Nifty and Sensex end flat ahead of Union Budget
Sensex and Nifty at the close today: Indian stock markets closed almost on a flat note after the Economic Survey 2023. The Nifty 50 index closed higher by 13.20 points or 0.07 percent and closed at 17662.15 levels while the Sensex gained by 49.49 points or 0.08 percent and finished at 59549.90 levels. The Ban Nifty index also ended higher by 267.60 points or 0.66 percent on the spot level and closed at 40655.05
The broader markets outperformed the frontline index today, as the Nifty midcap index was up by 490.60 points or 1.63 percent and closed at 30676.45 levels. The Nifty smallcap index jumped by 268.75 points or 2.91 percent and closed at 9501.75 levels.
Nifty index top gainers and losers today
The top gainers in the Nifty 50 index were M&M, Ultratech Cement, SBI, Adani Enterprise, and Adani Ports and the top losers were Bajaj Finance, TCS, Tech Mahindra, Britannia, and Sun Pharma
The top gainers in the Nifty midcap index were Trident, BHEL, and Nippon and the top losers were Adani Wilmar, Varun Beverages, and Laurus Labs
The smallcap top gainers were Eid Parry, Chambal Fert, and Sunteck Realty while the top losers were BASF, VIP Industries, and Blue Dart.
The most active stocks in the Nifty index in terms of value were Adani Ent, Reliance, and ICICI Bank The most active stocks in terms of volume were Tata Steel, Adani Ports, and ICICI Bank
On the sectoral front, PSU Bank, Media, Auto, Metals, and Consumer Durables sectoral indices closed higher while sectors that closed in the red today were IT, Oil & Gas, and Pharma
Global stock market updates
On the global front, Asian stock markets closed lower on Tuesday as investors nervous ahead of the eventful week that includes a slew of central bank policy meetings, quarterly earnings, and economic data.
The data released today in Japan showed that Industrial production in Japan was slightly down 0.1 percent month-over-month in December 2022, compared with market forecasts of a 1.2 percent fall and after a 0.2 percent rise a month earlier. The economic data released in China showed a rebound first time in four months.
European equity benchmarks are trading in the red following the negative cues from Wall Street and Asian market peers. The sentiment has dampened as IMF has downgrade UK GDP growth.
If you like the post “Nifty and Sensex end flat ahead of Union Budget ” please share it with others.
You may also like to read, Stock Market LIVE: Sensex, Nifty erase early gains; IT, Pharma drag
Trade Setup for Tuesday 31 Jan: Stock Market News
Happy Investing!!
Editorial desk
