Sensex and Nifty Close in the Red as Energy and PSU Banking Sectors Drag

December 29, 2023 admin

Sensex and Nifty Today 29 December 2023: Indian stock market indexes ended in the red on the last trading of 2023. The domestic markets opened lower following mixed global cues and traded sideways negative on Friday. Profit booking in heavyweight stocks like SBI, Infosys, NTPC, and Reliance dragged the markets to trade in red.

However, losses were capped as Assocham said India is likely to remain the fastest-growing major economy in the world in 2024 on the back of strong consumer demand leading to a pick-up in investment across sectors such as construction, hospitality, and infrastructure, including railways and aviation. Besides, broader indices were traded in the green as Nifty mid and smallcap indexes outperformed the benchmarks.

Sensex and Nifty Today

The Nifty 50 index closed marginally lower by 47.30 points or 0.22 percent and closed at 21731.40 levels while the Sensex was down by 170.13 points or 0.23 percent and finished at 72240.26 levels. The Bank Nifty index ended in the red by 216.30 points or 0.45 percent on the spot level and closed at 48292.25 levels.

The broader markets outperformed their larger peers today, as the Nifty midcap index was up by 366.40 points or 0.80 percent and closed at 46181.65 levels. The Nifty smallcap index ended higher by 92.40 points or 0.61 percent at 1514365 levels.

Nifty 50 Top Gainers & Losers

The top gainers in the Nifty 50 index were Tata Consumer, Tata Motors, Bajaj Auto, Adani Enterprise, and Eicher Motors, and the top losers were BPCL, ONGC, SBI, Coal India, and Infy.

The top gainers in the Nifty midcap index were Idea, Indus Tower, and Crompton and the top losers were Hind Petro, Oil, and Tata Communication.

The smallcap top gainers were JBM Auto, Affle, and Easy My Trip, while the top losers were BLS, India Mart, and Bikaji.

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

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

Global Stock Market Updates Today

The other Asian stock market indexes closed on a mixed note Friday, the last trading session of the year 2023. Japan’s Nikkei ended lower by 0.23%, but the index gained above 28% in 2023, making it the top-performing index in the region. Australia’s S&P ASX 200 was down 0.31%, as investors booked some profit after two consecutive days of gaining the index over 7% in 2023.

South Korea Kospi is not trading today due to a holiday, the index gained 18.7% in 2023. Shanghai closed higher by 0.68% led by tech companies, while Hang Seng ended just above its flat line, up 0.02% The Straits Times and Taiwan ended higher, while Jakarta ended just below its flat line.

European stock market indexes are trading higher on Friday, the final trading session of the year 2023. Almost all sectoral indices are trading higher barring oil and gas. The market volume is expected to remain thin, while London markets will finish early.

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Editorial desk