Thursday, 14 November 2024
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Stock MarketWorld

Sensex increases by 64 points, and Nifty crosses 19,350

The bigger NSE Nifty index rose 24 points or 0.12% to end the day at 19,356, while the 30-share BSE Sensex pack advanced 64 points or 0.10 percent to conclude at 65,344 on Monday.

The Nifty Midcap 100 fell 0.38 percent, and the Nifty Smallcap 100 fell 0.58 percent, as mid and smallcap equities concluded on a shaky note. India VIX, the fear index, decreased 0.60 percent to 11.46.

Sensex and Nifty

The Asian stock markets were uneven, but purchasing activity in a few index heavyweights like Reliance Industries, Tata Steel, Hindustan Unilever (HUL), Tata Motors, and Kotak Mahindra Bank helped push the indices higher.

Indian equities experienced widespread weakness, but the benchmarks maintained a little positive trend thanks to active purchasing in heavyweight stocks. Since the sector is expected to start the Q1 result season with negative profits, IT equities were the ones that experienced the most decline.

  • BSE Sensex and NSE Nifty rose 0.10% and 0.12%, respectively.
  • Indian equities weaken, benchmarks show a positive trend; IT equities decline.
  • Tata Steel, JSW Steel, Bharti Airtel, HDFC Life gain up to 3.27%.

The US markets are also giving off unfavorable signs, as uncertainty over a potential rate hike persists despite predictions of a swift cooling of US CPI inflation data.

Reliance Industries (RIL), which increased 3.86 percent to close at Rs 2,735.25, was the highest Nifty gainer on a stock-by-stock basis. Following the approval of a share capital reduction plan by Reliance Retail and the setting of July 20 as the record date for the demerger of its financial services sector into Reliance Strategic Investments, the oil-to-retail behemoth experienced a meteoric rise.

Tata Steel, JSW Steel, Bharti Airtel, and HDFC Life all had gains of up to 3.27 %, while Mazagon Dock Shipbuilders, Aegis Logistics, IIFL, and Sun Pharma Advanced saw gains of up to 9.26 %.

Hindustan Unilever (HUL), HCL Tech, Titan, PowerGrid, Tata Consultancy Services (TCS), and PowerGrid all experienced up to 3.08 percent declines.

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