Sensex, Nifty Index end lower today, as IT, Realty stocks drag
Sensex and Nifty index today: It was a negative start for the Indian stock markets on Monday, following weak cues from the Asian markets. The Nifty index today opened at the 18246.40 level, down by 61.25 points while Sensex made a negative opening of 207.15 points at 61456.33 levels. Soon after opening, the indexes extended their losses and later closed lower on Monday.
Stock market news and updates
The domestic markets traded in the red, as China reported surges in Covid-19 cases in the capital Beijing. The market sentiments got dented as FIIs net offloaded shares worth Rs 751.20 crore the last Friday, according to the provisional data available at NSE.
Traders were also concerned as the latest payroll data released by the Employees Provident Fund Organisation showed that the number of new formal jobs created fell for the second consecutive month in September, declining 9 percent sequentially to 930000.
However, investors have overlooked former Niti Aayog Vice-Chairman Rajiv Kumar’s statement that India will still grow at 6-7 percent in the following 2023-24 fiscal even as the economy may be affected by uncertain global conditions.
On the global front, most Asian market indexes closed in the red on Monday, despite the broadly positive cues from global markets on Friday. On Monday, the Asian markets opened in the red, as traders reacted to the fresh COVID-19 outbreak and restrictions in China with a 5-day lockdown in Guangzhou.
Meanwhile, the People’s Bank of China left its benchmark lending rates unchanged for the third consecutive month. European markets are trading lower following the negative cues from Asian markets.
Sensex and Nifty index at the close today
The Nifty 50 index was down by 147.70 points or 0.81 percent and closed at 18159.95 levels while the Sensex declined by 518.64 points or 0.84 percent and finished at 61144.84 levels. The Bank Nifty index closed lower by 90.90 points or 0.21 percent on the spot level and ended at 42346.55
The broader markets outperformed the benchmarks today, as the Nifty midcap index closed flat to negative, down by 15.20 points or 0.05 percent and at 30901.50 levels. The Nifty smallcap index was up by 23.30 points or 0.24 percent at 9636.90 levels.
Nifty 50 index top gainers and losers today
The top gainers in the Nifty 50 Stocks were BPCL, Bharti Airtel, Axis Bank, IndusInd Bank, and HULand the top losers were ONGC, Adani Ports, Hindalco, HDFC, and Reliance.
The top gainers in the Nifty midcap index were Escorts Kubota, Shriram Trans, and Union Bank and the top losers were Varun Beverages, TVS Motors, and Oil India
The smallcap top gainers were IEX, Radico Khaitan, and GNFC while the top losers were Cochin Shipyard, Avanti Feeds, and Mazon Dock
The most active stocks in the Nifty index in terms of value were ICICI Bank, Reliance, and Bajaj Finance. The most active stocks in terms of volume were Tata Steel, ONGC, and NTPC
On the sectoral front, the PSU Bank, Media, and Consumer Durables closed in the green while IT, Realty, Metals, Auto, and Financial Services closed in the red today.
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