New Delhi, India
September 12, 2023
The Indian equity markets showcased their resilience in today’s trading session. The benchmark equity indices, Nifty and Sensex, opened on a positive note today, but closed with mixed results.
Market Opening: The NSE Nifty 50 kicked off the day on a positive note, opening 0.56% higher at 20,110.15. Simultaneously, the BSE Sensex commenced the session at 67,506.88, recording a gain of 379.80 points. The Bank Nifty joined the upward trajectory, opening 0.70% higher than its previous close.
Sectoral Performance: Most sectors initially began in the green, with notable exceptions. The Information Technology sector outperformed others, registering a 1 percent increase. Conversely, sectors such as auto, capital goods, power, oil & gas, metal, and realty faced declines ranging from 1-3 percent each.
Closing Figures: As the trading day concluded, the Sensex closed at 67,221.13, reflecting a modest gain of 94.05 points, equivalent to a 0.14% increase. In contrast, the Nifty closed at 19,993.20, marking a minor drop of 3.15 points or 0.02%.
Top Gainers and Losers: TCS emerged as the day’s top gainer, with its share price surging by 2.88%. It was closely followed by L&T, Infosys, Divis Labs, and UltraTech Cement. However, BPCL bore the brunt of the day’s fluctuations, experiencing a significant drop of 4.22% in its share price.
Sectoral Performance (Closing): With the exception of the Information Technology sector, all other sectoral indices ended the day in the red. Notable sectors such as auto, capital goods, power, oil & gas, metal, and realty sustained losses ranging from 1-3 percent each.
Midcap and Smallcap Indices: The BSE midcap index witnessed a decline of 3 percent, underscoring the broader market’s weakness. Simultaneously, the Smallcap index faced an even more substantial decline of 4 percent.
