Indian Equities Maintain Consolidation Amid Global Uncertainty

13 Nov 2023 , 03:48 PM

Indian blue-chip shares decline, led by IT and financial stocks, while awaiting October’s retail inflation data.

On November 13, the key indices concluded the trading session in negative territory. The Sensex witnessed a decline of 325.58 points or 0.50 percent, closing at 64,933.87, while the Nifty experienced a decrease of 82.00 points or 0.42 percent, settling at 19,443.50. Among the listed stocks, 1659 saw gains, 2043 registered declines, and 132 remained unchanged.

Bajaj Finance, Infosys, Tech Mahindra, and ICICI Bank emerged as notable losers among the top performers on the Sensex. Conversely, Mahindra and Mahindra (M&M), JSW Steel, NTPC, and Power Grid played a crucial role in mitigating overall losses.

IT and financial sectors, with high weightage, experience over a 0.5% dip; both gained 0.44% and 0.72% in Sunday’s special session. 

In terms of sectors, all indices concluded the trading session in negative territory, with the exception of PSU Bank and Realty. The Nifty Consumer Durables and Nifty IT indices bore the brunt of the downturn, experiencing the most significant declines.

Eicher Motors surges 2.5% as top Nifty 50 gainer post record Q2 profit on robust Royal Enfield sales. Coal India rises 1.5%, beating September-quarter profit expectations on increased power demand. BSE and Sun TV Network gain over 2.5% each on robust quarterly results

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