Sensex and Nifty 50 Today Report Minor Gains, Broader Markets Steal the Spotlight
Sensex and Nifty 50 Today, 8 Nov 2023: Indian stock market indexes closed with minor gains on Wednesday. The domestic markets opened higher following gains from Wall Street overnight. The upside remained capped as most of the Asian stock market indexes pared early gains and ended in the red.
Traders remain cautious after hawkish comments from Fed officials overnight and ahead of Chair Jerome Powell`s speech which is due later in the day. Traders seemed reluctant to make significant moves and will pay close attention to Powell`s speech for clues about the outlook for interest rates.
Further, the persistent foreign fund outflows also dented sentiments. According to the provisional data available on the NSE, foreign institutional investors (FII) offloaded shares worth a net of Rs 497.21 crore on November 7, 2023.
Sensex and Nifty 50 Today
The Nifty 50 today closed higher by 36.80 points or 0.19 percent and closed at 19443.50 levels while the Sensex was up by 33.21 points or 0.05 percent and finished at 64975.61 levels. The Bank Nifty index ended slightly lower by 79.25 points or 0.18 percent on the spot level and closed at 43658.65.
The broader markets outperformed their larger peers today, as the Nifty midcap index was up by 397.05 points or 0.99 percent and closed at 40446.85 levels. The Nifty smallcap index ended higher by 92.45 points or 0.70 percent at 13335.15.
Nifty 50 Top Gainers & Losers Today
The top gainers in the Nifty 50 index were BPCL, Adani Ports, Asian Paints, Cipla, and Titan, and the top losers were ICICI Bank, NTPC, Infy, TechM, and Tata Consumer.
The top gainers in the Nifty midcap index were Hind Perto, Poonawala Fin, and Yes Bank, and the top losers were BHEL, Bharat Forge, and Gland Pharma.
The smallcap top gainers were NLC India, AngelOne, and CESC while the top losers were Easymy Trip, Affle, and Amber
The most active stocks in the Nifty index in terms of value were HDFC Bank, ICICI Bank, and Reliance. The most active stocks in terms of volume were Tata Steel, ICICI Bank, and HDFC Bank
On the sectoral front, Realty, Pharma, and Metal closed higher while the sectors that closed in the red were Financial Services IT, and Banks.
Global Stock Market Updates Today
The other Asian stock market indexes stock markets mostly closed lower on Wednesday. Japan’s Nikkei erased early gains and closed lower by 0.33%, as investors digested positive business confidence data from Japan. Australia’s S&P ASX 200 index gained 0.26% after a choppy trading on Wednesday.
South Korea’s Kospi extended its early losses and ended lower by 0.92%, erasing most of its early week’s gain after a short selling ban on Monday. Shanghai and Hang Seng erased all intraday gains and closed lower by 0.18% and 0.58% respectively.
Elsewhere, the Straits Times and Jakarta closed lower, while Taiwan and SET Composite ended higher on Wednesday. European stock market indexes are trading with little changes, as investors assess corporate earnings and look for eurozone retail sales data for September later during the day.
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