November 11, 2024
New Delhi, India
Stock Market
Indian equity indices ended Monday’s session with minimal movement, as concerns over weak earnings and foreign outflows continued to pressure domestic markets.
Market Highlights
- Sensex: Closed at 79,496, up by just 9.83 points (+0.01%)
- Nifty: Finished at 24,141, down 6.90 points (-0.03%)
Top Gainers and Losers
- Gainers:
- Power Grid Corp
- Trent
- Infosys
- HCL Tech
- Tech Mahindra
- Losers:
- Asian Paints
- Britannia
- Apollo Hospitals
- Cipla
- ONGC
Also Read: ACME Solar Holdings IPO: Allotment Guide and Listing Date Details
Sector Performance
- Sector Gains:
- Nifty IT: +1%
- Nifty Financials and Banking: +0.6%
- Sector Losses:
- Nifty Healthcare, Metal, Media: -1% or more
- Auto, FMCG, Oil & Gas: -0.5% to -1%
Broader Market Trends
- BSE Midcap: Down 0.8%
- Nifty Smallcap: Down 1%
Also Read: Swiggy IPO Allotment Finalization Today: Steps to Check Status and Key Updates
Key Factors
- Ongoing concerns over weak corporate earnings and persistent foreign outflows overshadowed gains in IT and banking sectors.
- The market continues to face headwinds, marking a 0.64% drop in Nifty and a 0.3% drop in Sensex for the week, with both indices experiencing losses in five of the last six weeks.
USDINR Today: Rupee Dips Amid Renewed US Dollar Demand; Eyes on US PCE Inflation Data
Latest Q2 Results
Disclaimer:
CurrencyVeda provides this news article for informational purposes only. We do not offer investment advice or recommendations. Before making any investment decisions, please conduct thorough research, consult with financial experts, and carefully consider your financial situation, risk tolerance, and investment goals. Investing in the stock market carries risks, and it’s essential to make informed choices based on your individual circumstances. CurrencyVeda is not liable for any actions taken based on the information provided in this article.
