Stock Market Today: Nifty ends near 21650, Sensex Climbs 63 Pts, Energy, Auto Shine
Stock Market Today 11 January 2024: Indian stock market indexes closed higher on Thursday amid positive global cues. The domestic markets opened higher and traded above their neutral lines in most of the session. However, in the last hour, markets erased all early gains but immediately recovered and ended with minor gains
Other than the positive global cues traders were encouraged as Finance Minister Nirmala Sitharaman said India will become the third largest economy by 2027-28, with a GDP of over $5 trillion in the morning session.
Meanwhile, investors preferred to book some profit ahead of the US inflation data for December, which is due later in the day. The market sentiments remain supportive due to the appreciation of the Indian rupee against the US dollar.
Indian Stock Market Today
The Nifty 50 index closed higher by 28.50 points or 0.13 percent and closed at 21647.20 levels while the Sensex was up by 63.47 points or 0.09 percent and finished at 71721.18 levels. The Bank Nifty index ended higher by 77.50 points or 0.16 percent on the spot level and closed at 47438.35 levels.
The broader markets outperformed their larger peers today, as the Nifty midcap index was up by 230.15 points or 0.49 percent and closed at 47337.30 levels. The Nifty smallcap index ended higher by 89.75 points or 0.58 percent at 15476.45 levels.
Nifty 50 Top Gainers & Losers
The top gainers in the Nifty 50 index were Hero Motors, Bajaj Auto, Reliance, Axis Bank, and BPCL, and the top losers were Infy, Dr. Reddy, SBI Life, HUL, and Wipro.
The top gainers in the Nifty midcap index were Guj Gas, Guj Flurochem, and Voltas and the top losers were Polycab, ZEEL, and Delhivery.
The smallcap top gainers were MRPL, Easy My Trip, and MGL while the top losers were KEI International, Cochin Shipyard, and Cyient.
The most active stocks in the Nifty index in terms of value were Reliance, Infy, and HDFC Bank. The most active stocks in terms of volume were Tata Steel, Power Grid, and SBI
On the sectoral front, Energy, Auto, and Banks closed higher while the sectors that closed in the red were Media, IT, and FMCG.
Global Stock Market Today
The other Asian stock markets mostly ended higher on Thursday tracking gains from US markets overnight. Japan’s Nikkei 225 closed above 35K for the first time since February 1990, while Australia’s S&P ASX 200 index gained 0.50%.
South Korea’s Kospi index closed slightly lower by 0.07%, as the Bank of Korea’s unchanged interest rate as per expectation. Shanghai erased early losses and closed higher by 0.31%, while Hang Seng gained 1.26%. The Straits Times and Taiwan ended in the green territory, while the SET Composite closed in the red.
European stock market indexes are trading higher following positive cues from Asian markets and Wall Street overnight. All eyes are on the US inflation data which will released later today, for more cues of an interest rate cut.
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Editorial desk