Sensex sheds 483 pts; Nifty at 19500,all sectors in the red.
Ira Singh
9 Oct’23
The Indian equity market indices ended lower on Monday s rising U.S. rate concerns after strong jobs data and surge in oil prices due to a military conflict in the Middle East weighed on sentiment.
At close, the Sensex was down 483.24 points or 0.73 percent at 65,512.39, and the Nifty was down 141.15 points or 0.72 percent at 19,512.35. About 970 shares advanced, 2699 shares declined, and 129 shares unchanged.
Stocks and Sectors
HCL Technologies, Dr Reddy’s Laboratories, TCS, Tata Consumer and HUL were the top gainers on the Nifty, while losers included Adani Ports, Hero MotoCorp, BPCL, HDFC Life and M&M.
On the sectoral front,all indices ended in the red with power, oil & gas, auto PSU Bank, metal, realty and capital goods down 1-3 percent.
Broader indices underperformed the main indices with BSE Midcap index down 1.2 percent and Smallcap index shed 1.7 percent.
On 9 Oct’23,the Indian rupee traded marginally higher against the US dollar despite a sharp jump in crude oil prices, amid expectations that the Reserve Bank of India (RBI) will prevent the local unit from breaching its record low. The local currency opened 3 paise higher at 83.22 a dollar.Indian rupee ended flat at 83.27 per dollar against Friday’s close of 83.25
Experts Take:
Market experts have recommended six stocks to buy for Monday-HDFC AMC, LTFH, REC, RBL Bank, AWHCL, SKF India.