Stock Market Update: Discover Today’s Top Gainers and Losers on NSE and BSE for February 13
Benchmark equity indices Sensex and Nifty experienced a significant decline on Friday, dropping over 1% amid a widespread selloff. The downturn was primarily driven by losses in metal, IT, and commodity stocks, reflecting weak cues from global markets. The 30-share BSE Sensex fell by 1,048.16 points, or 1.25%, closing at 82,626.76, while the 50-share NSE Nifty decreased by 336.10 points, or 1.30%, settling at 25,471.10.
Market Overview
The trading session on Friday was marked by volatility, with the Sensex hitting an intraday low of 82,534.55 after a drop of 1,140.37 points, or 1.36%. Similarly, the Nifty index fell to a low of 25,444.30 during the day, reflecting a slump of 362.9 points, or 1.4%. The overall market sentiment was dampened by concerns over upcoming US inflation data, which contributed to the cautious approach among investors. As a result, most sectors closed in the red, with significant losses observed across various indices.
Top Gainers and Losers
In the midst of the market downturn, a few stocks managed to stand out as gainers. On the Nifty50, Bajaj Finance led the pack with a rise of 2.57%, followed by Eicher Motors at 1.54% and SBI Life at 0.60%. Other notable gainers included SBI, Cipla, and Apollo Hospital, which saw marginal increases. Conversely, the top losers on the Nifty50 included Hindalco, which plummeted by 5.75%, followed by HUL and Eternal, which fell by 4.34% and 4.30%, respectively. Adani Enterprises and ONGC also faced significant declines, contributing to the overall negative sentiment in the market.
Sector Performance
The selloff was particularly pronounced in the metal sector, where profit-booking was observed amid a stronger dollar index. Analysts noted that reports of Russia’s return to the US-dollar settlement system raised concerns about potential sanctions relief, which could negatively impact metal companies’ earnings. Vinod Nair, Head of Research at Geojit Investments Limited, highlighted that fears surrounding AI-driven disruptions have also affected investor sentiment, particularly for Indian IT firms that rely on labor arbitrage. This cautious outlook has spread across the broader market, leading to declines in major indices.
Global Market Influence
The performance of Asian markets mirrored the negative sentiment seen in Indian equities, with benchmarks such as Hong Kong’s Hang Seng, Shanghai’s SSE Composite, Japan’s Nikkei 225, and South Korea’s Kospi all closing lower. European markets displayed mixed results during mid-session trading, while US equities had already ended the previous day down by up to 2%. The overall global market environment continues to exert pressure on domestic equities, as investors remain wary ahead of critical economic data releases.
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