Mumbai (Maharashtra) [India], November 20 (ANI): Monday’s buying and selling session witnessed a mixture of fluctuations, in the end concluding with each Sensex and Nifty closing within the purple.
At the closing bell, the BSE Sensex reported a dip of 139.58 factors, settling at 65,655.15, whereas the NSE Nifty declined by 37.80 factors, closing at 19,694.00.
The market temper was notably influenced by international cues, notably the cautious sentiment from the US markets and uncertainties surrounding the US financial coverage.
Among the Nifty firms, Divi’s Lab, Bharti Airtel, Wipro, HCL Technologies, and Coal India emerged as the highest gainers. On the flip facet, Adani Enterprises, Bajaj Finance, MM, SBI Life, and Ultra Cement confronted losses, contributing to the unfavorable shut.
Varun Aggarwal, founder and managing director, Profit Idea, mentioned, “Benchmark indices kicked off the week on a subdued note, with weakness in metal, auto, and FMCG stocks limiting gains. The BSE Sensex experienced a downturn of 321 points from its peak, concluding at 65,789, while the NSE Nifty50 retreated by 62.45 points from its high, settling at 19,694”.
He added, “On the NSE Nifty 50, the top losers included MahindraMahindra, SBI Life Insurance, Bajaj Finance, Adani Enterprises, and Ultra Tech Cement. In contrast, the top gainers were Divis Labs, Bharti Airtel, HCL Technologies, Wipro, and Coal India. In the sectoral landscape, the Nifty Auto index declined by 0.77 per cent, the Nifty Media by 0.53 per cent, the Nifty Metal by 0.48 per cent, and the Nifty FMCG index by 0.40 per cent. Conversely, the Nifty IT index exhibited a gain of 0.57 per cent”.
The buying and selling day highlighted weak spot in steel, auto, and FMCG shares, impacting the general market efficiency.
The Nifty Auto index, Nifty Media, and Nifty Metal reported declines of 0.77 per cent, 0.53 per cent, and 0.48 per cent, respectively. However, the Nifty IT index stood out with a achieve of 0.57 per cent.
“Stocks touching their 52-week highs included Oberoi Realty, REC, Trent, Power Finance Corporation, HCL Technologies, and Persistent Systems. On the flip side, Rajesh Exports, Committed Agro, SKS Textiles, Adani Wilmar, and IRM Energy emerged as the top losers on NSE at 52-week lows”, mentioned Aggarwal.
Aggarwal said, “Global shares displayed a mixed trend on Monday after Wall Street marked its third consecutive positive close. Germany’s DAX fell 0.1 per cent to 15,907.92, while the CAC 40 in Paris gained 0.3 per cent to 7,256.93. The FTSE 100 in Britain was down 0.3 per cent at 7,481.86. Futures for the SP 500 and the Dow Jones Industrial Average remained virtually unchanged. Japan’s Nikkei 225 index experienced a 0.6 per cent decline after surpassing its September peak and reaching a 33-year high”.
The international market situation displayed a blended pattern, with Germany’s DAX falling by 0.1 per cent, whereas the CAC 40 in Paris gained 0.3 per cent.
The FTSE 100 in Britain was down 0.3 per cent, reflecting an total uncertainty in international markets. In Asia, Japan’s Nikkei 225 index skilled a 0.6 per cent decline after reaching a 33-year excessive.
As the week unfolds, market individuals can be intently monitoring international developments and central financial institution actions for potential impacts on Indian markets.
The blended international cues recommend ongoing market sensitivity to geopolitical and financial elements. (ANI)