Sensex ends volatile session 48 pts lower; Nifty below 19,800

Ira Singh
Khabar Khabaron Ki,24 Nov’23

The Indian equity benchmark indices ended on a flat note after yet another volatile session on Friday,weighed down by a drop in information technology (IT) stocks after a recent rally, extending the losing run to the second session.At close,The Sensex was down 47.77 points or 0.07 percent at 65,970.04, and the Nifty slipped 7.30 points or 0.04 percent at 19,794.70.

Stocks and Sectors
Nifty Pharma was the top gainer, rising 0.87 percent, followed by Nifty Metal and Nifty Healthcare.Nifty IT was the biggest loser, down 0.97 percent, followed by Nifty FMCG and Nifty PSU Bank.Broader market indices ended mixed. Among Nifty 50 stocks, Adani Enterprises was the top gainer, up 3.44 percent. Cipla, Divi’s Labs, Hindalco Industries and Adani Ports were other top gainers on the Nifty. Wipro, TCS, HCLTech and Apollo Hospitals were top losers of the day losing up to 2 percent.Nifty Smallcap 100 gained 0.30 percent while Nifty Midcap 100 rose 0.06 percent. Nifty 500, the broadest index on NSE, rose 0.02 percent.

On the sectoral front, pharma index up 1 percent, while selling was seen in the information technology and oil&gas stocks.BSE midcap and smallcap traded in the green.

On 24 Nov’23, the Indian rupee ended at a record closing low on Friday, weighed down by weakness in its Asian peers and dollar demand from foreign banks.

The rupee ended at 83.3675 against the US dollar, lower by 0.03 per cent compared with its close at 83.3425 in the previous session.

Experts Take:
Market experts have recommended six stocks to buy for Friday-HAL, REC, PI Industries, McDowell-N and Deepak Nitrite