Nifty ends below 17500, top gainers & losers today
Closing Bell: Nifty ends below 17500 and Sensex down 323 pts
Nifty Top Gainers and Losers Today: The Indian stock markets made a slightly positive start on Wednesday amid mixed global cues. After a few minutes of trading, markets slipped below neutral lines but managed to recoup losses and traded higher with notable gains in early deals. Indian markets traded volatile today, in the second half markets fell sharply again and closed in the red.
Stock Market News
Traders took encouragement with a private report that Indian GDP will grow at 8.5 percent in 2021-22, and the rate will accelerate further to 9.8 percent in 2022-23. Some support also came in as Finance Minister Nirmala Sitharaman asserted that the government is tough on defaulters, particularly fugitives, getting back their assets through the legal process and giving it to banks because of which their bad assets have come down.
On a global front, Asian markets closed mixed on Wednesday amid the continued increase in treasury yields following Fed Chair Powell`s re-nomination weighed on high-growth tech stocks and volatile oil prices. European markets opened higher today as business growth unexpectedly accelerated in the month of November but the recent surge in Covid infection and its restrictions are likely to put a dent in December’s growth as per a survey showed on Tuesday.
Stock Market at Close
At the close, Nifty was down by 88.30 points or 0.50 percent and closed at 17415.05 while Sensex fell 323.34 points or 0.55 percent and finished at 58340.99 levels. The Bank Nifty spot price closed higher by 169.15 points or 0.45 percent and ended at 37441.95 levels.
The broader markets closed in the mixed state today. The Nifty midcap index was down by 122.05 points or 0.40 percent and closed at 30743.25 levels. The Nifty smallcap index was gained by 68,65 points or 0.63 percent and finished at 11007.25 levels.
Top Gainers & Losers Today
The top five gainers in the Nifty index were ONGC, Adani Ports, Coal India, NTPC, and Kotak Bank. The Nifty top losers were Eicher Motors, Tata Consumer, Maruti, Grasim, and Infy.
The top gainers in the Nifty midcap index were Zeel, Vgaurd, and Vodafone Idia and the losers were Mind Tree, IRCTC, and Chola Invest.
The top gainers in the Nifty smallcap index were Carborundum, Vakrangee, and UTI AMC and the losers were Sequent Scientific, Tanla Platforms, and Nalco.
The most active stocks in terms of value in the Nifty index were HDFC Bank, Reliance, and ICICI Bank. The most active stocks in terms of volume in the Nifty index were ONGC, ICICI Bank, and Bharti Airtel.
On a sectoral front, Nifty Media, Banking, PSU Banks, Financial Services, and Oil & Gas closed higher. The sectors that dragged down the market were Nifty IT, Auto, FMCG, Pharma, and Consumer Durables.
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