Stock Market Today: Sensex and Nifty Hold Steady Amidst Volatility

September 25, 2023 admin

Stock Market Today Sept 25, 2023: Indian stock markets ended the volatile session flat to a positive note on Monday. The domestic markets were traded volatile in a narrow range amid weak global cues.

The weak trend in global markets and continuous foreign fund outflows dampened the domestic market sentiments. Foreign Institutional Investors (FIIs) offloaded equities worth Rs 1,326.74 crore on Friday, according to exchange data. Foreign Portfolio Investors (FPIs) have pulled out over Rs 10,000 crore from Indian equities in the first three weeks of September.

However, losses remain capped as some support came from Economic Affairs Secretary Ajay Seth’s statement that digital public infrastructure (DPI) has led to savings of over $27 billion in government schemes, and achieved greater financial inclusion in a short period.

Stock Market Indexes Today

The Nifty 50 index closed edge higher by 0.30 points and closed flat at 19674.55 levels while the Sensex was up by only 14.54 points or 0.02 percent and finished at 66023.69 levels. The Bank Nifty index ended higher by 154.05 points or 0.35 percent on the spot level and closed at 44766.10 levels.

The broader markets outperform their larger peers today, as the Nifty midcap index was up by 266.55 points or 0.66 percent and closed at 40405.70 levels. The Nifty smallcap index ended higher by 5.30 points or 0.04 percent at 12481.55 levels.

Nifty 50 Top Gainers & Losers

The top gainers in the Nifty 50 index were Bajaj Finance, Tata Consumer, Bajaj Finserve, Apollo Hospital, and Coal India and the top losers were Hindalco, SBI Life, Hero Motors, Infy, Dr. Reddy

The top gainers in the Nifty midcap index were Ramco Cement, Trent, and Dal Bharat, and the top losers were Bank of India, Delhivery, and Gland Pharma.

The smallcap top gainers were IRB, MCX, and Balrampur Chini while the top losers were Kalyan Jewellers, Brightcom Group, and PNBHousing.

The most active stocks in the Nifty index in terms of value were HDFC Bank, Bajaj Finance, and Reliance. The most active stocks in terms of volume were Tata Steel, HDFC Bank, and Power Grid.

On the sectoral front, Realty, Financial Services, and Bank closed higher while the sectors that closed in the red were IT, Media, and Pharma.

Global Stock Market Today

The other Asian stock market indexes closed mixed on Monday, as investors are looking ahead to the key economic data across the region later this week. Japan’s Nikkei ended higher by 0.85 percent while South Korea’s Kospi extended its early losses and ended lower by 0.50 percent.

Australia’s S&P/ASX 200 reversed its early losses and gained 0.11 percent at the close. Shanghai and Hang Seng extended their early losses and ended down by 0.54 percent and 1.85 percent respectively. Elsewhere, Straits Times and Taiwan closed higher, while SET Composite ended lower on Monday.

European markets opened lower on Monday, as investors worried about China’s troubled property sector continued with developer Evergrande saying it would not be able to complete a plan to restructure, while rising crude oil prices also weighed on market sentiments.

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Stock Market Prediction Next Week (25- 29 Sept 2023)

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Editorial desk