Nifty index end above 18600, Sensex up 402 pts today
Sensex and Nifty Index Today: It was a positive start for Indian stock markets on Tuesday, tracking gains in global marks. The Nifty index today opened at 18524.40 levels up by 27.25 points while Sensex made a positive opening of 170.10 points at 62300.67 levels. The equity benchmarks traded with fine fettle and extended their early gains today.
Stock Market News and Updates Today
The domestic markets were traded on optimistic notes as investors cheered over India’s November CPI numbers. The government data showed on Monday that the CPI-based retail inflation fell to an 11-month low of 5.88 percent in November, mainly due to softening prices of food items. This is the first time in 11 months that the retail inflation print has come within the RBI`s tolerance band of 4-6 percent.
However, the upside remained capped as data released by the Ministry of Statistics and Programme Implementation showed that India`s industrial output, the Index of Industrial Production (IIP), contracted by 4 percent in October. The continuous selling pressure by the foreign investors also weighed down on the sentiments. Foreign institutional investors (FIIs) sold shares worth Rs 138.81 crore on December 12, according to the provisional data available on the NSE.
On the global front, Asian markets are mostly closed in modest gains. Traders were cautious after a New York Fed consumer expectations survey showed inflation expectations decreased at the short, medium, and longer terms in November. European markets are trading slightly higher on a cautious note ahead of the US CPI inflation data. The UK jobless rate rose slightly on the higher, data showed that people unemployed ticked higher in October and wages fell.
Sensex and Nifty 50 index at the close today
The Nifty 50 index ended higher by 110.85 points or 0.60 percent on Monday and closed at 18608 levels while the Sensex was up 402.73 points or 0.65 percent and finished at 62533.30 levels. The Bank Nifty index closed higher by 237.80 points or 0.54 percent on the spot level and ended at 43946.55
The broader markets closed almost in line with their larger peers today. The Nifty midcap index gained 176.35 points or 0.54 percent and closed at 32667.30 levels. The Nifty smallcap index was up by 42.95 points or 0.43 percent and closed at 10067.45 levels.
Nifty 50 index top gainers and losers today
The top gainers in the Nifty 50 index were IndusInd Bank, Bajaj Finance, Infosys, HCL Tech, and Adani Ports, the top losers were Apollo Hospital, Hindalco, BPCL, UPL, and Nestle
The top gainers in the Nifty midcap index were Union Bank, Polycab, and Bank of India, and the top losers were Laurus Labs, Dr. Lal Path Labs, and Dalmia Bharat
The smallcap top gainers were Indian Bank, Ujjivan Small, and CSB Bank, while the top losers were KEI Industries, Godfrey Philip, and Shilpa
The most active stocks in the Nifty index in terms of value were HDFC Bank, Kotak Bank, and RelianceThe most active stocks in terms of volume were Tata Steel, ONGC, and ITC
On the sectoral front, Realty, Oil & Gas, FMCG, and Consumer Durables closed lower while PSU Bank, IT, Banking, Financial Services, and Auto closed higher today.
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