Mint Evening Market Wrap

Markets closed lower for the second consecutive day after a volatile session on Friday. The BSE Sensex ended at 58,644.82, down 143.20 points or 0.24%. The Nifty was at 17,516.30, down 43.90 points or 0.25%. Metals led the sectoral gainers while Realty, Banks and Auto fell most. Sun Pharma, Asian Paints, UltraTech Cement, Tata Steel and L&T were top gainers in the Sensex. Among laggards were State Bank of India, M&M, NTPC, Kotak Mahindra Bank and Wipro.

Markets fell sharply on Thursday after three days of rise as budget euphoria seems to be gradually waning off. The BSE Sensex ended at 58,788.02, down 770.31 points or 1.29%. The Nifty was at 17,560.20, down 219.80 points or 1.24%.

Markets gained for the third consecutive session on Wednesday buoyed by the Union Budget. The BSE Sensex ended at 59,558.33, up 695.76 points or 1.18%. The Nifty was at 17,780, up 203.15 points or 1.16%.

Markets gained over 1% in a volatile session on budget day driven by infra spending and increase in overall capex. The BSE Sensex closed at 58,862.57, up 848.40 points or 1.46%. The Nifty was at 17,576.85 , up 237 points or 1.37%.

Markets made gains on Monday ahead of the Union budget tomorrow. The macro indicators of the Economic survey presented today boosted confidence that the country is well placed to face future challenges with GDP growth for FY23 projected at 8-8.5%. The BSE Sensex ended at 58,014.17, up 813.94 points or 1.42%. The Nifty was at 17,339.85, up 237.90 points or 1.39%.

Markets gave up early gains to close almost flat on Friday. The BSE Sensex ended at 57,200.23, down 76.71 points or 0.13%. The Nifty was at 17,101.95, down 8.20 points or 0.05%.

Markets continued to remain under pressure on Thursday following US Federal Reserve’s rate hike comments and rising crude prices. The BSE Sensex ended at 57,276.94, down 581.21 points or 1%. The Nifty was at 17,110.15, down 167.80 points or 0.97%.

Markets snapped a five-day losing streak on Tuesday even as the other Asian peers continued their decline. The BSE Sensex ended at 57,858.15, up 366.64 points or 0.64%. The Nifty was at 17,277.95, up 128.85 points or 0.75%.

Pressure continued to mount on markets as equities saw sharpest single day decline in several months on Monday. The BSE Sensex ended at 57,491.51, down 1545.67 points or 2.62%. The Nifty was at 17,149.10, down 468.05 points or 2.66%

Markets ended flat for another day. The BSE Sensex was at 61,223.03,down 12.27 points. The Nifty was at 18,255.75, down 2.05 points or 0.01%.