Sensex, Nifty Decline 1% Each; Banks, FMCG Top Losers; SBI Jumps 3%


by Sandip Das on 8 February 2024,  5 min read

Sensex, Nifty Decline 1% Each; Banks, FMCG Top Losers; SBI Jumps 3% - MyDhanush Blogs by Ashika

The Indian stock market ended deep in the red, down 1 percent on February 8, 2024. At close, Sensex was down 723.57 points at 71,428.43 while Nifty declined 212.55 points and ended the session at 21,717.95.

Around 1057 stocks advanced and 1512 stocks declined while 88 stocks remained unchanged.

Among sectors, auto, bank, realty, capital goods, and FMCG shed 0.6-2 percent each, while oil & gas, power, Information Technology, and PSU Bank index added 0.3-2 percent each.

Top Nifty50 Gainers
Company Name Last Traded Price (Rs) % Change
State Bank of India 699.8 3.64
BPCL 622.2 3.35
Power Grid 276 3.00
Coal India 461 1.84
Hindalco Industries 602.5 1.73
Top Nifty50 Losers
Company Name Last Traded Price (Rs) % Change
Kotak Mahindra Bank 1730 -3.49
Britannia Industries 4917.9 -3.16
Axis Bank 1036.9 -3.01
Nestle India 2425 -2.98
Eicher Motors 3811 -2.97
Asian markets end up mixed

Asian markets ended on a mixed note on February 8. Japan’s Nikkei jumped 2 percent while Kospi added 0.41 percent at 2,620. Hang Seng shed 1.28 percent at 15,878.07.

Also read: Jana Small Finance Bank IPO: Check Out Price Band, Issue Size & More
European markets trade higher

Major European markets were trading in the green with FTSE up 0.2 percent at 7,644.09 while CAC added 0.61 percent at 7,657.55. German DAX gained 0.17 percent at 16,950.19.

Disclaimer: The information provided in this blog post is for informational purposes only and should not be construed as investment or trading advice. The author is not a financial advisor and does not have any professional qualifications in this area. The author does not guarantee the accuracy or completeness of the information provided. Any action you take based on the information in this blog post is done at your own risk. Please consult with a financial advisor before making any investment decisions.

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