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The key domestic indices ended with modest losses. Nifty Private Bank, Nifty Bank and Nifty Media shares advanced, while Nifty Realty and Nifty Metal shares retreated.
As per provisional closing data, the barometer index, the S&P BSE Sensex, lost 120.83 points or 0.16% to 74,781.76. The Nifty 50 index moved lower by 79.70 points or 0.34% to 23,398.10. In the past three trading sessions, the Nifty and Sensex drifted lower by 1% and 1.05%, respectively.
The broader market performed better than frontline indices. The BSE 150 MidCap Index edged lower by 0.35% and the BSE 250 SmallCap Index inched down 0.49%.
The market breadth was negative. On the BSE, 2121 shares rose and 2968 shares declined. A total of 236 shares were unchanged.
Tata Steel Ltd was the top traded stock in NIFTY50 index today, recording a quantity of 315.1 lakh shares and registered a sharp increase of 7.57% compared to last one-week’s average daily volume. The stock has retreated by around 1.82% in last one-month and has rallied 10.24% over last one year.
HDFC Bank Ltd was the second highest traded stock in NIFTY50 index today, recording a quantity of 314.12 lakh shares and posted a sharp rise of 34.04% compared to last one-week’s average daily volume. The stock has slumped by around 5.09% in last one-month and has lost significant ground 28.17% over last one year.
Index action
The Nifty Private Bank index advanced slightly by 0.48% to 27436.0 today. The index is slightly lower by 1.59% in last one week and has slipped by 0.83% over last one month. It is up 2.92% in last one year. Yes Bank Ltd (up 5.29%), HDFC Bank Ltd (up 2.08%), Bandhan Bank Ltd (up 1.45%), Kotak Mahindra Bank Ltd (up 0.59%) and RBL Bank Ltd (up 0.43%) rose.
The Nifty Realty index dropped sharply by 2.70% to 848.5 today. The index has dropped sharply by 4.81% in last one week and has inched lower by 2.88% over last one month. It edged lower by 1.33% in last one year. Godrej Properties Ltd (down 6.62%), Aditya Birla Real Estate Ltd (down 4.17%), Lodha Developers Ltd (down 4%), Prestige Estates Projects Ltd (down 2.95%) and Oberoi Realty Ltd (down 2.84%) slipped.
The Nifty Metal index declined by 2.30% to 12999.05 today. The index has edged up by 0.98% in last one week and has risen slightly by 0.59% over last one month. It is sharply higher by 36.33% in last one year. Welspun Corp Ltd (down 3.61%), National Aluminium Company Ltd (down 3.31%), Hindalco Industries Ltd (down 3.21%), JSW Steel Ltd (down 2.99%) and Hindustan Zinc Ltd (down 2.89%) went down.
*9 out of 10 individual traders in equity Futures and Options Segment, incurred net losses.
*On an average, loss makers registered net trading loss close to ₹ 50,000.
*Over and above the net trading losses incurred, loss makers expended an additional 28% of net trading losses as transaction costs.
*Those making net trading profits, incurred between 15% to 50% of such profits as transaction cost.
SEBI study dated January 25, 2023 on “Analysis of Profit and Loss of Individual Traders dealing in equity Futures and Options (F&O) Segment”, wherein Aggregate Level findings are based on annual Profit/Loss incurred by individual traders in equity F&O during FY 2021-22.
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