Sensex and Nifty closed marginally lower on 9 Nov 2021
Sensex and Nifty closed marginally lower on 9 Nov 2021
The key benchmark indices, Sensex and Nifty closed marginally lower on Tuesday. At close, Nifty was down by 24.30 points or 0.13 percent while Sensex fell 112.16 points or 0.19 percent and finished at 60433.45 levels. The Bank Nifty spot price also closed in the red by 69.45 points or 0.18 percent and ended at 39368.80 levels.
The broader markets outperformed the benchmark indices today. The Nifty midcap index gained 367.70 points or 1.16 percent and closed at 32186.35 levels. The Nifty smallcap index was up by 54.55 points or 0.49 percent and finished at 11213 levels.
The top five gainers in the Nifty50 index were M&M, Tata Motors, SBI, Hero Motor Corp, and ONGC. The top five losers in the Nifty50 index were Britannia, HDFC Bank, NTPC, JSW Steel, and HDFC. The most active stocks in the Nifty50 index in terms of value were Tata Motors, Reliance, and M&M. The most active stocks in the Nifty50 index in terms of volume were Tata Motors, SBI, M&M.
On a sectoral front, Auto, PSU Banks, Energy, Healthcare and Media sectors closed higher. The sectors that closed in the red were Financial Services, FMCG, Banks, Consumer durables, and Metals.
Stock Market Live 9 Nov 2021: Nifty trading above 18050, midcap stocks are in focus
Indian stock markets are trading marginally lower in the afternoon trading session. The key indexes are oscillating between gains and losses amid weak cues from other Asian market peers. The traders are also concerned about the continued FIIs fund outflow.
Traders turned cautious with domestic rating agency Crisil’s latest report that stated higher diesel prices will shave off the overall profitability of transporters despite an improvement in freight rates since last month following the withdrawal of the monsoons, consumption recovery, and higher infrastructure activity.
However, losses remain capped as traders found some support with the SBI report stating that India is now ahead of china in financial inclusion metrics, with mobile and internet banking transactions rising to 13615 per 1000 adults in 2020 from 183 in 2015. The number of bank branches also inched higher up to 14.7 per 1 lakh adults in 2020 from 13.6 in 2015. This is higher than Germany, China, and South Africa.
Meanwhile, the market regulator SEBI allowed foreign portfolio investors (FPIs) to write off all debts securities that they are unable to sell. This will be applicable only to such FPIs who wish to surrender their registration.
Sensex and Nifty Live today 9 Nov 2021
At 1 pm, the key benchmark indices Sensex and Nifty are trading lower by 0.17 percent and 0.09 percent respectively. The Bank Nifty is trading flat, on a positive note. The broader markets are trading higher today as Nifty midcap and smallcap indexes are trading higher by 1.15 percent and 0.40 percent respectively
On a sectoral front, Nifty PSU Bank, Auto, and IT sectors are trading higher. On the losing side Financial services, Media, and FMCG sectors are trading lower.
Nifty and Sensex are trading almost flat, auto stocks are in focus
Indian stock markets opened marginally higher amid mixed global cues. Asian markets are trading mostly in the red on Tuesday ahead of the inflation data release from China and the US. On Monday, the US markets closed higher after the approval of Joe Biden’s infrastructure spending package in Congress. European markets closed near their neutral lines on the first day of the week.
Today, the Nifty opened at 18084.35, up by only 15.8 points while Sensex made a positive opening of 64.11points at 60609.72 levels. The Bank Nifty spot price also opened higher at 39517.85 levels, up by 79.6 points from the previous closing.
Market Live, 9 Nov 2021
At 10 am, Sensex, NIfty, and Bank Nifty indexes are trading almost flat. The Broader markets are trading higher, as the Nifty midcap and smallcap indexes are trading higher by 1.06 percent and 0.52 percent respectively.
The top gaining stocks in the Nifty50 index are M&M, Tata Motors, and Hero Motor Corp. The top-losing stocks at this moment are Britannia, Power Grid, and HDFC.
On a sectoral front, Nifty Auto, PSU Bank, and Pharma sectors are trading higher whereas Media, FMCG, and Fin Services are trading in the red.
You can visit again to read more updates on the Indian stock markets for 9 Nov 2021
You may also like to read, Nifty & Bank Nifty Support and Resistance for 9 Nov 2021
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