Home / Business and Economy / Nifty Infrastructure Sees Monthly Slip, Yearly Gain
Nifty Infrastructure Sees Monthly Slip, Yearly Gain
13 Jan
Summary
- Nifty Infrastructure index closed 1.14% lower today.
- The index has fallen 3.00% over the past month.
- Yearly performance shows a 15.00% gain for the index.
The Nifty Infrastructure index concluded today's trading session with a notable decline of 1.14%, settling at 9226.55. This marks a continuation of a downward trend, as the index has slipped 3.00% over the past month. Despite these recent setbacks, the infrastructure sector has demonstrated considerable resilience over a longer timeframe.
In contrast to its monthly performance, the Nifty Infrastructure index has surged an impressive 15.00% over the last year. This significant annual gain surpasses the benchmark Nifty 50 index's increase of 11.46% during the same period. Among its components, Oil & Natural Gas Corpn Ltd recorded a substantial rise of 3.42%, while Larsen & Toubro Ltd and Godrej Properties Ltd experienced drops of 3.27% and 2.69% respectively.
Other market indicators showed mixed results. The Nifty PSU Bank index edged up by 0.78%, and the Nifty Media index saw a modest increase of 0.76% today. In the broader market, the Nifty 50 declined by 0.22% to close at 25732.3, and the SENSEX fell by 0.30% to end at 83627.69.
