Sensex Ends 202 Points Lower; Power And Metal Stocks Witness Selling

Indian share markets witnessed most of the selling pressure during closing hours today and ended lower.

The BSE Sensex stood lower by 202 points, while the NSE Nifty closed down by 61 points.

The BSE Mid Cap index ended the day down by 0.7%, while the BSE Small Cap index ended down by 0.3%.

Sectoral indices ended on a mixed note with stocks in the power sector, metal sector and banking sector witnessing selling pressure, while energy stocks witnessed buying interest.

Asian stock markets ended on a mixed note as concerns around the ongoing coronavirus outbreak continued to weigh on investor sentiment.

As of the most recent closing prices, the Hang Seng was up 0.3% while the Nikkei was down 0.6%.

The rupee was trading at 71.38 against the US$.

Speaking of Indian share markets, we've been telling you about the rebound in smallcap stocks in 2020 for quite some time now.

And the market trend since the start of 2020 tells us, it's already happening!

Have a look at the chart below:

Smallcaps Are Way Ahead of the Sensex in 2020

As you can see, since the start of 2020, smallcaps have beaten largecaps by a wide margin.

But this is just the start.

We believe smallcaps have a long way to go.

Richa Agarwal, editor of our premium smallcap service Hidden Treasure, has nailed a high quality smallcap stock that could make big money for you in the ongoing smallcap rebound.

Also, Richa's One Stock Crorepati summit was a huge success. Thousands of her readers tuned in. If you missed it, you still have a couple of days to watch it. If you're interested in crorepati stocks, listen to Richa here.

In news from the textiles sector, shares of Page Industries slipped 8% today after the company reported 14.6% fall in its net profit at Rs 870 million for the quarter ended December 31, mainly due to higher expenditure.

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Disclosure: Equitymaster Agora Research Private Limited (Research Analyst) bearing Registration No. INH000000537 (hereinafter referred as 'Equitymaster') is an independent equity research ...

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