Nifty 50 index end below 18350, Sensex down 230 pts today
Sensex and Nifty 50 index today: It was a negative start for the Indian stock markets on Thursday amid weak global cues on rising geopolitical tension. The Nifty index opened at 18358.70 levels down by 50.95 points while Sensex made a negative start at 61812.36 levels down by 168.36 points. The domestic markets traded below their neutral line and later closed lower after a volatile session today.
Stock Market News and Updates Today
Indian markets traded volatile in a tight range due to the expiry of weekly index options on the NSE today. The sentiments were also downbeat as Foreign institutional investors were the net sellers in the last two trading sessions, FIIs sold Rs 386.06 crore worth of shares in the Indian equity markets on November 16.
However, the downside remained capped with the commerce ministry`s report showing that India`s exports to the UAE increase since the free trade agreement. The free trade agreement which was implemented on May 1, rose by 17.6 percent to about $18 billion during April-October this fiscal.
On the global front, most of the Asian markets were closed in the red following the broadly negative cues from global markets overnight. Traders were cautious about the geopolitical tension following a missile blast in Poland. The better-than-expected retail sales data in the U.S. added uncertainty about the outlook for interest rate hikes. Meanwhile, Japan posted a merchandise trade deficit of 2,162.3 billion yen in October. European markets are trading mixed at 3.30 pm IST.
Sensex and Nifty 50 index at the close today
The Nifty 50 index was down by 65.75 points or 0.36 percent and closed at 18343.90 levels while the Sensex declined by 230.12 points or 0.37 percent and finished at 61750.60 levels. The Bank Nifty index closed lower by 77.25 points or 0.18 percent on the spot level and ended at 42458.05
The broader markets also fell today almost in line with their larger peers, as the Nifty midcap index closed lower by 125.90 points or 0.40 percent and at 31072 levels. The Nifty smallcap index was down by 33.05 points or 0.34 percent at 96663.50 levels.
Nifty 50 index top gainers and losers today
The top gainers in the Nifty 50 index were Tata Consumer, Adani Enterprise, Larsen, ICICI Bank, and Bharti Airtel and the top losers were Titan, M&M, Tata Motors, Apollo Hospital, and Eicher Motors
The top gainers in the Nifty midcap index were Union Bank Shriram Transport, and Endurance Tech, and the top losers were Dixon Technology, Mphasis, and Aarti Ind.
The smallcap top gainers were Engineers Ind, Godfrey Phillip, and NBCC (India) while the top losers were Rail Vikas, Hind Copper, and Quess Corp
The most active stocks in the Nifty index in terms of value were ICICI Bank, HDFC Bank, and Adani Enterprises. The most active stocks in terms of volume were Tata Steel, Tata Motors, and ONGC
On the sectoral front, the auto, media, consumer durables, IT, and Pharma were closed lower today. The sectors that closed higher were PSU Bank and Realty
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