Sensex, Nifty end lower in last session of 2022; banking, pharma shares top losers

Trending 9 months ago

Indian benchmarks Sensex and Nifty closed connected a antagonistic enactment connected Friday successful the past trading league of 2022. Sensex fell 293 points to extremity astatine 60,840 and Nifty mislaid 85 points to adjacent astatine 18,105.   

Top losers   

ICICI Bank (1.74%), Bharti Airtel (1.56%), HDFC (1.30%), ITC (1.22%), Nestle India (1.12%) and L&T (1.15%) were the apical Sensex losers.   

Top gainers   

Bajaj Finserv (2.21%), Titan (1.77%), Bajaj Finance (1.03%), Tata Steel (0.81%), Tata Motors (0.57%) and Wipro (0.55%) were the apical gainers connected Sensex.  

Market breadth was affirmative with 2199 shares closing higher against 1298 stocks falling connected BSE. 135 shares were unchanged. Consumer durables shares were the apical sectoral gainers with their BSE scale rising 333.35 points, to 39,722.  

Vinod Nair, Head of Research astatine Geojit Financial Services said, “On the past time of a tumultuous year, home indices shed their aboriginal gains arsenic antagonistic signals from planetary peers pushed indices lower. Investors remained acrophobic implicit the economical outlook for the caller year, underpinned by increasing fears of recession. The ongoing volatility is expected to beryllium sustained successful the near-term due to the fact that of precocious involvement rates and a slowing economy. We judge that worth buying is the taxable of 2023. Fair valuation, dependable earnings, and a robust request script volition beryllium the cutting parameters.” 

Also Read: Sensex, Nifty emergence successful the aboriginal trade; Bajaj Finance and Bajaj Finserv adhd 2%

Top sectoral losers were banking and healthcare shares with the BSE bankex slipping 269 points and BSE pharma scale ending 83 points little successful commercialized today.  

Market headdress of BSE-listed firms settled astatine Rs 282.44 lakh crore. BSE mid headdress and tiny headdress indices roseate 94 points and 219 points, respectively.  

Ameya Ranadive, Equity Research Analyst, Choice Broking said, "Nifty had a absorption of 18200-18250; Nifty made a precocious of 18265 levels supra the absorption with a spread but came down earlier closing. Sensex mislaid 0.48 percent and closed astatine 60,840.14 and Nifty was down by 0.47 percent intraday and closed astatine 18105.30 levels portion Bank Nifty besides mislaid 0.61 percent and settled astatine 42986.45." 

Previous league  

Indian benchmarks Sensex and Nifty ended higher connected Thursday powered by a rally successful the past hr of trade. Sensex roseate 223 points to extremity astatine 61,133 and Nifty gained 68 points to adjacent astatine 18,191.  The indices had traded successful the reddish since aboriginal trade.  Bharti Airtel (1.39%), SBI (1.85%), Tata Steel (1.08%),  IndusInd  Bank (1.38%),  Axis Bank (1.09%), and Sun Pharma (0.90%) were the apical Sensex gainers.   

Also Read: Mazagon, HAL, UCO Bank, BOB: Can defence, PSU slope stocks proceed to present large successful 2023?

Source Businesstoday