Sensex falls for 2nd day, ends 140 points lower;Nifty below 19,700 ;Auto, FMCG major drag

Ira Singh
Khabar Khabaron Ki,20 Nov’23

The Indian equity market indices opened muted for the second consecutive session on Monday amid banking and financial stocks’ losses amid concerns over tightened RBI rules on personal loans.

At close, Sensex was down 139.58 points or0.21 percent at 65,655.15, and the Nifty was down 37.80 points or 0.19 percent to end at 19,694.

Stocks and Sectors
Divis Labs, Bharti Airtel, HCL Technologies, Wipro and ONGC were the top gainers on the Nifty, while losers included Adani Enterprises, M&M, Bajaj Finance, SBI Life Insurance and UltraTech Cement.

On the sectoral front,the Information Technology index was up 0.6 percent and the healthcare index was up 0.3 percent, while selling is seen in the metal, auto, capital goods, FMCG, and realty names.The BSE midcap index ended flat, while the smallcap index rose 0.4 percent.

On 20 Nov’23,the Indian rupee declined by 9 paise to settle at its all-time low of 83.35 against the US dollar on Monday, tracking a negative trend in domestic equities.Foreign fund outflows also weighed on the local unit, forex traders said.

Experts Take:
Market experts have recommended six stocks to buy for Monday- Aurobindo Pharma, LT, Escorts, Devyani International, Mankind Pharma and Tourism Fin Corp.