New Delhi, February 13:The domestic stock market closed lower on Thursday, with both major indices ending in the red amid weakening US interest rate cut expectations and concerns over AI-driven disruptions. The BSE Sensex fell 558.72 points (0.66%) to close at 83,674.92, while the NSE Nifty slipped 146.65 points (0.57%) to 25,807.20. During the day, the Sensex touched a low of 83,516.67, down 716.97 points at one point.
Sectoral Performance
The sharpest pressure was seen in IT stocks, with Tech Mahindra, Infosys, and TCS losing nearly 6%. Other notable laggards included HCL Technologies, Mahindra & Mahindra, Hindustan Unilever, Reliance Industries, HDFC Bank, Indigo, Kotak Mahindra Bank, and Adani Ports.
On the other hand, Bajaj Finance, ICICI Bank, State Bank of India, Bharat Electronics, Asian Paints, Larsen & Toubro, Bharti Airtel, and Tata Steel closed with gains, reflecting pockets of resilience in the market.
Stocks Showing Strong Buying Interest
Investors are showing strong buying interest in the following stocks, which have recently breached their 52-week highs, signaling potential upward momentum:
- Lenskart Solutions
- Crown Lifters
- Avanti Feeds
- Apex
- Ratnamani Metals & Tubes
- Yatra Online
- Sky Gold and Diamonds
Stocks Indicating Weakness
Meanwhile, the MACD indicator suggests bearish trends in several stocks, including:
- Tech Mahindra, TCS, Infosys
- Dhruv Consultancy Services, Network People Services Technologies
- Vodafone Idea, Hindustan Unilever, LG Electronics
This signals that these shares could face further downward pressure in the short term.
Disclaimer: This analysis is based on observations by individual analysts and brokerage firms and does not constitute official advice from NBT. Investors are urged to consult certified financial advisors before making investment decisions, as market conditions can change rapidly.
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