Sensex, Nifty end lower amid volatility on F&O expiry day
Closing Bell: Sensex and Nifty Today: It was an optimistic start for the Indian stock markets on Thursday amid positive global cues. Nifty today opened at 16993.60 levels up by 135 points while Sensex made a positive opening of 399.62 points at 56997.90 levels. Indian markets fell sharply in the late noon due to profit booking in IT stocks at the higher levels and later tried to recover but closed in the red on F&O expiry day.
Stock Market News and Updates Today
Other than the positive global cues, the report of Goods and Services Tax (GST) collections in September are likely to be about Rs 1.45 trillion, and the monthly average mop-up in FY23 could be around Rs 1.55 trillion supported by the markets.
However, gains remain capped due to profit booking at the higher levels and as sustained selling by FIIs dampens the market sentiments. Investors are concerned with the data available on the NSE that showed the foreign institutional investors (FIIs) net offloaded shares worth Rs 2,772.49 crore on September 28, 2022. Some cautiousness was also seen in the markets ahead of the RBI Monetary policy which is due on Friday.
Meanwhile, capital markets regulator Sebi came out with guidelines pertaining to preferential issues and institutional placement of units by emerging investment vehicles — REIT and InvIT.
On the global front, the Asian stock market indices were closed on a mixed note after the Bank of England (BoE) said it would buy long-dated government bonds on `whatever scale is necessary to address dysfunction in the gilt market.
European market indexes are trading in the red in early trade on Thursday. The relief sparked by the Bank of England’s intervention in bond markets proved short-lived, as the investors now mulling the scale of the intervention.
Sensex and Nifty at the close today
The Nifty50 index was down by 40.50 points or 0.24 percent and closed at 168818.10 levels while the Sensex declined by 183.11 points or 0.32 percent and finished at 56415.17 levels. The Bank Nifty index ended lower today by 112.10 points or 0.30 percent on the spot level and ended at 37647.75
The broader markets outperformed the benchmark indices today, as the Nifty midcap index gained by 119.50 points or 0.40 percent and closed at 30185.65 levels. The Nifty smallcap index closed higher today by 58.35 points or 0.63 percent at 9293.90 levels.
Nifty50 Stocks top gainers and losers today
The top gainers in the Nifty50 Stocks were ONGC, Hindalco, Apollo Hospital, HDFC Life, and ITC and the top losers were Asian Paints, Tech Mahindra, Hero Motocorp, Bajaj Auto, and Titan Company.
The midcap top gainers were Bank Of India, Tata Chemicals, and Prestige Estate and the top losers were Aarti Ind, Vodafone Idea, and Dr. Lal Path Labs.
The top gainers in the Nifty smallcap index were Sun Pharma Adv, Mazgaon Dock, and RITES and the top losers were Strides Pharma, Fine Organics, and VIP Industries.
The most active stocks in the Nifty index in terms of value were Reliance, Shree Cement, and ICICI Bank. The most active stocks in terms of volume were Tata Steel, Power Grid, and Tata Motors
On the sectoral front, Healthcare, Pharma, Media, PSU Bank, and FMCG sectors closed higher today. The sectors that closed lower were IT, Financial Services, Banking, and Auto.
If you like the post “Sensex, Nifty end lower amid volatility on F&O expiry day” please share it with others.
You may also like to read, Stock Market Prediction Next Week (26- 30 Sept 2022)
Demat & Trading Account- Key advantages
Happy Investing!!
Editorial desk
