Share Market Today: Nifty Closes Above 21700, Sensex Up 179 Points, IT Sector Gains
Share Market Today 5 January 2024: Indian stock markets ended with minor gain on Friday amid volatility. The domestic markets opened higher, as indicated by the Gift Nifty in the morning, and traded above their neutral line in the morning session.
The equity benchmarks erased all intraday gains in the afternoon session and turned negative on selling in the Banking and Pharma counter. In the last half an hour markets recovered all losses and ended with minor gains.
The domestic markets were trading higher in early deals amid foreign fund inflows. Provisional data from the NSE showed foreign institutional investors (FIIs) bought shares worth Rs 1,513.41 crore on January 4.
The market sentiments remain upbeat as the S&P Global data showed India’s services sector PMI rose to 59.0 in December vs 56.9 in November. However, the upside remained capped due to a lack of support from European and some Asian markets.
Share Market Today
The Nifty 50 index closed higher by 52.20 points or 0.24 percent and closed at 21710.80 levels, while the Sensex was up by 178.58 points or 0.25 percent and finished at 72026.15 levels. The Bank Nifty index ended lower by 36.85 points or 0.08 percent on the spot level and closed at 48159 levels.
The broader markets also closed higher today, as the Nifty midcap index was up by 86.60 points or 0.18 percent and closed at 47396.30 levels. The Nifty smallcap index ended higher by 99.65 points or 0.65 percent at 15438.85 levels.
Nifty 50 Top Gainers & Losers
The top gainers in the Nifty 50 index were Adani Ports, TCS, LT, SBI Life, and LTIM, and the top losers were Nestle, Britannia, UPL, Sun Pharma, and JSW Steel.
The top gainers in the Nifty midcap index were Motherson Sumi, Tube Invest, and Apl Apollo Tubes and the top losers were Fluorochem, ABFRL, and Bandhan Bank
The smallcap top gainers were Credit Access, Suzlon, and Angel One while the top losers were GNFC, Chambel Fertiliser, and Aegis Chemical.
The most active stocks in the Nifty index in terms of value were HDFC Bank, ICICI Bank, and Kotak Bank. The most active stocks in terms of volume were Tata Steel, NTPC, and ONGC.
On the sectoral front, IT, Auto, and Realty closed higher while the sectors that closed in the red were PSU Bank, Pharma, and Metal.
Global Share Market Today
The other Asian stock market indexes closed mixed on Friday as investors assessed economic data released in the region and looked ahead to key US payroll data later in the day. Japan’s Nikkei ended higher by 0.27%, as the country’s composite PMI for December came in at 50, rising from 49.6 in November to signal stabilization in Japan’s private sector output.
Australia’s S&P ASX 200 erased all intraday gains and closed lower by 0.07%, falling for the third consecutive session. South Korea’s Kospi index declined 0.35%. Shanghai index fell the most in the region, down by 0.86%, while Hang Seng ended lower by 0.67%. The Straits Times closed in the green, while Taiwan and SET Composite ended in the red.
European stock market indexes are trading lower on Friday following the negative global cues. The sentiments were downbeat, as retail stock fell sharply after German retail sales declined more than expected in November. Investors remain cautious ahead of the flash eurozone inflation data later in the day.
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Editorial desk