Indian benchmark indices close under pressure; auto, bank stocks drag

20 Nov 2023 , 03:40 PM

Domestic equity indices closed today’s session with a negative sentiment, dragged down by declines in major sectoral stocks.

On the sectoral front, Nifty auto stocks closed about 1% lower. On the other hand, heavyweight IT stocks closed with a marginal upside. All other sectoral indices ended the session with mostly flat numbers.

At closing, BSE Sensex was at 65,655 points, down by 139 points. NSE Nifty closed 38 points lower at 19,694.

In today’s trade, small and mid-cap stocks outpaced the indexes, advancing 0.4% each. They are up more than 9% and 7% this month, respectively, compared to 3% increases in the Nifty and Sensex. Meanwhile, investors are looking for additional clues on interest rate trajectory in the minutes of the US Federal Reserve’s most recent meeting, which is coming this week.

In today’s session, Tata Investment Corporation registered over 15% uptick ahead of Tata Tech IPO.

On the gainers’ chart were Divis Lab, Bharti Airtel, Wipro, HCL Tech, and Coal India. Adani Enterprises, Bajaj Finance, Mahindra & Mahindra, SBI Life, and Ultratech Cement emerged as the top losers weighing down the overall market sentiment.

A total of 217 stocks touched new 52-week highs in today’s trade, and only 9 stocks plunged to new 52-week lows.

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