Stock Market Update: Sensex Drops 110 Points, Nifty Closes at 22,453; Mid and Smallcaps Rise Over 1%

The Indian stock market witnessed a mixed session on Tuesday, with benchmark indices giving up some of their recent gains. The BSE Sensex fell 110.64 points, or 0.15%, to close at 73,903.91, while the NSE Nifty dipped 8.70 points, or 0.04%, to end at 22,453.30.

Market Highlights:

  • Sensex and Nifty Performance: After a three-day rally, the Sensex and Nifty took a breather, ending in negative territory. The Nifty Bank index, tracking banking stocks, closed lower at 47,545.45.
  • Midcap and Smallcap Gains: Despite the main indices’ decline, the broader market saw positive momentum, with the Nifty Midcap100 and Smallcap100 indices rising over 1% each.
  • Sectoral Performance: Among sectoral indices, banking stocks were subdued, while midcap and smallcap stocks outperformed.

Top Gainers and Losers:

  • Gainers: Stocks such as M&M, Nestle India, Tata Motors, IndusInd Bank, SBI, and Tata Steel were among the gainers, contributing to the Sensex’s performance.
  • Losers: On the other hand, Kotak Mahindra Bank, HCL Tech, ICICI Bank, Sun Pharma, Infosys, and Airtel were among the laggards.

Gift Nifty Future and Global Market today

Gift Nifty trading live price at 22,530.50 -52.5 (-0.23%) on 02-Apr-2024 18:48:48 with volume of 36,013 contracts and made high of 22,613.00 and low 22,470.00 today.

Global Market as on 18:48:48 IST

IndexLast PriceChange ( in %)
Dow 3039,566.90-240.52 (-0.60%)
S&P 5005,243.77-10.58 (-0.20%)
Nasdaq Composite16,396.80+17.37 (+0.11%)
FTSE 1007,955.08+2.46 (+0.03%)
CAC 408,164.36-41.45 (-0.51%)
DAX18,380.30-112.17 (-0.61%)
Nikkei 22539,838.90+35.82 (+0.09%)
Hang Seng16,931.50+390.10 (+2.36%)
Shanghai Composite3,074.96-2.42 (-0.08%)
NSE Nifty22,453.30-8.70 (-0.04%)
BSE Sensex73,903.90-110.64 (-0.15%)
STI3,247.72+12.83 (+0.40%)
Kospi2,753.16+5.30 (+0.19%)

Market Outlook:

The market’s retreat was attributed to profit-taking, weak cues from US markets, and foreign fund outflows. However, the overall sentiment remained positive, with midcap and smallcap stocks showing resilience.

As the market continues to navigate through volatile times, investors are advised to stay cautious and focus on quality stocks with strong fundamentals. The midcap and smallcap segments could offer interesting opportunities, given their recent strong performance.

Stay ahead in the Indian stock market by tracking Gift Nifty and global markets live. Stay updated with the latest NSE stock results and stock events to plan your investment and trading strategies for tomorrow

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