Stock Market Today: Nifty ends near 17600, Sensex down 159 pts

April 19, 2023 admin

Stock Market Today 19 April 2023: Indian stock market indexes closed in the red for the third consecutive session on Wednesday. The benchmark indices tried to recover in the afternoon session but heavy selling pressure in tech stocks dragged down the markets.

The Nifty 50 index closed lower by 41.40 points or 0.23 percent and closed at 17618.75 levels while the Sensex was down by 159.21 points or 0.27 percent and finished at 59567.80 levels. The Bank Nifty index ended lower by 111.20 points or 0.26 percent on the spot level and closed at 42154 levels

The broader markets also ended lower in line with the benchmarks today, as the Nifty midcap index was down by 29.50 points or 0.09 percent and closed at 31211.25 levels. The Nifty smallcap index closed lower by 9.20 points or 0.10 percent at 9386.80 levels.

Nifty 50 top gainers & losers

The top gainers in the Nifty 50 index were Divis Lab, BPCL, Bajaj Auto, Axis Bank, and M&M and the top losers were HCL Tech, IndusInd Bank, Infy, Wipro, and SBI Life

The top gainers in the Nifty midcap index were Gland, Hind Petro, and Prestige and the top losers were BalKrishna Ind, Coforge, and Zeel

The smallcap top gainers were KRBL, Piramal Pharma, and Laxmi Organic while the top losers were Brightcom group, Cyient, and RBL Bank

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

On the sectoral front, the Metal, Realty, and Pharma closed higher. The sectors that closed in the red were IT, Media, and PSU Bank

Global Stock Market Today

On the global front, the other Asian stock markets were mostly closed lower as the focus has now shifted to US Fed. On Tuesday, Fed officials made a hawkish comment on future interest rate hikes by saying one more rate hike of 25 bps is on the card. All major Asian market indexes are trading in the red at this moment.

European stock market indexes are trading marginally lower on Wednesday, as U.K. CPI inflation rose to 10.1% in March, down from 10.4% in February, but fell short of Reuters polled expectations of 9.8%. Investors are now betting on 25 bps rate hikes from the Bank of England.

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