Share Market News Today | Sensex, Nifty, Share Prices Highlights: Domestic indices ended Monday’s session mostly flat. The NSE Nifty 50 increased 25.70 points or 0.14% to 18,691.20 and BSE Sensex dipped 9 points to settle at 62,970. In sectoral indices, Bank Nifty rose 18.15 points to 43,641.05, Nifty Auto jumped 1.15%, Nifty Pharma surged 1.53% and Nifty FMCG gained 0.68% while Nifty PSU Bank fell 0.18%. The top gainers on Nifty 50 were Cipla, Adani Enterprises, HeroMotocorp, Tata Consumer Products and UPL while Power Grid, TCS, Reliance Industries Ltd (RIL), NTPC and Coal India were the losers.
Share Market Today | Sensex, Nifty, BSE, NSE, Share Prices, Stock Market Highlights
The Nifty futures on Singapore Exchanges (SGX) were trading flat at 18,713 in the early morning trade.
“The downward revision of earnings guidance by a major US tech company Accenture has raised concerns about potential earnings downgrades in the Indian IT sector, resulting in pressure on IT stocks. However, the domestic market is not expected to experience a significant correction due to favourable domestic economic indicators and correction in international commodities prices to sustain earnings growth on a QoQ basis,” said Vinod Nair, Head of Research at Geojit Financial Services.
The SGX Nifty recorded a 0.02% loss during Monday’s early trading session, with a value of 18,710, indicating a flat opening for domestic indices NSE Nifty 50 and BSE Sensex. On Friday, the benchmark indices had a volatile day of trade before closing in the red. Nifty 50 gave up the 18,700 level to end at 18,665.5, as Sensex tanked 260 points to settle at 62,979.4, just under the 63,000 level.