Stock market ends marginally lower, Nifty below 19850,auto stocks shine

Ira Singh
Khabar Khabaron Ki,23 Nov’23

The Indian equity market indices ended on a flat note after yet another volatile session on Thursday, though indices climbed in early trade in tandem with a rally in the US markets and drop in crude oil prices.At close, Sensex settled at 66,017.81, down 5.43 points, or 0.01 percent, and the broad-based Nifty fell 9.85 points, or 0.05 percent, to 19,802.

Stocks and Sectors

Hero MotoCorp, Bajaj Auto, BPCL, Eicher Motors and IndusInd Bank were top gainers on the Nifty , while losers included Cipla, UltraTech Cement, LTIMindtree, SBI Life Insurance and Larsen & Toubro.

A mixed trend was seen on the sectoral front. The healthcare index closed a percent down and the information technology index 0.5 percent. Realty and oil & gas added a percent each and the auto index 0.4 percent.The BSE midcap index and smallcap index closed higher.

On 23 Nov’23,the Indian rupee slipped by 2 paise to settle at 83.34 against the US dollar on Thursday due to FII outflows and weak local equities.

Oil prices sliding more than 1 per cent and the US currency trading lower against its major global rivals restricted the rupee’s fall, forex dealers said.

Experts Take:
Market experts have recommended six stocks to buy for Thursday- Power Grid, BPCL, SAIL, Torrent Pharma, Hero MotoCorp, HDFC Life.