Mumbai
India’s domestic benchmark index closed in a red mark on Friday, the last trading day of the week. The Sensex closed at 75,939.21 at the end of the trading at 75,939.21 at the end of 199.76 points or 0.26 percent and closed at 22,929.25 after slipping 102.15 points or 0.44 percent. The Nifty Bank closed at 49,099.45 after a decline of 260.40 points or 0.53 percent. There was heavy pressure on the Nifty Midcap 100 index and the Nifty Smallcap 100 index.
At the end of the trading, the Nifty Midcap 100 index closed at 49,654.15 after a large decline of 1,227.05 points or 2.41 percent, while the Nifty Smallcap 100 index closed at 15,407.20 after falling 566.65 points or 3.55 percent.
Krishna Appala, Senior Research Analyst of Capital Mind Research, said, “Last week, there has been a huge decline in all indices in Indian equity markets. Since February 5, 2025, the Nifty 50 index has fallen by about 4 percent, now from September 2024, its record is about 13 percent below high levels. There is also a lot of pressure in the broad market. ”
He further said that the Smallcap index has entered the recession, which is trading below 20 percent of its peaks of December 2024. This fall stems from concerns about American tariff policies and slow corporate income, causing widespread selling. There was heavy selling especially in small-cap stocks.
LKP Securities, Senior Technical Analyst Roopak De said, “The recession on the Nifty continues, it closed below 23,000 after being above this level for a few days. The restment remains weak, even though the index managed to shut down 155 points from its lower level, as it continues to trading below the Critical Short Term Moving Average. The decisive decline from 22,800 can cause more nervousness in the market. At a higher level, 23,100 seems to be immediate resistance, above which the market may get some relief. ”
On the Bombay Stock Exchange (BSE) 681 shares of green mark and 3,320 shares closed in red mark, while 82 shares did not change.
The Sensex pack featured Sun Pharma, UltraTech Cement, IndusInd Bank, NTPC, Tata Steel, M&M, L&T, Axis Bank, Tech Mahindra, Kotak Mahindra Bank, Zomato and SBI top losis. At the same time, Nestle India, ICICI Bank, Infosys, HCL Tech, TCS and ITC were the top gainers.
Foreign institutional investors (FIIs) continued to sell equity for the seventh consecutive day on 13 February, with equity of Rs 2,789.91 crore, while domestic institutional investors (DIIs) bought equity of Rs 2,934.50 crore on the same day.
