The markets ended lower on FII outflows and concerns over rising inflation.
The Nifty ended at 6011, up 31 points. The broader markets also moved in tandem; the midcap index ended at 7627, higher by 18 points and the smallcap index ended at 9354, up 29 points.
The Nifty ended at 5650, up 23 points. The market breadth was positive. Out of 2964 stocks traded on the BSE, there were 1768 advancing stocks as against 1073 declines
The BSE benchmark index weakened by 295 points at 19,091 and the Nifty lost 95 points to close at 5,729.
Out of 3018 stocks traded on the BSE, there were 956 advancing stocks as against 1946 declines.
Information technology (IT) companies have been on the road to revival in the past one year. From being the worst-hit sector in 2022 with a loss of 26 per cent, the Nifty IT index closed 2023 with gains of 24 per cent. So far in 2024, the index is up around 7 per cent against the nearly flat Nifty 50 benchmark index. The IT index has been on a continuous decline in the last three sessions.
Among the Sensex constituents, 18 stocks closed in negative with UltraTech Cement, L&T, Bharti Airtel, Bajaj Finance and Tech Mahindra being major laggards. Other heavyweights like Asian Paints, Maruti, Titan and JSW Steel also saw heavy selling. In contrast, Kotak Mahindra Bank, Bajaj Finserve, HDFC Bank, ITC and SBI bucked the trend and ended the session with a gain of up to 2.09 per cent.
On the BSE, 1,650 shares declined and 1,188 shares rose
The benchmark indices surged by as much as 9% during the past week till Thursday to post their highest returns in 21 months, buoyed by the upbeat sentiment on the global market front.
In the broader markets, the smallcap index gained 1% and the midcap index added 0.9% to outperform the BSE benchmark index. The Sensex closed gaining 0.2%
The market breadth was negative. Out of 2940 stocks traded on the BSE, there were 1392 advancing stocks as against 1449 declines.
The broader markets underperformed; the midcap index ended at 6662, down 133 points and the smallcap index ended at 8131, down 193 points.
Reliance and bank shares lead the decline.
Aviation companies were in focus with all the three airliners SpiceJet, InterGlobe Aviation and Jet Airways adding in the range of 2% to 3% on the BSE
BSE Midcap index outperformed the benchmark indices to end with 0.4% gains.
The European indices, including the FTSE, CAC and DAX, had trading in a directionless manner in the middle of the day.
Several factors, like fear of FII withdrawals, high inflation numbers, telecom scam, RBI warning, etc, saw the markets plummet on Thursday.
So far in September, the S&P BSE Small-cap index has gained nearly 3 per cent as compared to a modest 0.2 per cent dip in the S&P BSE Sensex.
Two equity funds at the opposite ends of the risk matrix - small-cap and arbitrage - bucked the 'low inflow' trend in May this calendar year 2023 (CY23) to receive the highest net inflows in recent years. The Rs 3,280-crore net inflows into small-cap schemes in May was the highest for the category since the mutual fund (MF) industry started releasing fund-wise inflow data in April 2019. Arbitrage schemes raked in a net Rs 6,640 crore - the highest since July 2021.
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The Sensex closed at 10,684.30 up 174.77 points and the Nifty closed at 3142 up 66 points.
The BSE Sensex opened down 20 points at 10,641.33
The 30-share BSE Sensitive Index slipped into the negative region after opening firm.
The Sensex swung in a range of nearly 200 points before ending virtually unchanged at 20104, lower by 12 points and the Nifty ended at 6029, down six points.
The Sensex finished above the psychologically key 60,000-mark while the Nifty surged past the 18,000-level on Monday on across-the-board buying amid a mixed trend overseas. A depreciating rupee and concerns over the US Federal Reserve hiking rates later this week failed to quell investors' appetite for stocks, traders said. The 30-share BSE Sensex rallied 786.74 points or 1.31 per cent to settle at 60,746.59.
The Nifty ended at 5486, up 14 points. The market breadth was positive. Out of 3055 stocks traded on the BSE, there were 1847 advancing stocks as against 1080 declines.
The Nifty gained 72 points at 5,486. Market breadth was positive. 1671 stocks advanced as compared to 1272 declines.
The Nifty ended at 5420, down 40 points. The market breadth was weak. Out of 3059 stocks traded on the BSE, there were 1208 advancing stocks as against 1739 declines.
Nifty ended at 5447, down 21 points. Out of 3069 stocks traded on the BSE, there were 1581 advancing stocks as against 1381 declines.
The market breadth was positive. Out of 3055 stocks traded on the BSE, there were 1503 advanxing stocks as against 1422 declining stocks.
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