November 19, 2024
New Delhi, India
Stock Market Live
Indian benchmark indices BSE Sensex and NSE Nifty50 broke their losing streak on Tuesday, ending the session in positive territory after seven consecutive days of declines.
- Sensex closed 239.37 points higher (0.31%) at 77,578.38.
- Nifty50 gained 64.70 points (0.28%) to end at 23,518.50.
Sectoral Performance
- Gainers:
- Auto, Realty, Media, IT, and Pharma sectors posted gains of 0.5%-2.5%.
- BSE Midcap and Smallcap indices added nearly 1% each.
- Losers:
- Metal, Oil & Gas, and PSU Banks slipped 0.5% each.
Top Gainers and Losers
- Top Gainers:
- Mahindra & Mahindra (+3.15%)
- Tech Mahindra
- HDFC Bank
- Eicher Motors
- Dr. Reddy’s Labs
- Top Losers:
- SBI Life Insurance (-2.92%)
- Hindalco
- Reliance Industries
- HDFC Life Insurance
- State Bank of India
Key Insights
- The markets saw late-session volatility, trimming earlier gains but managing to close in the green.
- Concerns over foreign fund outflows and weak corporate earnings weighed on investor sentiment.
- Nifty’s resilience above 23,500 marks a potential reversal, though cautious optimism prevails.
The Indian stock market rebounded after consecutive losses, driven by strength in Auto and Realty sectors. However, late-session sell-offs and pressure on Metals and PSU Banks highlight lingering market challenges.
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