Indian Benchmark Indices Close Week on Positive Note Despite Early Morning Dips

10 Nov 2023 , 03:47 PM

The Indian stock market concluded the week on a positive trajectory, with benchmark indices exhibiting resilience despite early morning dips. The Sensex settled 72.48 points higher, or 0.11%, at 64,904.68, while the Nifty closed with gains of 30.00 points, or 0.15%, at 19,425.30. The trading session saw 1,812 shares registering gains, 1,747 witnessing declines, and 141 remaining unchanged.

Notable laggards among the Sensex constituents included Titan, Mahindra & Mahindra, IndusInd Bank, Asian Paints, Tata Steel, Maruti, Tata Motors, and Nestle. On the flip side, Bajaj Finance, Power Grid, Tech Mahindra, and NTPC emerged as gainers.

Within the Nifty pack, NTPC, ONGC, Tech Mahindra, UltraTech Cement, and Tata Consumer stood out as gainers, while Hero MotoCorp, M&M, HCL Tech, Titan, and Dr Reddy’s Laboratories faced losses.

The morning session witnessed the markets opening in the red, with the Sensex at 64,756.11, down by 76.09 points, and Nifty at 19,344.85, experiencing a fall of 50.45 points. The Nifty Bank during the initial session was positioned at 43,519.20, reflecting a decline of 164.40 points or 0.38%.

Sectors such as auto, IT, and oil & gas observed selling pressure, while metal, capital goods, and power sectors attracted buying interest. Both the BSE Midcap and Smallcap indices settled largely flat, showcasing the market’s ability to recover and close on a positive note despite early challenges.