The key domestic indices ended on a weak note. Nifty Private Bank, Nifty Chemicals and Nifty Financial Services shares declined, while Nifty PSU Bank shares advanced.

As per provisional closing data, the barometer index, the S&P BSE Sensex, retreated 876.37 points or 1.17% to 73,852.90. The Nifty 50 index decreased by 257.20 points or 1.11% to 22,888.95. In the past three trading sessions, the Nifty and Sensex gained modestly by 1.18% and 1.47%, respectively.

The broader market performed better than frontline indices. The BSE 150 MidCap Index shed 1.04% and the BSE 250 SmallCap Index declined 1.29%.

The market breadth was negative. On the BSE, 1457 shares gained and 3840 shares fell. A total of 227 shares were unchanged.

HDFC Bank Ltd was the top traded stock in NIFTY50 index today, recording a quantity of 335.24 lakh shares and saw a sharp spurt of 38.07% compared to last one-week’s average daily volume. The stock has inched higher by around 1.02% in last one-month and has slumped 26.70% over last one year.

ICICI Bank Ltd was the second highest traded stock in NIFTY50 index today, recording a quantity of 251.49 lakh shares and posted a sharp rise of 148.97% compared to last one-week’s average daily volume. The stock has jumped by around 2.81% in last one-month and has eased 1.43% over last one year.

Index action

The Nifty PSU Bank index gained 2.46% to 8294.1 today. The index has eased by 0.39% in last one week and has posted modest losses of 2.19% over last one month. It has gained modestly by 5.28% in last one year. Union Bank of India (up 5.25%), Punjab National Bank (up 4.82%), Bank of Baroda (up 3.39%), Bank of India (up 3.34%) and Canara Bank (up 3.14%) moved higher.

The Nifty Private Bank index shed 1.85% to 27189.1 today. The index is marginally higher by 1.76% in last one week and has edged up 1.53% over last one month. It is down around 1.55% in last one year. Axis Bank Ltd (down 4.19%), Yes Bank Ltd (down 3.54%), HDFC Bank Ltd (down 2.31%), IDFC First Bank Ltd (down 2.24%) and Bandhan Bank Ltd (down 2.21%) went down.

The Nifty Chemicals index declined by 1.59% to 27914.3 today. The index has edged up by 1.41% in last one week and has drifted lower by 1.35% over last one month. It is down 2.80% in last one year. Himadri Speciality Chemical Ltd (down 8.30%), Deepak Fertilisers & Petrochemicals Corp Ltd (down 6.58%), Aarti Industries Ltd (down 4.77%), Swan Corp Ltd (down 3.43%) and Sumitomo Chemical India Ltd (down 3.06%) moved lower.

Global Markets

European markets saw a mild dip.

DOW futures are lower by 0.24% today.

NIFTY50 futures ended slightly lower by 0.97% at 22894 and are in a premium of 5 points compared to NIFTY50.