Stock Market Closing Bell 29 Oct : Nifty ends below 17700 levels, Sensex slips 677 pts
Nifty ends below 17700 levels, Sensex slips 677 pts, IT and Bankings stocks were losers
Indian markets traded negatively today and extended their previous day’s losses. At the close, Nifty fell 185.60 points or 1.04 percent and finished at 17671.65 while Sensex declined 677.77 points or 1.13 percent and closed at 59306.93 levels. The Bank Nifty spot price also traded in the red zone today, it fell 393.35 points or 1 percent and ended at 39115.60 levels.
The broader markets also closed lower today. The Nifty midcap index closed marginally lower by 44.50 points or 0.15 percent and finished at 30469.55 levels. The smallcap index fell by 50 points or 0.46 percentage and ended at 10766.85 levels.
The top five gainers in the Nifty50 index for the day were Ultra Tech Cement, UPL, Cipla, Shree Cement, and Dr. Reddy’s Lab. The top five losers were TECHM, NTPC, IndusInd Bank, Kotak Bank, and Reliance. The most active stocks in the Nifty50 index in terms of value were Reliance, Axis Bank, and SBI. The most active stocks in the Nifty50 index in terms of volume were SBI, Tata Motors, and NTPC
On a sectoral front, Nifty PSU Bank, Metals, Pharma, Media, Realty sectors closed in the green. The sectors that dragged the markets were IT, Banks, Financial Services, and Energy.
Sensex and Nifty are trading in red, Metals stocks are in focus
Indian stock markets extended their previous session losses. Domestic markets are trading in red with a cut of around half a percent each in early deals due to selling in Utilities, Power, and Energy stocks. However, the downside remains capped as buying in Metals, Realty, and Basic Materials aided sentiments.
Some cautiousness crept in the markets as the Center extended the nationwide Covid-19 containment measures till November 30, as there has been localized spread of the virus in a few states and disease continues to be a public health challenge in the country.
Meanwhile, the city-based thinktank National Council for Applied Economic Research ( NCAER) said that most of the sectors are on their way to reaching pre-pandemic levels and surpassing them. It has also been said that the economic news has been favorable on balance, on account of better than projected fiscal outcomes, a rebound in most high-frequency indicators, and another impetus to policy reforms, including privatization of Air India.
Indian stock market Live Updates 29 Oct
At 1 pm, the benchmark indices, Sensex and Nifty are trading lower by 0.40 percent and 0.29 percent respectively. The Bank Nifty spot price is trading 0.41 percent down. The Nifty midcap is trading 0.39 percent higher whereas the smallcap index is trading 0.25 percent lower.
On a sectoral front, Nifty Metals, Media, Realty are trading in green whereas Energy, Financial Services and Banking sectors are trading in the red at this time.
Sensex and Nifty are trading flat
Indian stock market indexes opened lower amid mixed cues from the Asian markets. The US markets closed higher on Thursday as investors digested some key data and focused on the string of corporate earnings. Despite positive cues from Wall Street, Asian markets are trading mixed on Friday.
The Nifty today opened at 17833.05, down by 24.2 points while Sensex made a negative opening of 127.37 points at 59857.33 levels. The Bank Nifty spot price also opened lower by 84.4 points at 39424.55 levels.
Market Live Updates 29 Oct
At 10.30 am, the key benchmark indices, Sensex and Nifty are trading lower by 0.03 percent and 0.04 percent respectively. The Bank Nifty spot price is trading flat to positive at this moment, up only 0.12 percent. The Nifty midcap and smallcap indexes are trading lower by 0.04 percent and 0.47 percent respectively.
The top gaining stocks in the Nifty 50 index at this moment are Adani Ports, Tata Steel, and JSW Steel. The losing stocks are Eicher Motors, Kotak Mahindra, and HDFC.
On a sectoral front, Nifty Metals, Media, Realty, and Banking stocks are trading in the green whereas Energy and Financial Services sectors are trading in the red.
You can visit again this page to read more updates from the Indian stock market indexes today 29 Oct 2021
You may also like to read, Nifty and Bank Nifty Prediction for Tomorrow, 29 Oct 2021
Happy Investing,
Editor’s desk
