Stock market ends marginally higher;Nifty settles above 19,800

Ira Singh
Khabar Khabaron Ki,22 Nov’23

The Indian equity market indices ended higher for the second consecutive session on Wednesday, helped by buying in index major Reliance Industries. Gains were however restricted amid unabated foreign fund outflows from the equity markets and mixed trends in global markets.At close,the Sensex was up 92.47 points or 0.14 percent to end at 66,023.24 and the Nifty settled at 19,811.85, up 28.45 points or 0.14 percent.

Stocks and Sectors
BPCL, Cipla, NTPC, Infosys and Power Grid Corporation were the top gainers on the Nifty,while losers included IndusInd Bank, Hindalco Industries, Kotak Mahindra Bank, Adani Enterprises and Adani Ports.

A mixed trend was seen on the sectoral front, with bank, metal and realty down 0.5 percent each, while IT, capital goods, oil & gas, power, healthcare and FMCG were up 0.3-1 percent.The BSE midcap index rose 0.3 percent but the smallcap index was down 0.6 percent.

On 22 Nov’23,the Indian rupee consolidated in a narrow range and settled lower by 3 paise to close at 83.31 against the US dollar on Wednesday, tracking a strong American currency overseas.Forex traders said a muted trend in domestic equities also weighed on the local unit while a correction in oil prices provided support to the currency.

Experts Take:
Market experts have recommended five stocks to buy for Wednesday- MFSL, Titan Company, Sun Pharma, Cummins India, and NHPC.