Indian equity benchmarks closed Tuesday’s trade on a lower note, losing their six-day winning streak. The Nifty 50 ended the day 103 points or 0.40% lower at 25,910, while the BSE Sensex fell 278 points or 0.33% to end at 84,673.
The Nifty Bank settled 63 points or 0.11% lower at 58,899. The midcap and smallcap stocks also fell in today’s trade. The BSE Midcap finished 313 points or 0.66% higher at 47,500. The BSE Smallcap finished 313 points or 0.59% higher at 53,443.
“The domestic equity market edged lower as investors booked profits after the recent rebound, mirroring weak global sentiment. Expectations of a U.S. Fed rate cut in December have diminished, weighing on sentiment, with IT, metal, and realty stocks declining amid a stronger dollar, while private banks offered some support. Investors now await this week’s U.S. jobs data, which will be key in shaping the Fed’s policy outlook,” said Vinod Nair, Head of Research at Geojit Investments.
Big highlights from today’s market action-
Indices in intraday trade
The indices closed the trade on a higher note. During the session, out of 3,214 trading stocks, 969 advanced, while 2,168 declined, and 77 remained unchanged. Today, 69 stocks hit a fresh 52-week high. Meanwhile, 150 stocks touched a new 52-week low.
Top gainers
Bharti Airtel was the top gainer in the Nifty 50 in Tuesday’s session, closing 1.6% higher. It was followed by Axis Bank, Asian Paints, Shriram Finance, and Titan.
Top losers
Tata Consumer Products’ shares were the biggest losers in today’s trade, declining 2.3%. It was followed by Tech Mahindra, Jio Financial Services, InterGlobe Aviation (IndiGo), and Eternal (Zomato) were the only losers.