Nifty index end near 18500 levels amid positive global cues
Sensex and Nifty index today: Indian stock market indexes opened higher on Thursday amid positive cues from the US and Asian markets. The Nifty index opened at 18326.10 levels, up by 58.85 points while Sensex made a positive opening of 145.42 points at 61656 levels. The domestic markets extended their early gains and closed near the day high today.
Stock market news and updates today
The market sentiments remained optimistic as the S&P Global Market Intelligence projected India’s real gross domestic product (GDP) growth to average 6.3 percent annually between the financial years 2021 and 2030, enabling it to overtake Japan and Germany to become the world’s third-largest economy in nominal US dollar terms.
The domestic markets got some support with the report stating that the Indian banking system is much better placed than the last cycle, and will be able to sustain the current round of high loan growth.
However, traders overlooked the data of the Department for Promotion of Industry and Internal Trade (DPIIT) showed that Foreign Direct Investment (FDI) equity inflows into India contracted by 14 percent to USD 26.9 billion during the April-September this fiscal. The inflows were reported at USD 31.15 billion during the same period last year.
On the global front, Asian markets mostly closed in the green as the minutes of the Fed`s last policy meeting showed a `substantial majority of Fed officials supported slowing down the pace of interest rate hikes at upcoming meetings. Shanghai erased early gains and closed marginally lower due to the concern of surging covid-19 infection.
European markets are trading higher, following the positive cues from Wall Street and Asian market peers overnight.
Sensex and Nifty 50 index at the close today
The Nifty 50 index was up by 216.85 points or 1.19 percent and closed at 18484.10 levels while the Sensex gained by 762.10 points or 1.24 percent and finished at 62272.68 levels. The Bank Nifty index closed higher by 346.30 points or 0.81 percent on the spot level and ended at 43075.40
The broader markets underperformed the benchmarks today, as the Nifty midcap index gained by 138.60 points or 0.44 percent and at 31289.25 levels. The Nifty smallcap index was up by 49.35 points or 0.51 percent at 9740.65 levels.
Nifty 50 index top gainers and losers today
The top gainers in the Nifty 50 index were Apollo Hospital, HDFC Life, BPCL, Infosys, and Tata Consumer Product and the top losers were Cipla, Coal India, Kotak Mahindra, Tata Motors, and Bajaj Finserve
The top gainers in the Nifty midcap index were Guj State Petro, REC, and Union Bank and the top losers were Vodafone Idea, Sun TV, and Prestige Estate.
The smallcap top gainers were Avantee Feeds, IOL Chemicals, and Rail Vikas, while the top losers were Icron International, APL Apollo, GNFC
The most active stocks in the Nifty index in terms of value were HDFC Bank, Reliance, and Adani Entertainment. The most active stocks in terms of volume were Tata Steel, NTPC, and ONGC
On the sectoral front, barring Consumer Durables all other sectors closed in the green, the sectors that lifted the markets were IT, Oil & Gas, Financial Services, PSU Bank, and FMCG
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