Nifty 50 Closes Below 19400, Sensex Drops 143 Pts; Realty & Auto Sectors Gains

November 9, 2023 admin

Sensex and Nifty 50 Today, 9 Nov 2023: Indian stock markets ended with minor cuts on Thursday amid mixed global cues. The domestic markets opened higher and turned negative soon after opening. Markets traded volatile in a tight range and closed marginally lower.

The market sentiments were positive at the opening as crude oil prices softened overnight. The volatility in the markets is due to weekly F&O expiry later in the day. Also, investors looked ahead to Fed Chair Jerome Powell`s speech later in the day.

The persistent foreign fund outflows also dented sentiments. Provisional data from the National Stock Exchange showed that foreign institutional investors offloaded shares worth Rs 84.55 crore on November 8.

However, the downside remained capped as S&P Global Ratings said India`s economy has a track record of strong growth and retained its 6% growth forecast for the current fiscal year.

Sensex and Nifty 50 Today

The Nifty 50 index closed lower by 48.20 points or 0.25 percent and closed at 19395 levels while the Sensex was down by 143.41 points or 0.22 percent and finished at 64832.20 levels. The Bank Nifty index ended slightly higher by 24.95 points or 0.06 percent on the spot level and closed at 43683.60 levels.

The broader markets closed mixed today, as the Nifty midcap index was up by 90.80 points or 0.22 percent and closed at 40537.65 levels. The Nifty smallcap index ended lower by 32 points or 0.24 percent at 13303.15 levels.

Nifty 50 Top Gainers & Losers

The top gainers in the Nifty 50 index were M&M, Apollo Hospital, Coal India,POwer Grid, and Hero Motors, and the top losers were Adani Enterprise, HUL, Adani Ports, Tata Consumers, and ONGC.

The top gainers in the Nifty midcap index were PFC, Prestige Estate, Oberoi Realty and the top losers were Tube Invest India, Deepak Nitrate, and Oil .

The smallcap top gainers were Aeigies Chemical, Metropolies, and CDSL while the top losers were KRBL, Amber, and MCX

The most active stocks in the Nifty index in terms of value were Reliance, HDFC Bank, and ICICI Bank. The most active stocks in terms of volume were Tata Steel, Coal India, and NTPC.

On the sectoral front, the Realty, Auto, and Bank closed higher while the sectors that closed in the red were FMCG, IT, and Metal.

Global Stock Market Updates Today

The other Asian stock market indexes mostly ended higher on Thursday as China’s CPI inflation shrank more than expected in October, while the Producer Prices Index dropped a smaller-than-expected.

Shanghai Index closed flat to the positive, up by 0.03%. Japan’s Nikkei extended its early gains and closed higher by 1.47%. Australia’s S&P ASX 200 also trimmed some intraday gains and added 0.28%

South Korea’s Kospi advanced 0.22% after a sharp fall in the previous two sessions. Hang Seng closed marginally lower by 0.33%. Elsewhere, the Straits Times, Taiwan, and Jakarta Composite ended higher while the SET Composite ended in the red. European stock market indexes are trading mixed at this moment.

If you like the post “Nifty 50 Closes Below 19400, Sensex Drops 143 Pts; Realty & Auto Sectors Gains” please share it with others.

Share Market Books in Hindi | शेयर मार्किट हिन्दी बुक्स

Happy Investing!!

Editorial desk