On Thursday, the Indian market benchmark indices fell for the second day in a row as rising oil prices left investors on edge. In the midst of the current Russia-Ukraine war, Brent crude futures rose above USD 120 per barrel. Throughout the session, the domestic indices fluctuated between gains and losses before settling lower.
The benchmark BSE Sensex fell 89 points, or 0.15 percent, to 57,596, while the wider NSE Nifty down 23 points, or 0.13 percent, to 17,223. Mid- and small-cap stocks ended on a high note, with the Nifty Midcap 100 index rising 0.59 percent and small-cap stocks up 0.43 percent.
Seven of the NSE's 15 sector indicators finished in the red. Nifty Bank, Nifty Consumer Durables, and Nifty Financial Services underperformed the index. Nifty IT, Nifty Metal, and Nifty Pharma all saw significant gains. The highest Nifty loser was Kotak Mahindra Bank, which fell 3.10 percent to RS 1,714.95. The laggards included Titan, HDFC (housing), HDFC Bank, and ICICI Bank.
The top losers on the Sensex were Kotak Bank, Titan, HDFC Bank, ICICI Bank, HDFC, Mahindra and Mahindra and Maruti. On the other hand, Dr Reddy's, UltraTech Cement, Reliance Industries, Tata Steel, Tech Mahindra, and NTPC were settled in the green.
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