March 01, 2023 / 08:00 AM IST

Market on Tuesday:

The Indian market ended decrease for the eighth straight session on February 28 amid promoting within the steel, oil & fuel, healthcare and knowledge expertise names. Investors additionally turned cautious forward of the GDP numbers to be launched later within the day.

At shut, the Sensex was down 326.23 factors, or 0.55 p.c, at 58,962.12, and the Nifty was down 88.70 factors, or 0.51 p.c, at 17,304.

After a muted begin, the market remained range-bound within the morning however promoting within the afternoon pulled the indices down, with Nifty slipping to the day’s low of 17,250.

In February, the Sensex shed a p.c and the Nifty50 2 p.c.

Cipla, Hindalco Industries, Dr Reddy’s Laboratories, ONGC and Tata Steel have been among the many greatest losers on the Nifty. Gainers included Adani Enterprises, Adani Ports, Asian Paints, Britannia Industries and Power Grid Corporation.

Among sectors, the Nifty pharma index shed 1.3 p.c and the vitality index was down a p.c. Metal and knowledge expertise every ended 0.8 p.c down. However, auto and PSU Bank indices rose 0.4 p.c every.

Broader indices outperformed the benchmarks, with the BSE midcap rising 0.6 p.c and the smallcap index ending 0.4 p.c greater.

On the BSE, data expertise, steel, oil & fuel and healthcare indices fell 0.8-1.2 p.c however auto, realty and energy have been up 0.5-1.2 p.c.