Benchmark Indices End Volatile Session on a Flat Note

13 Dec 2023 , 03:40 PM

In a highly volatile trading session, the benchmark indices concluded on a relatively flat note, hovering around 20,950. Here are the key highlights from today’s market activity:

Closing Numbers:

• Sensex: 69,584.60, up 33.57 points (0.05%)
• Nifty: 20,926.30, up 19.90 points (0.10%)

Market Breadth:

• Advances: 2,087
• Declines: 1,553
• Unchanged: 111

Top Gainers on Nifty:

1. NTPC
2. Hero MotoCorp
3. Power Grid Corporation
4. Eicher Motors
5. M&M

Top Losers on Nifty:

1. TCS
2. Infosys
3. Bajaj Finserv
4. HDFC Life
5. Axis Bank

Sectoral Performance:

• Auto, Power, Pharma, Capital Goods, Realty: Up 1% each
• Information Technology: Down 1%

Midcap and Smallcap Indices:

• BSE Midcap Index: Rose 1%
• BSE Smallcap Index: Added 0.7%

Market Commentary: The day witnessed a roller-coaster ride as the benchmark indices struggled to find a clear direction, eventually settling with marginal gains. NTPC, Hero MotoCorp, and Power Grid Corporation emerged as top gainers, contributing to the positive sentiment. On the flip side, TCS, Infosys, and Axis Bank faced losses.

The sectoral landscape depicted resilience in Auto, Power, Pharma, Capital Goods, and Realty, each recording a 1% gain. In contrast, the Information Technology index faced headwinds, closing down by 1%.

The midcap and smallcap indices displayed positive momentum, rising by 1% and 0.7%, respectively, adding to the market’s overall vibrancy.