Indian markets were seen again in a lackluster mood today and traded in a very tight range despite broader market being positive. Where, small-cap stocks outperformed the market with a gain of over 1% from the previous close, benchmark indices were marginally under pressure amid choppy trades on the back of profit booking in heavyweights. S&P CNX Nifty, the 50-share broad-based index, managed to hold the level of 6200 and end the day at flat-to-negative note by closing at 6202.80, down -2.15 points. While S&P BSE Sensex tried very hard to touch the psychological level of 21000 in early hours of the trade but failed again and ended the day at 20864.97, down by 28.92 points.
Overall Indian market seemed to be in deep slumber as trading was muted today. European markets also opened and traded lower as investors were cautious ahead of US job data, which was delayed due to the partial US government shutdown. As per market experts, corporate earnings so far in this season has been positive amid weak economic environment and the market is largely supported by foreign money by long-term investors who see opportunity due to the weak Rupee.
In the midst of broader market outperforming the benchmark indices on the NSE, CNX Infra among the sectoral indices led the gainers by 0.97% and followed by CNX PSE (0.76%) and CNX IT (0.68%). On the other hand, CNX Realty loses the most by falling -0.67% and chased by CNX Auto (-0.45%), CNX Finance (-0.26%) and CNX FMCG (-0.25%).
Market breadth was positive on the NSE as 778 stocks advanced against 404 declined and 42 remained unchanged.
Out of 50 stocks of Nifty, 24 registered gain while 25 declined and 1 remaining unchanged.
Top Five Nifty Gainers: Tata Power led the Nifty Gainers chart and excelled by 2.75% followed by HCL Technologies (2.72%), Power Grid (2.46%), Axis Bank (2.05%) and GAIL (2.03%).
Top Five Nifty Losers: Hindalco also topped the chart, but in the Nifty Losers category and fell by -1.82% and accompanied by Ranbaxy (-1.45%), Hero Moto Corp. and Mahindra & Mahindra (both -1.42%) and DLF (-1.20%).
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