Closing Bell 28 Oct: Sensex, Nifty ends below their crucial levels
Sensex Nifty ends below their crucial levels, 60K and 18K respectively
Indian equity markets fell sharply on Thursday, the monthly F&O expiry day. The sell-off was seen across all the major sectors today. At the close, Nifty was down by 353.70 points or 1.94 percent and closed at 17857.25, while Sensex declined by 1158.63 points or 1.89 percent and finished at 59984.70 levels. The Bank Nifty on the spot levels fell 1365.40 points or 3.34 percent and ended at 1365.40 levels
The broader markets also fell in line with their larger peers today. The Nifty midcap index was down by 611.50 points or 1.96 percent and closed at 30514.05 levels. The Nifty smallcap was declined by 203.75 points or 1.85 percent and finished at 10817.10 levels.
The top five gainers in the Nifty50 index were IndusInd Bank, LT, Ultratech Cement, Asian Paints, and Shree Cement. The five losers in the Nifty50 index were Adani Ports, ITC, ONGC, Kotak Bank, and ICICI Bank. The most active stocks in terms of value in the Nifty50 index were IndusInd Bank, ICICI Bank, and Axis Bank. The most active stocks in terms of volume were ITC, SBI, and Tata Motors.
On a sectoral front, all major sectors were closed in the red today. The sectors that dragged the markets were Nifty PSU Bank, Metals, Financial Services, Realty, Media, Pharma, and Energy
Nifty trading below 18000 levels, Sensex is down 860 points
Indian equity market indexes continue to trade in the negative territory in the afternoon session. The weakness in the index heavyweights like ITC, ICIC Bank, and Tata Steel dragged the markets amid weak cues from the global markets.
Traders have overlooked a private stated that amidst the continuing market rally, the value of the foreign portfolio investors holding in the domestic equities jumped by $112 billion to $667 billion between April 1 and September 30, 2021, even though they have been getting increasingly jittery about the highly stretched valuations.
The market participants also ignored the RBI reports that showed the country’s foreign exchange reserves surged $58.38 billion in April-September 2021 to $635.36 billion. The forex reserves were at $576.98 billion at the end of March 2021.
At 2 pm, the equity benchmark Sensex and Nifty are trading lower by 1.36 percent and 1.40 percent respectively. The Bank Nifty is also trading lower by 2.38 percent at this time. The Nifty midcap and smallcap indexes are trading lower by 1.38 percent and 1.47 percent respectively.
On a sectoral front, all major sectors are trading in the red. Nifty PSU Bank, Realty, and Metals are dragging the markets at this time
Indian Stock Market Live Today 28 Oct: Nifty trading below 18100, Sensex down almost 400 pts
Indian stock markets opened lower on Thursday amid weak cues from Wall Street overnight as shares of energy and financial companies posted losses in their quarterly results. The other Asian market indexes are also trading in the red at this moment following the weak cues from Wall Street.
The Nifty opened at 18187.65, down by 23.3 points while Sensex made a negative opening of 62.33 points at 61081 levels. The Bank Nifty spot price opened slightly higher at 40915.15 levels, up by 40.8 points from the previous closing.
Market Live Updates
At 10.15 am, the equity benchmark indices, Sensex and Nifty are trading lower by 0.64 percent and 0.71 percent respectively. The Bank Nifty on spot levels is also trading lower by 1.16 percent. The Nifty midcap and smallcap indexes are also trading in the red in line with their larger peers.
Top gaining stocks in the Nifty 50 index at this moment are IndusInd Bank, Larsen & Turbo, and M&M. On the losing side, Adani Ports, ONGC, and Hindalco are trading as the top loser in the Nifty 50 index.
On a sectoral front, all major sectors are trading in the red at this moment. The sectors that dragging the markets are Nifty PSU Bank, Metals, and Realty.
You can visit again to read more stock market live updates on this page
You may like to read, Nifty & Bank Nifty Prediction for Tomorrow. 28 Oct 2021
Happy Investing!!
Editor’s Desk
