Indices ended 3 days losing streak; closes higher

9 Sep 2024 , 04:13 PM

Indian equity markets rebounded on September 9, snapping a three-day losing streak with a positive close, as the Nifty ended around 24,950.

At the closing bell, the BSE Sensex rose by 375.61 points, or 0.46%, to settle at 81,559.54, while the NSE Nifty gained 84.20 points, or 0.34%, to finish at 24,936.40. The market breadth, however, was mixed, with 1,576 stocks advancing, 2,300 stocks declining, and 130 remaining unchanged on the NSE.

Key Performers of the Day

Among the top gainers on the Nifty were Hindustan Unilever (HUL), Shriram Finance, ICICI Bank, ITC, and Britannia Industries. On the other hand, the top losers were ONGC, Tech Mahindra, Hindalco Industries, NTPC, and BPCL.

Sectoral Performance

Sectorally, the FMCG and Bank indices stood out, each closing with gains of 1%. FMCG stocks like HUL and ITC led the charge. Meanwhile, the Banking index was bolstered by gains in heavyweight ICICI Bank.

Conversely, sectors like Capital Goods, Information Technology, Metals, Telecom, Media, Oil & Gas, Power, and Realty ended in the red, each down by 0.3% to 1%.

Midcap and Smallcap Indices Under Pressure

The broader market indices underperformed the benchmark indices. The BSE Midcap index slipped by 0.3%, and the BSE Smallcap index fell by 0.6%