Sensex, Nifty index ended higher for 4th Straight day
Sensex and Nifty Index Today: Indian markets opened higher on Wednesday amid positive global cues. The Nifty index today opened at 17568.15 levels up by 81.2 points while Sensex made a positive opening of 236.36 points at 59196.96 levels. Indian benchmark, Sensex, and Nifty index pared some early gains and ended higher on Wednesday.
Stock Market News and Updates Today
Indian market sentiments were upbeat due to falling international crude oil prices. Traders took some support in the morning deal from the Crisil Rating Report that states securitization volumes have jumped 48 percent to over Rs 75000 crore for the first half of the fiscal ( FY23).
Markets got further support as ICRA Ratings said after rising steeply for a month, the cost of market borrowing for states declined sharply on Tuesday with the weighted average cut-off falling by 11 basis points to 7.72 percent from 7.83 percent last week. However, markets erased most of their gains in the second half as the Indian rupee hits a new low at R 82.95 against the US dollar.
On a global front, the other Asian stock market indexes erased early gains and mostly closed in the red due to profit booking and ahead of the British inflation readings which are due later in the day for clues on how hawkish central banks need to be to fight inflation. European markets are also trading in the red after the fourth consecutive run-up in the recent past.
Sensex and Nifty index at the close today
The Nifty index was up by 25.30 points or 0.14 percent and closed at 174512.25 levels while the Sensex gained by 146.59 points or 0.25 percent and finished at 59107.19 levels. The Bank Nifty index ended higher today by 54.45 points or 0.14 percent on the spot level and ended at 40373.20
The broader markets also closed higher in line with the benchmarks today, as the Nifty midcap index gained by 76.45 points or 0.25 percent and closed at 30984.45 levels. The Nifty smallcap index closed higher today by 22.55 points or 0.23 percent at 9656.05 levels.
Nifty 50 Stocks top gainers and losers today
The top gainers in the Nifty 50 Stocks were HDFC, Nestle, ITC, reliance, and Axis Bank and the top losers were NTPC, JSW Steel, SBI, Bajaj Finserve, and Coal India.
The top gainers in the Nifty midcap index were Container Corp, Syngene Intl, and Dhani Services and the top losers were Arti Ind, L&T Technology, and ICICI Securities
The smallcap top gainers were Aegies Logistics, PNB Housing Fin, and NBCC while the top losers were TV18 Broadcast, Alok Industries, and Heidelberg Cem.
The most active stocks in the Nifty index in terms of value were Reliance, HDFC, and HDFC Bank The most active stocks in terms of volume were Tata Steel, ITC, and Coal India
On the sectoral front, Energy, Realty, Financial Services, FMCG, and Banking sectoral indices were closed in the green today. The sectors that closed in the red were IT, Metal, PSU Bank, Media, and Auto
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