Nifty ends near 18400, Sensex crashes 879 pts today
Sensex and Nifty Index Today: Indian stock markets made a negative opening on Thursday tracking weakness in global peers after the US Federal Reserve hiked interest rates by 50 bps. The Nifty index opened at 18614.40 levels, down by 45.9 points while Sensex made a negative opening of 147.84 points at 62530.07 levels. Soon after opening, the market extended its losses and closed in the deep red today.
Stock Market News and Updates Today
Other than negative global cues, the market Sentiments got dampened as India Ratings said falling exports and high crude prices are set to push up the current account deficit (CAD) in the second quarter to a 37-quarter high of 4.4 percent of GDP at $36 billion as against $9.7 billion or 1.3 percent in the year-ago period.
Market participants failed to get any sense of relief with the report that Finance minister Nirmala Sitharaman exuded confidence that inflation would further decline and the government is on track to meet its budgetary target for deficit and said that there is no fear of stagflation in India.
On the global front, the major Asian markets closed in the red following the broadly negative cues from Wall Street overnight, on renewed concerns over the outlook for interest rates after the US Federal Reserve raised interest rates by 50 basis points and signaled further rate hikes ahead.
Japan posted a merchandise trade deficit of 2,027.4 billion yen in November and missed forecasts for a shortfall of 1,680.3 billion yen. European stock markets are also trading lower following negative cues from Wall Street overnight and Asian markets
Sensex and Nifty 50 index at the close today
The Nifty 50 index ended lower by 245.40 points or 1.32 percent and closed at 18414.90 levels while the Sensex was down 878.88 points or 1.40 percent and finished at 61799.03 levels. The Bank Nifty index closed lower by 550.90 points or 1.25 percent on the spot level and ended at 43498.20
The broader markets also closed lower following their larger peers. The Nifty midcap index declined 332.45 points or 1.01 percent and closed at 32530.75 levels. The Nifty smallcap index was down by 57.90 points or 0.57 percent and closed at 10080.95 levels.
Nifty 50 index top gainers and losers today
The top gainers in the Nifty 50 index were Britannia, Hero Motocorp, SBI Life, NTPC, and Sun Pharma, the top losers were Tech Mahindra, Titan Company, Infosys, HDFC, and Eicher Motors,
The top gainers in the Nifty midcap index were Indiabulls Hsg, Mahanagar Gas, and Prestige Estate, and the top losers were IRCTC, Bank of India, and Union Bank
The smallcap top gainers were Sterlite Techno, PNB Hsg, and Linde India while the top losers were Ircon International, Rallies India, and PVR
The most active stocks in the Nifty index in terms of value were HDFC, Reliance, and INFY The most active stocks in terms of volume were Tata Steel, ONGC, and NTPC
On the sectoral front, all sectoral indices closed in the red today. The sectors that dragged down the markets were IT, Media, PSU Banks, Metals, Realty, and Financial Services
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