Closing Bell: Investor alert before the results of MPC meeting, Sensex dropped 300 points, Nifty below 23,700; L&T, ITC shares formed pressure

The Indian equity market closed with a red mark on February 5, where the Nifty fell below 23,700, while the Sensex fell to 313 points. Binchmark Equity Index BSE Sensex and NSE Nifty closed in red mark after Wednesday’s fluctuating session Did The BSE Sensex fell 312.53 points or 0.40 percent to close at 78,271.28. In day -to -day trading, the Sensex touched the highest level of 78,735.41 and a low of 78,226.26.

Like the Sensex, the NSE Nifty 50 also closed down. It fell 42.95 points or 0.18 percent to close at 23,696.30. The Nifty 50 recorded the highest level of the day 23,807.30, while the minimum level 23,680.45 recorded.

25 shares of Nifty 50 closed in red mark. These included Asian Paints, Titan Company, Nestle India, Britannia Industries and Tata Consumer, which saw a maximum of 3.40 percent decline. On the other hand, ONGC, Hindalco, Apollo Hospitals and BPCL were among the top gainers, who took a lead of up to 2.90 percent.

The broader market performed better than the benchmark index, where small-cap stocks had the highest growth. The Nifty Smallcap 100 index rose by 1.85 percent, while the Nifty Midcap 100 index gained 0.68 percent.

The sectoral index of the NSE also closed most of the green scars, although the Nifty FMCG, Realty, Auto and Consumer Durables Index closed down by 1.75 per cent. In other sectors, Nifty PSU Bank, Metal, OMC and Media Index closed with a gain of over 1 percent.

How was the market move on Tuesday?

The major benchmark index BSE Sensex and Nifty climbed around 2% on Tuesday. This is the biggest one -day rally of both benchmarks in the last one month. The Sensex climbed 1397.07 points or 1.81% to close at 78,583.81. The Nifty closes at 23,739.25 with a brilliant strength of 378.20 points or 1.62%.

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