Stock Market Today: Nifty ends above 18200, Sensex up 298 pts

May 19, 2023 admin

Nifty and Sensex Today 19 May 2023: Indian stock market indexes extended their early gains on Friday amid volatility. The benchmark indices swang on both sides of the neutral lines in most parts of the session. In the second half, the key indices recovered and closed near the day’s high.

Sentiments were positive, amid reports that the Commerce and Industry Ministry will hold a two-day Chintan Shivir to discuss ways to promote manufacturing trade, investments, startups, logistics, and import substitution, among others.

However, the upside was capped, amid a private report stating that India-focused offshore funds and exchange-traded funds (ETFs) witnessed a 9 percent quarter-on-quarter decline in inflows to USD 803 million in the January-March period, mainly due to an uncertain global economic environment.

Stock Market Indexes Today

The Nifty 50 index closed higher by 73.45 points or 0.41 percent and closed at 18203.4 levels while the Sensex was up by 297.94 points or 0.48 percent and finished at 61729.68 levels. The Bank Nifty index ended higher by 217.10 points or 0.50 percent on the spot level and closed at 43969.40 levels

The broader markets underperformed the front-line index today, as the Nifty midcap index was down by 20.20 points or 0.06 percent and closed at 32550.35 levels. The Nifty smallcap index closed higher by 1.70 points or 0.02 percent at 9891.70 levels.

Nifty 50 top gainers & losers

The top gainers in the Nifty 50 index were Adani Enterprise, Adani Ports, Tata Motors, TechM, and Infy and the top losers were Divis Lab, Britannia, Tata Consumer, NTPC, and ONGC

The top gainers in the Nifty midcap index were Ramco Cement, Adani Power, and Oberoi Realty and the top losers were Gland, Honaut, and Zydus Life

The smallcap top gainers were KEC International, KEI Industries, and BSoft while the top losers were RITES, Brightcom Group, and Rail Vikas Nigam

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

On the sectoral front, Nifty IT, Realty, and Auto closed higher while the sector that closed in the red were Pharma and FMCG

Global Stock Market Today

On the global front, Asian markets closed mixed on Friday. China’s Shanghai closed lower due to concern about the slowdown in the economy, while Hang Seng declined as Tech stocks dragged after Alibaba reported weak quarterly results. Japan’s Nikkei closed higher as the core inflation rose to 3.4% in April, in line with expectations.

The fresh data showed Hong Kong`s unemployment rate decreased further to the lowest level in three-and-a-half years as the labor market strengthened on the back of revived domestic economic activities and a strong rebound in visitor arrivals. Elsewhere, Taiwan, Kospi, and Straits Times all closed higher on Friday.

European stock market indexes are trading higher on Friday, on optimism that an agreement would be reached in the talks on the US debt ceiling. The upside remains capped as the latest data showed that German Producer prices rose more than expected in April

If you like the post “Stock Market Today: Nifty ends above 18200, Sensex up 298 pts” please share it with others.

Eicher Motors Shares Jump After Q4 Results- Know the Target Price

Happy Investing!!

Editorial desk