Sensex, Nifty index end flat ahead of Inflation & IIP data
Sensex and Nifty index today: Indian stock markets opened lower on Monday amid negative cues from global markets. The Nifty index today opened at 18402.15 levels down by 94.45 points, while Sensex made a negative opening of 411.11 points at 61770.56 levels. Soon after opening, markets managed to trim most of their losses and traded near their neutral lines in the first half and later closed flat.
Stock Market News and Updates Today
Traders remained cautious ahead of the country’s November retail inflation data, and October’s industrial production (IIP) data which is due later in the day. The continuous selling pressure by the Foreign institutions dented sentiments in the markets. Foreign institutional investors sold a net of Rs 158.01 crore equities on Friday as per provisional NSE data.
Meanwhile, the sixth round of negotiations between senior officials of India and the UK for a proposed free trade agreement (FTA) will begin on December 12 with an aim to conclude the talks at the earliest.
On the global front, Asian markets closed lower after a measure of U.S. consumer sentiment exceeded expectations in December, and producer price (PPI) data for November indicated that inflation is stickier than most assume, complicating the Fed`s task to slow the pace of its rapid interest-rate hikes. European stock markets are trading lower following the negative cues from Wall Street and Asian markets.
Sensex and Nifty 50 index at the close today
The Nifty 50 index closed flat on Monday at 18497.15 levels while the Sensex was down 51.10 points or 0.08 percent and finished at 62130.57 levels. The Bank Nifty index closed higher by 75.30 points or 0.17 percent on the spot level and ended at 43708.75
The broader markets outperformed the benchmark indexes today. The Nifty midcap index gained 116.45 points or 0.36 percent and closed at 32490.95 levels. The Nifty smallcap index was up by 54.90 points or 0.55 percent and closed at 10024.50 levels.
Nifty 50 index top gainers and losers today
The top gainers in the Nifty 50 index were BPCL, Divis Labs, Coal India, Apollo Hospitals, and UPL, the top losers were Asian Paints, Infosys, Titan, Kotak Bank, and Eicher Motors
The top gainers in the Nifty midcap index were Union Bank, Dalmia Bharat, and Polycab, and the top losers were Navin Fluorine, Godrej Ind, ad Dixon Technology
The smallcap top gainers were CSB Bank, IRB Infra, and Strides Pharma, while the top losers were Sun Pharma Adv, Future Retail, Fine Organics
The most active stocks in the Nifty index in terms of value were Infy, HDFC Bank, and Reliance The most active stocks in terms of volume were Tata Steel, ITC, and SBI
On the sectoral front, IT, Pharma, and Consumer Durables were closed lower while PSU Bank, Oil & Gas, Realty, and Metals closed higher today.
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