Nifty, Sensex erase early gains to end in the red today
Sensex and Nifty Today 25 Oct 2022: Indian stock markets extended their previous session’s gains with an optimistic start on Tuesday, in line with Asian peers. On Monday, during the Muhurat trading session, the equity benchmarks rose nearly a percent each. Nifty today opened at 17808.30, up by 77.55 points while Sensex made a positive opening of 171.3 points at 60002.96 levels. Soon after opening, markets turned negative and ended in red on Tuesday.
Stock Markets News and Updates Today
The domestic markets got some support, as the finance ministry said in its monthly economic review stated that India’s growth and stability concerns are less than that of the world at large, and estimated the country’s medium-term growth rate above 6 percent. The market upside remained capped as the RBI showed that India’s forex reserves dropped by $4.50 billion to $528.37 billion for the week ended October 14.
However, markets remained cautious, as foreign investors have pulled out nearly Rs 8,000 crore from the Indian equity markets so far in the wake of strength in the US dollar against the rupee. Some cautiousness also came ahead of the monthly F&O expiry on Thursday, as the market will remain closed on Wednesday due to Bhai Dooj.
On the global front, other Asian market indexes closed mixed on Tuesday. The market sentiments were mixed as positive cues from the US markets were offset by China’s delayed economic data Monday, a day after the conclusion of a key Communist Party congress, showing weak growth and prompting markets to plunge. European markets key indexes trimed their early gains and are trading mixed on Tuesday.
Nifty and Sensex at the close today
The Nifty index was down by 74.40 points or 0.42 percent and closed at 17656.35 levels while the Sensex declined by 287.70 points or 0.48 percent and finished at 59543.96 levels. The Bank Nifty index ended lower today by 182.15 points or 0.44 percent on the spot level and ended at 41122.75
The broader markets closed mixed today, as the Nifty midcap index gained by 137.50 points or 0.45 percent and closed at 30982.70 levels. The Nifty smallcap index closed lower today by 12.75 points or 0.13 percent at 9730.30 levels.
Nifty 50 Stocks top gainers and losers today
The top gainers in the Nifty 50 Stocks were Tech Mahindra, Maruti Suzuki, JSW Steel, Larsen, amd Eicher Motors, and the top losers were Nestle, HUL, Kotak Mahindra, Bajaj Finserve, and Britannia.
The top gainers in the Nifty midcap index were Bank Of India, BHEL, and Mahanagar Gas and the top losers were Laurus Labs, IDFC First Bank, and oil India
The smallcap top gainers were MCX India, KEI Industries, and Rail Vikas while the top losers were IDFC, Tanla Platforms, Kajaria Ceramics
The most active stocks in the Nifty index in terms of value were ICICI Bank, reliance, and Axis Bank The most active stocks in terms of volume were Tata Steel, SBI and Tata Motors.
On the sectoral front, PSU Bank, Auto, IT, Metals, and Pharma were closed in the green today. The sectors that closed in the red were FMCG, Pvt Bank, Financial Services, Realty and Media.
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