Nifty50 share price today | Stocks to buy tomorrow, 11 Nov

November 10, 2021November 10, 2021 admin

Nifty50 share price holds 18K, Sensex down 80 pts today

Indian stock market indexes opened lower on Wednesday amid weak global cues. Nifty50 share price today opened at 17973.45, down by 70.8 points while Sensex made a negative opening of 138.9 points at 60295.26 levels. The Bank Nifty also opened lower by 162.6 points at 39206.20 on the spot levels.

Stock Market News

The key benchmark indices Sensex and Nifty50 share price traded range-bound after opening a gap down in the morning trading session due to subdued global cues, a spike in crude oil prices, and persistent selling by FIIs. Traders remained cautious with private reports stating that hiring demand witnessed a dip of 3 percent in October sequentially, mainly due to a decline in recruitment of professionals in the purchase, logistics, and supply chain after festive hiring hikes in September.

Traders also took note of the report that the borrowing cost for the states has declined sharply to 6.81 percent at the weekly auctions held on November 9, mainly because they raised shorter tenor funds and 37 percent less than notified.

Meanwhile, the credit rating agency ICRA in its latest report said that there is an improvement in domestic air passenger traffic in October 2021, due to a continuous decline in Covid-19 cases. The domestic air passenger grew by a 67 percent YoY at around 87-88 lakh in October 2021 as compared to 52.71 lakhs reported in October 2020.

In the post-lunch session, markets got some support as buying witnessed in Auto, Pharma, and Energy space. The key benchmark Sensex and Nifty50 share price erased most of their intraday losses and closed marginally lower. The Nifty50 share price took support near 17900 levels and bounced back in the afternoon session and closed marginally lower in the end.

Sensex and Nifty50 share price today at close

At close, the Nifty50 share price declined by 27.05 points or 0.15 percent and closed at 18017.20 while Sensex was down by 80.63 percent or 0.13 percent and finished at 60352.82 levels. The Bank Nifty index also fell 345.55 points or 0.88 percent and ended at 39023.25 levels.

The broader markets closed lower following their larger peers. The Nifty midcap index declined by 141.90 points or 0.44 percent and finished at 32044.45 levels. The Nifty smallcap index fell 10.05 points or 0.09 percent and at 11202.95 levels.

The top five gainers in the Nifty50 index were UPL, M&M, Bharti Airtel, Britannia, and Sun Pharma. The top five losers were IndusInd Bank, Tata Steel, Hindalco, JSW Steel, and Coal India. The most active stocks in terms of value in the Nifty50 index were M&M, Tata Steel, and Tata Motors. The most active stocks in terms of volume were Tata Motors, M&M and SBI

On a sectoral basis, the Auto, Pharma, and Energy sectors closed higher today whereas PSU Bank, Realty, Metals Media, and Banking sectors closed in the red.

Bullish Stocks to buy Tomorrow

Tomorrow Indian stock market will open as per the global cues as the US inflation data is expected later today. Below are a few stocks which are looking technically bullish for tomorrow.

Reliance Chart for 11 Nov 2021