ANI
20 Nov 2023, 21:03 GMT+10
Mumbai (Maharashtra) [India], November 20 (ANI): Monday's trading session witnessed a mix of fluctuations, ultimately concluding with both Sensex and Nifty closing in the red.
At the closing bell, the BSE Sensex reported a dip of 139.58 points, settling at 65,655.15, while the NSE Nifty declined by 37.80 points, closing at 19,694.00.
The market mood was notably influenced by global cues, particularly the cautious sentiment from the US markets and uncertainties surrounding the US monetary policy.
Among the Nifty companies, Divi's Lab, Bharti Airtel, Wipro, HCL Technologies, and Coal India emerged as the top gainers. On the flip side, Adani Enterprises, Bajaj Finance, MM, SBI Life, and Ultra Cement faced losses, contributing to the negative close.
Varun Aggarwal, founder and managing director, Profit Idea, said, "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 trading day highlighted weakness in metal, auto, and FMCG stocks, impacting the overall market performance.
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 gain 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", said Aggarwal.
Aggarwal stated, "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 global market scenario displayed a mixed trend, with Germany's DAX falling by 0.1 per cent, while the CAC 40 in Paris gained 0.3 per cent.
The FTSE 100 in Britain was down 0.3 per cent, reflecting an overall uncertainty in global markets. In Asia, Japan's Nikkei 225 index experienced a 0.6 per cent decline after reaching a 33-year high.
As the week unfolds, market participants will be closely monitoring global developments and central bank actions for potential impacts on Indian markets.
The mixed global cues suggest ongoing market sensitivity to geopolitical and economic factors. (ANI)
Get a daily dose of Baton Rouge Post news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Baton Rouge Post.
More InformationNEW YORK, New York - U.S. stocks extended their rally on Friday despite remarks by Federal Reserve Chair Jerome Powell ...
MOSCOW, Russia: Russia's trade in oil with India, one of the most lucrative oil trade routes since the imposition of ...
LONDON - Health experts and tobacco campaigners have strongly criticized New Zealand's decision to repeal laws that aimed to ban ...
NEW YORK, New York - The Dow Jones index was the standout on U.S. financial markets on Thursday with a ...
WASHINGTON D.C.: Despite the ongoing economic uncertainty, major discounts during the Thanksgiving weekend enticed U.S. shoppers, who spent some US$38 ...
BANGKOK, Thailand: This week, Thailand's Deputy Finance Minister Krisada Chinavicharana said after a weaker-than-expected third quarter, the country will downgrade ...
VERMONT, USA - An Irish-Palestinian-U.S. citizen was among three university students of Palestinian descent injured in a shooting on Saturday ...
DUBAI, UAE: On November 24, countries participating in a five-day conference hosted by the International Civil Aviation Organization in Dubai ...
A Russian court on Friday ordered American Russian journalist Alsu Kurmasheva to remain in custody until February 5.The editor for ...
Dubai [UAE], December 2 (ANI): The FMBA Head of Oceans and Natural Resources, Commonwealth Secretariat Dr Nicholas Hardman-Mountford said on ...
united nations - Israel has told the United Nations that it will not renew the visa of its resident and ...
London - Finland has closed its entire 1,340 kilometer-long border with Russia after accusing Moscow of 'instrumentalizing' asylum-seekers by sending ...