Stock Market Updates: Sensex, Nifty Trade Flat; Kotak Mahindra Bank Down 3% – News18

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Stock Market Updates: Sensex, Nifty Trade Flat; Kotak Mahindra Bank Down 3% – News18


Last Updated: October 23, 2023, 09:49 IST

Sensex Today: Equity benchmark indices opened flat on Monday, monitoring blended international cues. Investor sentiment remained muted amid Israel-Gaza tensions and excessive US bond yields. The BSE Sensex fell 18 factors to 65,379, and the NSE Nifty50 slipped 15 factors to 19,528.

Nestle, ICICI Bank, Bajaj twins, SBI and Axis Bank led beneficial properties on the Sensex, rising as much as 1 per cent. On the flip aspect, Kotak Bank, Grasim, TCS, Ultratech Cement had been among the many few frontline losers.

The broader markets had been additionally flat with the BSE MidCap and SmallCap indices holding tepid beneficial properties.

Among shares, Paytm slid over 2 per cent regardless of narrowing its internet loss to Rs 290.5 crore in Q2 from Rs 571 a yr in the past.

“Bank Nifty witnessed a narrow rangebound session hovering near the 43,700-43,800 zone for the last 2 sessions with the bias maintained little bit weak and has the near-term crucial support zone of 43400 levels. A decisive breach below the 43,400 zone shall further weaken the overall trend and expect for further slide till 42,000 levels. Bank Nifty would have the daily range of 43,400-44,000 levels,” stated Vaishali Parekh, Vice President – Technical Research, Prabhudas Lilladher.



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