Nifty Near 21000, Sensex Up 103 Points, PSU Banks Surge, Pharma Dips

 

Sensex and Nifty Today 11 December 2023: Indian stock markets ended the volatile session with minor gains on Monday. The domestic markets opened cautiously despite positive cues from Asian and US markets and traded near their neutral lines.

Investors were cautious, as the Reserve Bank of India (RBI) in its ‘Inflation expectations survey of households (IESH) November 2023’ has shown that households expect some rise in price and inflationary pressures across major product groups for the year ahead. The survey was conducted on November 21, 2023, in 19 major cities, with responses from 6,036 urban households. 

However, indices managed to close in the green, amid reports that foreign portfolio investors (FPI/FIIs) injected Rs 26,505 crore into the Indian equity markets in the first six trading sessions of this month on expectations of political stability after the BJP stormed to power in three major states and robust economic growth.

 

Sensex and Nifty Today

 

The Nifty index closed higher by 27.70 points or 0.13 percent and closed at 20997.10 levels while the Sensex was up by 102.93 points or 0.15 percent and finished at 69928.53 levels. The Bank Nifty index ended higher by 52.25 points or 0.11 percent on the spot level and closed at 47314.25 levels.

The broader markets outperformed their larger peers today, as the Nifty midcap index was up by 328.95 points or 0.74 percent and closed at 44729.15 levels. The Nifty smallcap index ended higher by 121.70 points or 0.84 percent at 14525.65 levels.

 

Nifty50 Top Gainers & Losers 

 

The top gainers in the Nifty50 index were UPL, Ultratech Cement, Adani Enterprise, LTIM, and Bajaj Auto, and the top losers were Dr. Reddy, Cipla, Axis Bank, BPCL, and M&M

The top gainers in the Nifty midcap index were Tube Invest, IRFC, and Dixon and the top losers were Hind Petro, Lalpath Lab, and Torrent Power.

The smallcap top gainers were  Karur Vyasya, Radico, and NLC India while the top losers were CanFin Home, BSE, and Zensar Technologies. 

The most active stocks in the Nifty index in terms of value were HDFC Bank, Adani Enterprise, and ICICI Bank. The most active stocks in terms of volume were Tata Steel, Power Grid, and BPCL.

On the sectoral front, PSU Bank, Media, and Metal closed higher while the sector that closed in the red was Pharma.

 

Global Stock Market Updates Today

 

The other Asian stock markets mostly closed mixed on Monday, following the positive cues from Wall Street on Friday and as investors digested China’s inflation data. Japan’s Nikkei gained 1.48% after falling sharply in the last week, while Australia’s S&P ASX 200 index closed slightly higher by 0.06%, extending last week’s gain.

South Korea’s Kospi advanced 0.30%. Shanghai pared early losses and closed higher by 0.73% as the country’s November inflation declined at the fastest pace in three years while producer prices remained in the negative territory. Hang Seng was down by 0.82%. The Straits Times closed lower, while Taiwan and SET Composite ended higher on Monday.

European stock market indexes are trading mixed on Monday as investors turned their focus on the crucial central bank’s monetary policy this week.

 

If you like the post “Nifty Near 21000, Sensex Up 103 Points, PSU Banks Surge, Pharma Dips” please share it with others.

 

You may also like to read,  Stock Market Prediction Next Week ( 28 Nov-1 Dec 2023)

                                              Share Market Books in Hindi | शेयर मार्किट हिन्दी बुक्स     

 

Happy Investing!!

Editorial desk