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Indian Shares Tread Cautiously Amidst Banking Concerns, Small-Caps Outshine

20 Nov 2023 , 02:13 PM

 Indian shares traded cautiously on Monday, facing downward pressure from losses in banking and financial stocks. At the time of writing, Sensex registered a 0.27% decline, trading at Rs 65,619, while Nifty showed a 0.20% dip at Rs 19,688 compared to the previous close.

The NSE Nifty 50 and S&P BSE Sensex remained relatively flat at 19,731 and 65,746, respectively, as of 10:20 a.m IST.

Banking and financial indexes experienced a 0.2% decline, and the private bank index fell by 0.4% following the Reserve Bank of India’s recent directives on increased capital reserves.

Small-caps and mid-caps outperformed benchmarks, showing a 0.4% rise and recording over 9% and 7% gains, respectively, in November. Information technology stocks extended their positive momentum, rising by 0.5%, following a 5% increase in the previous week.

Talbros Automotive Components surged by 19.2%, reaching a record high, driven by winning orders totaling 5.80 billion rupees. Oberoi Realty rose by 4.3% to a record high, fueled by plans to develop a luxury housing project in the National Capital Region.

For feedback and suggestions, write to us at editorial@iifl.com 

Related Tags

  • BSE
  • nifty
  • NSE
  • sensex
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