Top 5 stocks of the day: Adani Enterprises, Adani Ports, Grasim Industries, JSW Steel and Bajaj Finance were among the major Nifty losers, while ITC, Bajaj Auto and Divis Laboratories gained the most. All the sectoral indices ended in the red. BSE midcap and the smallcap shed 1 percent each.
Sensex and NSE Nifty50
On February 22, benchmark indices finished lower for the fourth consecutive session, with the Nifty hovering around 17,550. The Sensex was down 927.74 points, or 1.53%, at 59,744.98, and the Nifty was down 272.40 points, or 1.53%, at 17,554.30 at the close. Approximately 928 shares have advanced, 2451 shares have declined, and 127 shares have remained unchanged.
Top 5 stocks of the day: Top Stock Losers (Intra-day)
| Company | CMP | Chg(%) | Volume |
|---|---|---|---|
| Adani Trans | 788.75 | -5 | 3.81k |
| Adani Power | 162.60 | -5 | 4.14m |
| Adani Green Ene | 539.30 | -4.99 | 123.29k |
| Tata Power | 203.15 | -2.28 | 1.00m |
| NTPC | 169.45 | -2.17 | 975.46k |
| Power Grid Corp | 214.30 | -1.27 | 57.96k |
| CG Power | 316.20 | -1.19 | 124.54k |
| JSW Energy | 221.35 | -1.01 | 40.78k |
| Siemens | 3,261.60 | -0.89 | 7.35k |
| ABB India | 3,143.65 | -0.81 | 6.34k |
New Zealand hikes rates to over 14-year highs, flags more to come
On Wednesday, New Zealand’s central bank raised interest rates by 50 basis points to a more than 14-year high of 4.75%, and said it expects to tighten further as inflation remains too high, sending the local currency surging.
The Reserve Bank of New Zealand (RBNZ) said it was too early to assess the policy implications of the recent devastating cyclone and floods in the country’s North Island, and expects to look past the short-term price pressures stemming from the “extreme weather events”.
Top 5 stocks of the day: Peninsula Land gets board approval for fundraising:
Peninsula Land has received board approval to issue 1.45 crore equity shares and 1.53 crore warrants convertible into equity shares for Rs 41.72 crore via preferential allotment on a private placement basis at a price of Rs 14 per share and warrant, respectively. This fund raising is subject to shareholder approval next month.
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