The NIFTY50 index slipped 2.50 points or 0.01% to close at 22,545
The National Stock Exchange benchmark, NIFTY50 index fell for the seventh session in a row on Thursday dragged down by losses in Ultratech Cement, Mahindra & Mahindra, Kotak Mahindra Bank, State Bank of India and ITC. However, the decline was capped owing to buying interest in heavyweights like HDFC Bank, Bajaj Finance, Bajaj Finserv, Reliance Industries and Sun Pharma.
The SENSEX and NIFTY50 indices for most part of the day traded in a narrow range with NIFTY50 index touching an intraday high of 22,613.30 and low of 22,513 while SENSEX traded in a band of 306 points.
The NIFTY50 index slipped 2.50 points or 0.01% to close at 22,545 and the 30-share SENSEX rose 10 points to close at 64,560.
The sluggishness in today's session was attributed to the monthly expiry of February futures and option contracts and weakness in global markets. European markets fell after US President Donald Trump announced tariffs on European imports to the tune of 25% starting next week. Euro Stoxx 50 index dropped 0.72%, Germany's DAX fell 0.95%, France's CAC40 index fell 0.3% while England's FTSE100 rose 0.25%.
Market statistics
Out of 4,072 shares traded on the BSE a total of 3,026 ended lower while 947 closed higher on the BSE while 99 shares ended unchanged.
A total of 52 stocks hit their 52-week highs while 466 stocks touched their one-year lows. Besides, 132 stocks hit their upper circuit limits and 381 touched their lower circuit bands on Thursday.
Stocks in news
NIFTY50 gainers and losers
Broader markets
The broader markets outperformed their larger peers as NIFTY MIDCAP100 index fell 1.34% and NIFTY SMALLCAP100 index tumbled nearly 2%. INOX Wind, PVR Inox, Apar Industries, KEC Industries and Finolex Cables were top losers in the small-cap space.
In the mid-cap space, Polycab was the top loser, down 19%. BSE, Prestige, Suzlon and IREDA were also among the top losers in the NIFTY MIDCAP100 index.
Sectoral picture
Thirteen of 19 sector gauges compiled by the National Stock Exchange ended lower led by the NIFTY MEDIA index's 3.58% fall. NIFTY REALTY, NIFTY PSU BANK, NIFTY PHARMA, NIFTY AUTO, NIFTY IT, NIFTY CONSUMER DURABLES and NIFTY FMCG indices also fell between 0.5-1.5%.
On the flipside, NIFTY BANK, NIFTY METAL and NIFTY FINANCIAL SERVICES indices ended higher.
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