Stock Market Today: Sensex, Nifty End Flat, but Smallcap Index Steals the Show

September 26, 2023 admin

Stock Market Today Sept 26, 2023: Indian stock markets ended slightly lower on Tuesday. The domestic markets opened marginally higher despite negative cues from Asian markets and traded near their flat line throughout the day. Indian markets witnessed selling pressure mainly in IT and Banking counters.

Global investors were concerned about China`s property sector and the possible impact of high oil prices on inflation and the fear of elevated interest rates for a longer time also dampened sentiments. On the domestic front, continued selling pressure from FIIs in the equity cash segments also hit the market sentiments.

Stock Market Indexes Today

The Nifty 50 index closed lower by 9.85 points or 0.05 percent and closed at 19664.70 levels while the Sensex was down by 78.22 points or 0.12 percent and finished at 65945.47 levels. The Bank Nifty index ended lower by 141.90 points or 0.32 percent on the spot level and closed at 44624.20 levels.

The broader markets closed mixed today, as the Nifty midcap index was down by 66.85 points or 0.17 percent and closed at 40338.85 levels. The Nifty smallcap index ended higher by 70.60 points or 0.57 percent at 12552.15 levels.

Nifty 50 Top Gainers & Losers

The top gainers in the Nifty 50 index were Eicher Motor, Hero Motors, Nestle India, Bajaj-Auto, and ONGC and the top losers were Indus Bank, Cipla, TechM, Kotak Bank, and Adani Enterprise.

The top gainers in the Nifty midcap index were Idea, JSW Energy, and Dixon and the top losers were Shriram Finance, Union Bank, and Mphasis

The smallcap top gainers were Cochin Shipyard, Kalyan Jewellers, and BSE while the top losers were Glenmark, NLCIndia, and Trevini Engg.

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

On the sectoral front, FMCG, Auto, and Metal closed higher while the sectors that closed in the red were Meida, PSU Bank, and IT.

Global Stock Market Today

The other Asian stock markets mostly closed lower on Tuesday despite the positive US markets overnight. Investors remain cautious after Moody’s warning that a U.S. government shutdown would be “credit negative” for the world’s largest economy. Japan’s Nikkei closed lower by 0.92 percent while the Shanghai and Hang Seng ended lower by 0.43 percent and 1.43 percent respectively.

Australi’s S&P ASX 200 also closed lower by 0.45 percent ahead of the consumer price index data due on Wednesday. South Korea’s Kospi also extended early losses and fell sharply by 1.38 percent. Elsewhere, the Straits Times, Taiwan, and SET Composite also ended in the red.

The European markets are mostly trading lower following the negative cues from Asian peers and as investors remain cautious after a warning from Moody’s on the looming US government shutdown. The US future indexes, Dow Futures, and Nasdaq futures are trading lower.

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Editorial desk