Indian Benchmark Indices Close in Negative Territory, Nifty Below 19,800

12 Oct 2023 , 03:38 PM

On October 12, 2023, the Indian benchmark indices experienced a volatile trading session and ended in negative territory, with the Nifty closing below the 19,800 mark. Here are the key highlights of the market on that day:

– Sensex Performance: The Sensex, India’s leading stock market index, closed the session at 66,408.39, marking a decline of 64.66 points or 0.10%.

– Nifty Performance: The Nifty, another prominent stock market index, ended the day at 19,794, showing a decrease of 17.30 points or 0.09%.

– Market Breadth: Market breadth leaned slightly negative, with 2,086 shares advancing, 1,459 shares declining, and 125 shares remaining unchanged.

– Top Gainers: Among the top gainers on the Nifty were BPCL, Coal India, Maruti Suzuki, Grasim Industries, and Power Grid Corporation.

– Top Losers: Notable losers on the Nifty included Tech Mahindra, Apollo Hospitals, TCS, HCL Technologies, and Infosys.

– Sectoral Performance: The Information Technology index experienced a decline of 1.5%. On the other hand, the auto, metal, power, and oil & gas sectors posted gains ranging from 0.5 to 1%.

– Midcap and Smallcap Indices: The BSE midcap index gained 0.3%, and the smallcap index rose by 0.6%, indicating some positive movements in these segments.

This trading day witnessed a mixed performance with a slight negative bias. While some sectors like auto, metal, power, and oil & gas managed to post gains, the Information Technology sector faced a decline of 1.5%. The overall market breadth showed more advancing stocks than declining ones, and midcap and smallcap indices exhibited modest gains.