Stock Markets Today: Nifty ends above 17600, Sensex up 22 pts

 

Stock Markets Today 21 April 2023  Indian equity market indexes started on a positive note on Friday, but failed to hold the momentum and soon turned flat amid lackluster trade in Asian counterparts, as investors worried about a recession in the US. Market participants were also worried about negotiations in Washington to raise the U.S. government debt ceiling. 

Domestic indices were struggling for direction in the afternoon session and then fell below their neutral lines. The markets, however, erased all losses in the second half and closed absolutely flat in the last trading session of the week.

The Indian markets got some support, as rating agency ICRA stated that India’s real GDP growth is likely to have risen to 4.9% YoY in Q4 FY2023 from the provisional 4.4% in Q3 FY2023, with the softening of commodity price pressures.

 

Stock Market Indexes Today

 

The Nifty 50 index closed flat at 17624.05 levels while the Sensex was up by just 22.71 points or 0.04 percent and finished at 59655.06 levels. The Bank Nifty index ended lower by 151.50 points or 0.36 percent on the spot level and closed at 42118 levels

The broader markets underperformed the benchmarks today, as the Nifty midcap index was down by 132.20 points or 0.42 percent and closed at 31087.35 levels. The Nifty smallcap index closed lower by 31.50 points or 0.34 percent at 9369.40 levels.

 

Nifty 50 top gainers & losers 

 

The top gainers in the Nifty 50 index were ITC, TCS, Britannia, Wipro, and Asian Paints and the top losers were HDFC Life, TechM, Adani Enterprise, SBI Life, and Maruti.

The top gainers in the Nifty midcap index were Idea, Delhivery, and Tata Teleservices and the top losers were Oberoi Realty, Gland Pharma, and Dalmia Bharat

The smallcap top gainers were Cyient, Borosil Renewals, and Mazgaon Dock while the top losers were Brightcom Group, NLC India, and India Cement

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

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

 

Global Stock Markets Today

 

On the global front, the other Asian stock market indexes closed lower on Friday tracking negative cues from Wall Street overnight. Chinese stock markets led the losses, as the Shanghai index plunged around 2 percent. Japan’s Nikkei ended lower despite the core inflation holding steady in March. Hang Seng index slipped in the last hour as tech stocks dragged down the markets.

European stock market indexes are trading slightly higher, as investors turned their attention to manufacturing survey data. On the economic front, the latest official data showed, UK’s retail sales fell more than expected in March

 

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Editorial desk