Nifty holds 18000 levels, Sensex down 224 pts today
Sensex and Nifty Today: Indian stock markets opened sharply lower on Wednesday amid negative cues from the US markets overnight. Nifty today opened at 17771.15 levels, down by 298.9 points while Sensex made a gap down opening of 1153.96 points at 59417.12 levels. Indian markets gradually erased all losses and turned positive in the last hour and later closed marginally lower today.
Stock Market News and Updates Today
Indian markets were trading on a weak note in the morning session, with both Sensex and Nifty below their psychological levels on the back of negative cues from the global markets. Traders got cai=utious, amid a report stating that investors’ wealth eroded by more than Rs 2.21 lakh crore in early trade on Wednesday, with the market witnessing a selling off amid prospects of aggressive interest rate hikes by the US Fed to curb a record high inflation.
Meanwhile, traders took note of Finance Minister Nirmala Sitharaman’s statement that many countries have shown interest in bilateral trade in the rupee after the RBI announced a mechanism recently. Indian markets after turning positive for a while in the second half again entered the red zone and closed marginally lower today.
On the global front, Asian markets were closed in red, following the broadly negative cues from Wall Street overnight, after hotter-than-expected U.S. inflation data raised concerns the Fed will even more aggressively hike interest rates in September 21 meeting. European markets are trading in the red tracking negative cues from Asian peers.
Sensex and Nifty at the close today
The Nifty50 index was down by 66.30 points or 0.37 percent and closed at 18003.75 levels while the Sensex declined by 224.11 points or 0.37 percent and finished at 60346.97 levels. The Bank Nifty index ended higher today by 532.30 points or 1.30 percent on the spot level and ended at 41405.40
The broader markets also closed lower today in line with their larger peers, the Nifty midcap index was down by 107 points or 0.33 percent and closed at 32291.75 levels. The Nifty smallcap index closed lower today by 7.30 points or 0.07 percent at 10076.70 levels.
Nifty50 Stocks top gainers and losers today
The top gainers in the Nifty50 Stocks were Bajaj Finserve, IndusInd bank, NTPC, Power Grid, and SBI and the top losers were Infosys, TCS, Tech Mahindra, HCL Tech, and Larsen
The midcap top gainers were Dalmia Bharat, Fortis Health, and Bombay Burmah, and the top losers were L&T Technology, Coforge Ltd, and Mphasis
The top gainers in the Nifty smallcap index were JK Lakshmi Cement, India Cement, and Aegis Logistics and the top losers were Vakrangee, Birlasoft, and Blue Dart
The most active stocks in the Nifty index in terms of value were Infy, TCS, and HDFC Bank The most active stocks in terms of volume were Tata Steel, NTPC, SBI
On the sectoral front, Nifty PSU Bank, Metal, and Banking sectors were closed higher today. The sectors that closed in the red were Nifty IT, Realty, and Pharma
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Editorial desk
