Sensex & Nifty index end lower amid weak global cues
Sensex and Nifty Index Today: Indian stock market indexes opened lower on Thursday tracking negative cues from the US and Asian market peers. The Nifty index today opened at 17968.35 levels, down by 114.5 points while Sensex made a negative opening of 394.52 points at 60511.57 levels. The Sensex and Nifty recovered their early losses soon after opening, traded volatile and ended with minor cuts today.
Stock Market News and Updates Today
Other than the negative cue from Wall Street, traders got cautious as an IMF official said that the Asia Pacific region is facing three main risks, including global financial tightening and a slowdown in China. Shanaka Jayanath Peiris, Division Chief of the Regional Studies Division, Asia Pacific Department at the IMF, further said that currencies in the region have depreciated sharply while public debt ratios have increased
However, the downside remained capped as India’s services sector growth improved in the month of October, recovering some of the growth momentum lost in September. The seasonally adjusted S*P Global India Services PMI Business Activity Index surged to 55.1 in October from 54.3 in September.
On the global front, Asian markets were mostly closed in the red tracking the negative cues from Wall Street overnight. The market sentiments were also negative as China’s Services Activity registered a sustained slowdown to curb the spread of covid-19 infection and continued to disrupt the business operation in October. European stock market indexes are trading lower tracking the negative cues from the US markets and cautiousness ahead of the BoE interest rate decision.
Sensex and Nifty Index at the close
The Nifty index was down by 30.15 points or 0.17 percent and closed at 18052.70 levels while the Sensex declined by 69.68 points or 0.11 percent and finished at 60836.41 levels. The Bank Nifty index ended higher today by 151.70 points or 0.37 percent on the spot level and ended at 41298.35
The broader markets outperformed the benchmarks today, the Nifty midcap index closed higher by 106.85 points or 0.34 percent and at 31786.85 levels. The Nifty smallcap index ended higher by 23.50 points or 0.24 percent at 9719.65 levels.
Nifty 50 Index top gainers and losers today
The top gainers in the Nifty 50 Stocks were SBI, Titan, UPL, HUL, and Bharti Airtel and the top losers were Tech Mahinda, Hindalco, Power Grid, NTPC, and Infosys
The top gainers in the Nifty midcap index were M&M Financial, Alembic Pharma, and varun Beverages and the top losers were Voltas, Balkrishna Ind, and V-Gaurd Ind.
The smallcap top gainers were RITES, Rail Vikas, and Ujjivan Small while the top losers were UTI AMC, BEML, and Blue Dart
The most active stocks in the Nifty index in terms of value were SBI, Axis Bank, ICICI Bank The most active stocks in terms of volume were Tata Steel, SBI and NTPC
On the sectoral front, PSU Bank, Realty, FMCG, Media, and Banking were closed in the green today. The sectors that closed in the red were IT, Consumer Durables, Auto, and Metals
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Editorial desk
