Nifty ends below 17900, top gainers and losers
Closing Bell- Nifty ends below 17900, top gainers and losers
Indian stock markets opened in the red today and extended their previous session losses. Nifty and Sensex opened negative by 59.85 points and 142.44 points respectively in the morning. Nifty tried to erase the intraday losses and but failed twice due to the selling pressure in pharma, realty, and banking stocks.
Stock Market News
Other than weakness in the Asian markets, there was cautiousness as Fitch Rating kept India’s sovereign rating unchanged at ‘BBB-’ with a negative outlook. The foreign rating agency has said that the rating balances a still-strong medium-term growth outlook and external resilience from solid foreign-reserve buffers against high public debt a weak financial sector and some lagging structural issues.
Further, it said that the country’s rapid economic recovery from the Covid-19 pandemic and easing financial sector pressures are narrowing risks to the medium-term growth outlook.
The markets traded on a weak note as foreign portfolio investors (FPIs) sold shares worth Rs 560.67 crore, in the Indian equity market on 16 November, as per the provisional data showed.
Stock Market at close
At the close, Nifty was down by 100.55 points or 0.56 percent and closed at 17898.65 while Sensex declined by 314.04 points or 0.52 percent and finished at 60008.33 levels. The Bank Nifty also fell 265.55 points or 0.69 percent and ended at 38041.55 levels.
The broader markets closed mixed today. The Nifty midcap index fell by 213.55 points or 0.67 percent and closed at 31729 levels. The Nifty smallcap index was up by 14.05 points or 0.13 percent and finished at 11219.40 levels.
The top five gainers in the nifty 50 index were Asian Paints, Maruti, SBI life, Tata Motors, and NTPC. The Nifty 50 top five losers were UPL, Reliance, Cipla, Britannia, and Axis Bank.
The top gainers in the Nifty midcap were L&T Technology, Endurance Tech, Aarti Ind and the losers were Godrej Properties, Dhani Services, JSW Energy.
The Nifty small-cap index top gainers were Birla Soft, Lux Industries, Tanla Platforms, and the losers were Chambal fertilizer, Mazgaon Dock, and IRB Infra.
On a sectoral front, Nifty Auto, Media, Healthcare, PSU Bank sectors closed higher today. The sectors that dragged the markets were Oil & Gas, Pharma, Realty, Banking, and Financial Services
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