Nifty and Sensex End Marginally Higher; Metal, Energy Stocks Shine

 

Sensex and Nifty Today 14 June 2023: Indian stock market indexes ended marginally higher on Wednesday amid positive global cues. The domestic markets traded in a narrow range ahead of the US Fed interest rate decision, which is due later in the day. 

Earlier in the morning, immediately after opening flat, the domestic markets turned into the red, as investors were cautious ahead of the US Fed interest rate outcome. The Indian equity benchmarks erased all of their losses and turn positive in early afternoon deals, amid easing WPI inflation. India’s wholesale price index (WPI) inflation maintained the declining trend in the month of May 2023 at (-) 3.48% as against (-) 0.92% recorded in April 2023.

However, gains were limited, as a private Weather forecasting agency predicted a bleak monsoon in India over the next four weeks, raising concerns about the impact on agriculture.

 

Stock Market Indexes Today

 

The Nifty 50 index closed higher by 39.75 points or 0.21 percent and closed at 18755.90 levels while the Sensex was up by 85.35 points or 0.14 percent and finished at 63228.51 levels. The Bank Nifty index ended lower by 91.85 points or 0.21 percent on the spot level and closed at 43988 levels

The broader markets ended higher today, as the Nifty midcap index was up by 72.30 points or 0.21 percent and closed at 34833.30 levels. The Nifty smallcap index also ended higher by 13.15 points or 0.12 percent at 10620.35 levels.

 

Nifty 50 top gainers & losers 

 

The top gainers in the Nifty 50 index were Tata Consumer, Grasim, Tata Steel, JSW Steel, and  Power Grid  and the top losers were Bajaj Finance, IndusInd Bank, Axis Bank, Bharti Airtel, Hero Motors

The top gainers in the Nifty midcap index were Patanjali, Prestidge, and Oberoi Realty and the top losers were TTML, Sona Coms, Bandhan Bank

The smallcap top gainers were FACT, Brightcom Group, and KEI while the top losers wereKPIT Tech, Suzlon, CDSL 

The most active stocks in the Nifty index in terms of value were HDFC Bank, Reliance, and ICICI Bank The most active stocks in terms of volume were Tata Steel, NTPC, and ICICI Bank

On the sectoral front, Nifty Metal, Energy, and FMCG closed higher while the sector that closed in the red were Media, Fin Services, and Banks

 

Global Stock Market Today

 

Asian stock market indexes trimmed their early gains and mostly closed lower on Wednesday, as investors remain cautious and stayed on the sideline ahead of the US Fed interest rate decision later in the day. 

Japan’s Nikkei closed higher for the fifth straight session and hit a new record high. South Korea’s Kospi declined even after its unemployment rate fell to a record low. Shanghai and Hang Seng also closed lower lower on Wednesday. 

European stock market indexes are trading higher ahead of the US Fed interest rate decision later in the day and European Central Bank (ECB) monetary policy on Thursday. The US future indexes are trading mixed, Dow is slightly lower while the Nasdaq Future is trading slightly higher.

 

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You may also like to read, Trade Setup for Wednesday 14 June: Stock Market Today

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Happy Investing!!

Editorial desk