Last Updated: November 13, 2023, 15:51 IST
Sensex Today: The benchmark indices witnessed revenue reserving a day after clocking strong features on the primary session of Samvat 2080.
The S&P BSE Sensex ended 326 factors, or 0.5 per cent, decrease at 64,934 with 23 of the 30 index shares settling within the destructive zone.
On the NSE, the Nifty50 index shut store at 19,440, down 86 factors or 0.44 per cent. Here, 36 shares closed decrease led by SBI Life, Bajaj Finance, Grasim, Infosys, Nestle India, Apollo Hospitals, Tech M, ICICI Bank, HDFC Bank, TCS, Reliance Industries, HDFC Life, and Bajaj Finserv. All these shares fell between 0.6 per cent and a pair of.3 per cent.
The broader markets, then again, settled combine the frontline indices with the BSE MidCap index rising 0.10 per cent however the BSE SmallCap index down 0.01 per cent.
Sectorally, the Nifty PSU Bank index climbed probably the most (up 2.6 per cent), adopted by the Nifty Metal index (up 0.37 per cent). On the draw back, the Nifty IT index declined 0.73 per cent.
Vinod Nair, Head of Research at Geojit Financial Services, stated: “Post-Diwali, Indian equities continued consolidation amid global uncertainty. The sharp deceleration in IIP growth, from 10.3% in August to 5.8% in September, and weakening Manufacturing PMI reflect global trends driven by rising interest rates and inflation. The Indian Rupee’s weakness keeps FIIs cautious. However, the market’s downside is limited by strong earnings, economic stability, and domestic institutional flows. A potential reversal is likely, as domestic October CPI inflation is expected to moderate. Notably, public sector banks are outperforming due to strong credit growth, improved asset quality, and robust balance sheets, and this trend is expected to persist.”
