Mumbai, 12 February (IANS). The Indian stock market saw a strong recovery from the lower levels in the Indian stock market. However, at the end of the session, the Sensex fell 122.52 points or 0.16 percent to 76,171.08 and the Nifty slipped 26.5 points or 0.12 percent at 23,045.25.
During the day, both the main indices saw strong recovery. The BSE benchmark saw a strong recovery of about 800 points from the lowest levels of 75,388.39 and a strong recovery of about 250 points from the lowest levels of 22,798.35 in the NSE benchmark.
The Nifty’s auto, IT, pharma, FMCG, realty, energy, infra, PSE and healthcare index saw a decline. PSU Bank and Financial Services and Metal Index saw a boom.
Pressure was also seen in largecap and midcap. The Nifty Midcap 100 index fell 131.55 points or 0.26 percent to close at 50,756 and the Nifty Smallcap 100 index 41.35 points or 0.26 per cent to close at 16,033.
The banking index saw strength. The Nifty Bank was up 76.05 points or 0.13 percent to 49,479.45.
According to market experts, if the Nifty does not break the levels of 22,786, then the Nifty can see recovery from 23,500 to 23,600. Currently, the obstruction level is 23,200 and support is 23,000.
The Sensex packs were Bajaj Finserv, Tata Steel, L&T, UltraTech Cement, Kotakbank, Tata Motors, HUL, Bharti Airtel, Tech Mahindra, HDFC Bank, SBI, NTPC and Bajaj Finance Top Gainers. M&M, ITC, Power Grid, Reliance Industries, IndusInd Bank and Titan were the top losis.
The rupee started firmly and rose by 45 paise or 0.50 percent at 86.43 in the morning, but saw a decline during the day and closed at 86.89.
The Indian stock market was open with a major decline. At 9:33 am, the Sensex was down by 428 points or 0.56 percent to 75,864 and the Nifty fell 130 points or 0.51 percent to 22,958.
-IANS
ABS/
