The key domestic indices closed marginally lower. Nifty Media, Nifty Chemicals and Nifty Auto shares rose, while Nifty FMCG and Nifty PSU Bank shares retreated.

As per provisional closing data, the barometer index, the S&P BSE Sensex, posted modest losses of 547.65 points or 0.76% to 71,924.68. The Nifty 50 index inched down 157.10 points or 0.70% to 22,363.35. In the past three trading sessions, the Nifty and Sensex eased by 1.06% and 0.98%, respectively.

The broader market outpaced the frontline indices. The BSE 150 MidCap Index edged higher by 0.13% and the BSE 250 SmallCap Index increased by 1.08%.

The market breadth was weak. On the BSE, 2564 shares gained and 2759 shares declined. A total of 255 shares were unchanged.

Tata Steel Ltd was the top traded stock in NIFTY50 index today, recording a quantity of 270.8 lakh shares and recorded a sharp spurt of 35.05% compared to last one-week’s average daily volume. The stock has dropped sharply 7.92% in last one-month and has declined slightly 1.49% over last one year.

HDFC Bank Ltd was the second highest traded stock in NIFTY50 index today, recording a quantity of 181.98 lakh shares and posted a sharp drop of 45.77% compared to last one-week’s average daily volume. The stock has rallied 2.93% in last one-month and has plunged 27.62% over last one year.

Index action

The Nifty Media index rose sharply by 4.60% to 1624.8 today. The index is marginally lower by 0.46% in last one week and has risen slightly by 1.76% over last one month. It has slipped by 0.27% in last one year. Prime Focus Ltd (up 7.99%), Tips Music Ltd (up 7.21%), Nazara Technologies Ltd (up 7.16%), Zee Entertainment Enterprises Ltd (up 5.73%) and PVR Inox Ltd (up 5.58%) gained.

The Nifty Chemicals index moved higher by 1.24% to 28316.35 today. The index is modestly lower by 0.06% in last one week and has fallen 7.07% over last one month. It is down 4.16% in last one year. Tata Chemicals Ltd (up 8%), UPL Ltd (up 5.40%), Aarti Industries Ltd (up 2.99%), Gujarat Fluorochemicals Ltd (up 2.85%) and Navin Fluorine International Ltd (up 2.50%) advanced.

The Nifty FMCG index retreated by 1.67% to 44113.4 today. The index has edged up by 0.64% in last one week and has posted modest losses of 0.98% over last one month. It fell sharply by 17.99% in last one year. Dabur India Ltd (down 3.18%), ITC Ltd (down 3.05%), Colgate-Palmolive (India) Ltd (down 2.79%), Hindustan Unilever Ltd (down 1.94%) and Varun Beverages Ltd (down 1.75%) fell.

The Nifty PSU Bank index moved lower by 1.18% to 8030.65 today. The index is slightly higher by 1.39% in last one week and has drifted lower by 2.90% over last one month. It is up 7.36% in last one year. Indian Bank (down 1.89%), State Bank of India (down 1.89%), Indian Overseas Bank (down 1.08%), Canara Bank (down 1.01%) and Union Bank of India (down 1%) dropped.

Global Markets

European markets showed a slight improvement.

DOW futures are scarcely higher by 0.14% today.

NIFTY50 futures closed with a modest loss of 0.94% at 22400 and are in a premium of 37 points compared to NIFTY50.