Stock Market Today, 12 March 2024: Indian stock market indexes ended the volatile session with minor gains. The domestic markets opened flat to the positive and traded volatile throughout the session.
In a highly volatile session, Indian equity market indexes managed to hold their heads in green, with both Sensex and Nifty ending slightly higher, aided by positive cues from other Asian markets. Investors remain cautious ahead of the domestic and the US inflation data later in the day.
Traders got relief, amid reports that in a bid to boost ease of doing business, the government aims to further bring down, the time taken for voluntary closure of companies to three months, in line with international standards.
Stock Market Today
The Nifty 50 index closed edged higher by 3.05 points or 0.01 percent and closed at 22335.70 levels while the Sensex was up by 165.32 points or 0.22 percent and finished at 73667.96 levels. The Bank Nifty index ended lower by 45.45 points or 0.10 percent on the spot level and closed at the 47282.40 level.
The broader markets underperformed their larger peers today, as the Nifty midcap index was down by 687.80 points or 1.41 percent and closed at 48086.85 levels. The Nifty smallcap index ended lower by 304.80 points or 1.98 percent at 15092.10 levels.
Nifty 50 Top Gainers & Losers
The top gainers in the Nifty 50 index were HDFC Bank, TCS, LTIM, Maruti, and Infy and the top losers were Adani Enterprise, Cipla, Grasim, Adani Ports, and SBI.
The top gainers in the Nifty midcap index were Balkrishna Industries, Poonawala Finance, and Torrent Power and the top losers were Patanjali, Indian Bank, and Lodha.
The smallcap top gainers were Indiamart, Intellect Design, and MGL while the top losers were Elgie Equipment, Hudco, and SJVN.
The most active stocks in the Nifty index in terms of value were HDFC Bank, ICICI Bank, and Kotak Bank. The most active stocks in terms of volume were ITC, Tata Steel, and HDFC Bank.
On the sectoral front, IT and Financial Services closed higher while the sectors that closed in the red were Realty, PSU Bank, and Media.
Global Stock Market Today
The other Asian stock market indexes mostly closed in the green on Tuesday. Hang Seng gained the most, up by 2.89%, and extended its winning streak for three consecutive sessions. Japan’s Nikkei 225 index erased most of its early losses and closed slightly lower by 0.06%. Japan’s corporate inflation for January came higher than expected.
Australia’s S&P ASX 200 index bounced back after a sharp fall in the previous session, the index was up by 0.11% at the close. South Korea’s Kospi index is also closed higher by 0.82%. Meanwhile, the Shanghai index ended in the red, down by 0.41%. The Straits Times, SET Composite, and Taiwan ended in the green territory.
European stock market indexes are trading higher on Tuesday following the gains from Asian markets. Investors are looking ahead to the US consumer price index data, which is due later in the day.
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Editorial desk