Nifty50 Above 20100, Sensex up 87 pts in Volatile Session, Realty & Pharma Lead

 

Sensex and Nifty50 Today, 30 November 2023: Indian stock market indexes ended with minor gains on Thursday amid mixed global cues. The domestic markets opened slightly higher and immediately slipped into the red and traded below their flat lines. The indexes traded volatile due to the monthly F&O expiry and ended slightly higher.

Investors remained cautious ahead of the domestic Q2 GDP number and key inflation data from the U.S. for more clarity about the outlook for interest rates.

The street paid no heed to a private report stating that the Indian economy is likely to continue its strong growth in the quarter to the end of September, helped by solid urban consumption and government spending, outpacing a slowing global economy squeezed by elevated interest rates and higher energy prices.

 

Sensex and Nifty50 Today

 

The Nifty50 index closed higher by 36.55 points or 0.18 percent and closed at 20133.15 levels while the Sensex was up by 86.53 points or 0.13 percent and finished at 66988.44 levels. The Bank Nifty index ended lower by 84.70 points or 0.19 percent on the spot level and closed at 44481.75 levels.

The broader markets outperformed their larger peers today, as the Nifty midcap index was up by 290.20 points or 0.68 percent and closed at 42908.90 levels. The Nifty smallcap index ended higher by 159.35 points or 1.14 percent at 14171.35 levels.

 

Nifty50 Top Gainers & Losers 

 

The top gainers in the Nifty50 index were Ultratech Cement, HDFC Life, Eicher Motors, Apollo Hospital, and Sun Pharma, and the top losers were Adani Enterprise, Adani Ports, IndusInd Bank, Power Grid, and Reliance

The top gainers in the Nifty midcap index were Poonawala Fincorp, Prestige, and Max Health and the top losers were Indian Bank, Tube Invest India, and Yes Bank

The smallcap top gainers were NBCC, Sonata Software, and Aegies Chemical while the top losers were PNB Housing, Campus, and Raymond.

The most active stocks in the Nifty index in terms of value were IndusInd Bank, HDFC Bank, and Reliance. The most active stocks in terms of volume were Power Grid, Tata Steel, and IndusInd Bank.

On the sectoral front, Pharma, Realty, and FMCG closed higher while the sectors that closed in the red were PSU Bank, Bank Nifty, and IT.

 

Global Stock Market Updates Today

 

The other Asian stock market indexes pared early losses and closed higher on Thursday, as investors digested the key economic data in the region. Japan’s Nikkei reversed early losses and ended higher by 0.43%, earlier the index was down, as the country’s October retail sales data came lower than expected. Australia’s S&P ASX 200 index closed higher by 0.74%.

South Korea’s industrial output numbers fell 3.5% as compared to expectations of a 0.5% rise. Kospi erased early losses and added 0.61% as the central bank holds interest rates. China’s factory activity contracted for the second straight month in November. Shanghai index and Hang Seng reversed early losses and closed higher by 0.26% and 0.18% respectively.   

Elsewhere, the Straits Times and SET closed lower while Taiwan ended in the green. European stock market indexes are trading higher on Thursday following gains from Asian market peers. Local investors remain cautious and keep a close eye on the release of eurozone inflation survey data for November.

 

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Happy Investing!!

Editorial desk